The Allstate Corporation $ALL Holdings Boosted by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of The Allstate Corporation (NYSE:ALL) by 29.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,198 shares of the insurance provider’s stock after purchasing an additional 7,866 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Allstate were worth $7,341,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Harbor Capital Advisors Inc. raised its position in Allstate by 79.7% during the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the period. Barnes Dennig Private Wealth Management LLC boosted its position in Allstate by 112.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 73 shares during the period. Clearstead Trust LLC boosted its position in Allstate by 3,800.0% during the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 152 shares during the period. Armstrong Advisory Group Inc. grew its stake in Allstate by 72.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 67 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in Allstate during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Activity

In related news, insider Suren Gupta sold 19,593 shares of Allstate stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the sale, the insider owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. The trade was a 16.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Allstate Trading Down 2.3%

Shares of NYSE ALL opened at $207.53 on Tuesday. The business has a 50 day simple moving average of $204.63 and a 200 day simple moving average of $204.64. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $216.75. The stock has a market cap of $53.86 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 0.44 and a beta of 0.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share for the quarter, beating the consensus estimate of $8.72 by $5.59. The firm had revenue of $17.35 billion for the quarter, compared to analyst estimates of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $7.67 earnings per share. On average, research analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be issued a dividend of $1.08 per share. The ex-dividend date is Monday, March 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Allstate’s previous quarterly dividend of $1.00. Allstate’s payout ratio is 11.31%.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of research analyst reports. Mizuho increased their price target on shares of Allstate from $255.00 to $281.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. boosted their price objective on shares of Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $231.00 price objective on shares of Allstate in a research note on Thursday, March 5th. Zacks Research upgraded shares of Allstate from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $260.00 price target on shares of Allstate in a report on Tuesday, March 3rd. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $238.88.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.