GSA Capital Partners LLP Has $391,000 Holdings in The Allstate Co. (NYSE:ALL)

GSA Capital Partners LLP trimmed its stake in shares of The Allstate Co. (NYSE:ALL) by 88.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,063 shares of the insurance provider’s stock after selling 15,859 shares during the period. GSA Capital Partners LLP’s holdings in Allstate were worth $391,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ALL. Northwest Investment Counselors LLC bought a new stake in Allstate during the third quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new position in Allstate in the 3rd quarter worth about $29,000. Versant Capital Management Inc increased its holdings in 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 period. Family Firm Inc. bought a new stake in shares of Allstate in the 2nd quarter valued at $38,000. Finally, MCF Advisors LLC grew its position in shares of Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after buying an additional 84 shares during the period. 76.47% of the stock is owned by institutional investors.

Insider Activity

In other Allstate news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the sale, the insider now owns 27,364 shares of the company’s stock, valued at $5,236,922.32. The trade was a 57.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

ALL has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. TD Cowen lifted their price objective on shares of Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. UBS Group boosted their target price on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. BMO Capital Markets raised their price target on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Raymond James boosted their price objective on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $214.19.

Allstate Price Performance

ALL opened at $203.11 on Friday. The firm has a 50-day moving average price of $191.10 and a 200-day moving average price of $177.54. The Allstate Co. has a twelve month low of $134.17 and a twelve month high of $203.54. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $53.78 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 1.75 and a beta of 0.48.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. Equities analysts expect that The Allstate Co. will post 16.01 EPS for the current year.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, November 29th. Allstate’s payout ratio is 23.83%.

Allstate Company Profile

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.