Trexquant Investment LP Invests $1.08 Million in The Allstate Co. (NYSE:ALL)

Trexquant Investment LP bought a new stake in shares of The Allstate Co. (NYSE:ALLFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,746 shares of the insurance provider’s stock, valued at approximately $1,084,000.

Other hedge funds have also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Allstate during the 3rd quarter valued at $25,000. Private Wealth Management Group LLC bought a new stake in shares of Allstate in the fourth quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Allstate in the fourth quarter worth about $36,000. Venturi Wealth Management LLC grew its holdings in Allstate by 152.7% during the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 168 shares in the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in Allstate during the 4th quarter valued at about $43,000. 76.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ALL has been the topic of a number of recent research reports. HSBC upgraded shares of Allstate from a “hold” rating to a “buy” rating and increased their price objective for the company from $158.00 to $190.00 in a research note on Thursday, March 28th. Roth Mkm lifted their price target on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 8th. StockNews.com upgraded Allstate from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 24th. Keefe, Bruyette & Woods lifted their target price on Allstate from $181.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company increased their price target on shares of Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $174.59.

View Our Latest Analysis on ALL

Insider Buying and Selling at Allstate

In other Allstate news, insider John E. Dugenske sold 31,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the sale, the insider now directly owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Allstate Price Performance

Shares of ALL opened at $163.50 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.36. The company’s fifty day moving average price is $169.15 and its 200-day moving average price is $156.21. The Allstate Co. has a 1-year low of $100.57 and a 1-year high of $177.37. The firm has a market capitalization of $43.15 billion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.51.

Allstate (NYSE:ALLGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The company had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. During the same quarter in the previous year, the firm posted ($1.30) EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts predict that The Allstate Co. will post 15.15 EPS for the current year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, May 31st will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, May 31st. Allstate’s dividend payout ratio is presently 81.24%.

Allstate Company Profile

(Free Report)

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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