Harvest Fund Management Co. Ltd Has $1.22 Million Position in The Allstate Corporation (NYSE:ALL)

Harvest Fund Management Co. Ltd raised its position in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 29.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,905 shares of the insurance provider's stock after acquiring an additional 1,333 shares during the period. Harvest Fund Management Co. Ltd's holdings in Allstate were worth $1,223,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new stake in Allstate during the first quarter valued at about $2,378,000. GSA Capital Partners LLP bought a new stake in shares of Allstate in the first quarter valued at about $2,412,000. Federated Hermes Inc. lifted its stake in shares of Allstate by 14.9% in the first quarter. Federated Hermes Inc. now owns 305,246 shares of the insurance provider's stock valued at $63,207,000 after buying an additional 39,479 shares during the period. N.E.W. Advisory Services LLC lifted its stake in shares of Allstate by 29.6% in the first quarter. N.E.W. Advisory Services LLC now owns 2,007 shares of the insurance provider's stock valued at $416,000 after buying an additional 458 shares during the period. Finally, Meeder Asset Management Inc. lifted its stake in shares of Allstate by 113.8% in the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock valued at $39,000 after buying an additional 99 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Allstate Trading Down 0.8%

ALL stock traded down $1.61 during midday trading on Wednesday, reaching $192.29. The company's stock had a trading volume of 1,891,513 shares, compared to its average volume of 1,422,405. The Allstate Corporation has a 52 week low of $168.36 and a 52 week high of $213.18. The stock has a market cap of $50.92 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 1.01 and a beta of 0.33. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.40. The business's 50-day simple moving average is $198.69 and its 200-day simple moving average is $197.01.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.20 by $2.74. Allstate had a net margin of 6.19% and a return on equity of 24.62%. During the same period in the previous year, the firm earned $1.61 EPS. The company's revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts expect that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.08%. Allstate's dividend payout ratio is 27.32%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ALL shares. Morgan Stanley increased their price target on shares of Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. BMO Capital Markets reissued an "outperform" rating on shares of Allstate in a research report on Friday, May 16th. Evercore ISI increased their price target on shares of Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Wall Street Zen lowered shares of Allstate from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Allstate from $235.00 to $237.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $227.07.

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.