GSA Capital Partners LLP Buys 11,287 Shares of The Allstate Corporation $ALL

GSA Capital Partners LLP raised its stake in shares of The Allstate Corporation (NYSE:ALL) by 200.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,908 shares of the insurance provider’s stock after purchasing an additional 11,287 shares during the quarter. Allstate accounts for about 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 13th biggest holding. GSA Capital Partners LLP’s holdings in Allstate were worth $3,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Truist Financial Corp raised its stake in shares of Allstate by 4.7% during the third quarter. Truist Financial Corp now owns 123,461 shares of the insurance provider’s stock worth $26,501,000 after acquiring an additional 5,542 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Allstate by 6.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 189,718 shares of the insurance provider’s stock worth $40,489,000 after acquiring an additional 12,225 shares during the last quarter. Caprock Group LLC bought a new stake in shares of Allstate in the 3rd quarter worth approximately $3,598,000. Coastal Bridge Advisors LLC lifted its holdings in shares of Allstate by 530.6% in the 3rd quarter. Coastal Bridge Advisors LLC now owns 18,174 shares of the insurance provider’s stock worth $3,901,000 after acquiring an additional 15,292 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Allstate in the 3rd quarter worth approximately $7,814,000. 76.47% of the stock is currently owned by institutional investors.

Allstate Stock Up 1.8%

Shares of NYSE ALL opened at $221.26 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a 52 week low of $188.08 and a 52 week high of $222.69. The firm’s fifty day moving average is $211.38 and its 200 day moving average is $207.38. The company has a market cap of $56.96 billion, a price-to-earnings ratio of 4.88, a PEG ratio of 0.39 and a beta of 0.21.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping the consensus estimate of $7.31 by $3.34. The company had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.53 earnings per share. On average, equities research analysts expect that The Allstate Corporation will post 29.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALL. Wall Street Zen lowered shares of Allstate from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Citigroup boosted their price objective on shares of Allstate from $221.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Weiss Ratings upgraded shares of Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, March 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Allstate from $260.00 to $263.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Finally, Wells Fargo & Company boosted their price objective on shares of Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and an average target price of $241.67.

Insider Transactions at Allstate

In other Allstate news, COO Mario Rizzo sold 18,578 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at approximately $17,991,267.60. The trade was a 18.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.55% of the company’s stock.

Allstate 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.