GSA Capital Partners LLP Grows Holdings in The Allstate Corporation $ALL

GSA Capital Partners LLP lifted its holdings in The Allstate Corporation (NYSE:ALL) by 200.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,908 shares of the insurance provider’s stock after acquiring an additional 11,287 shares during the quarter. Allstate makes up approximately 0.3% of GSA Capital Partners LLP’s investment portfolio, making the stock its 13th biggest position. GSA Capital Partners LLP’s holdings in Allstate were worth $3,519,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Navalign LLC purchased a new stake in shares of Allstate in the 4th quarter worth about $27,000. Dorato Capital Management purchased a new stake in shares of Allstate in the 4th quarter worth about $27,000. Palisade Asset Management LLC purchased a new stake in shares of Allstate in the 3rd quarter worth about $31,000. Princeton Global Asset Management LLC grew its position in shares of Allstate by 101.3% in the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock worth $31,000 after buying an additional 76 shares during the period. Finally, South Plains Financial Inc. grew its position in shares of Allstate by 41.5% in the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after buying an additional 49 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allstate

In other news, COO Mario Rizzo sold 18,578 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $218.80, for a total value of $4,064,866.40. Following the transaction, the chief operating officer owned 82,227 shares in the company, valued at $17,991,267.60. This represents a 18.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.55% of the stock is owned by company insiders.

Allstate Price Performance

ALL opened at $221.26 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $56.96 billion, a P/E ratio of 4.88, a P/E/G ratio of 0.39 and a beta of 0.21. The company’s 50-day simple moving average is $211.38 and its two-hundred day simple moving average is $207.38. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $222.69.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ALL. Weiss Ratings raised shares of Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, March 23rd. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $260.00 to $266.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Barclays upped their target price on shares of Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 8th. Wells Fargo & Company upped their price target on shares of Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Piper Sandler upped their price target on shares of Allstate from $252.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $241.67.

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.