Shares of Allstate Co. (NYSE:ALL) were acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its position in The Allstate Co. (NYSE:ALL – Free Report) by 33.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 58,381 shares of the insurance provider’s stock after acquiring an additional 14,741 shares during the period. Los Angeles Capital Management LLC’s holdings in Allstate were worth $9,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have recently made changes to their positions in ALL. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Allstate in the first quarter valued at about $25,000. Private Wealth Management Group LLC purchased a new position in Allstate in the fourth quarter valued at about $25,000. Rise Advisors LLC acquired a new position in shares of Allstate in the first quarter worth $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Allstate in the first quarter worth $26,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s shares.

Analyst upgrades and downgrades

A number of brokerages have recently issued reports on ALL. Piper Sandler upped their target price on shares of Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Barclays started coverage on Allstate in a research report on Wednesday, September 4th. They set an “underweight” rating and a $175.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, TD Cowen boosted their target price on shares of Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Moderate Buy” and an average target price of $192.76, according to data from MarketBeat.

Check out the latest stock analysis on ALL

Insiders place their bets

In other news, insider Suren Gupta sold 45,775 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $177.28, for a total value of $8,114,992.00. Following the completion of the sale, the insider now directly owns 89,930 shares in the company, valued at $15,942,790.40. The sale was disclosed in a filing with the SEC, which is accessible via this link. In other Allstate news, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the transaction, the executive vice president now owns 4,873 shares of the company’s stock, valued at approximately $877,968.41. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Also, insider Suren Gupta sold 45,775 shares of Allstate stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $177.28, for a total value of $8,114,992.00. Following the completion of the sale, the insider now directly owns 89,930 shares of the company’s stock, valued at $15,942,790.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 201,938 shares of company stock worth $36,122,740. 1.80% of shares are currently held by corporate insiders.

Allstate trading down 0.2%

Shares of ALL stock opened at $185.36 on Monday. The stock has a market cap of $48.92 billion, a PE ratio of 40.92, a PEG ratio of 1.78 and a beta of 0.48. The stock has a 50-day simple moving average of $173.77 and a 200-day simple moving average of $168.24. Allstate Co. has a one year low of $105.85 and a one year high of $191.33. The company has a current ratio of 0.36, a quick ratio of 0.36, and a debt-to-equity ratio of 0.49.

Allstate (NYSE:ALL – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $1.28. The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The company’s quarterly revenue was up 12.4% year over year. During the same period last year, the firm posted EPS of ($4.42). On average, sell-side analysts anticipate that The Allstate Co. will post 15.14 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be given a $0.92 dividend. The ex-dividend date is Friday, August 30. This represents an annualized dividend of $3.68 and a yield of 1.99%. Allstate’s payout ratio is 81.24%.

About Allstate

(Free report)

Allstate Corporation, together with its subsidiaries, provides property and casualty insurance and other products in the United States and Canada. It operates in five segments: Allstate Protection; Protection services; Allstate Health and Benefits; Leakage property liability; and the Corporate and Other segments.

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Want to see what other hedge funds own ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for The Allstate Co. (NYSE:ALL – Free Report).

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