Grantham Mayo Van Otterloo & Co. LLC Has $5.30 Million Holdings in The Allstate Corporation $ALL

Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of The Allstate Corporation (NYSE:ALL) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,332 shares of the insurance provider’s stock after acquiring an additional 1,778 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Allstate were worth $5,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Arlington Trust Co LLC lifted its holdings in shares of Allstate by 261.8% during the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 89 shares in the last quarter. Clearstead Trust LLC raised its holdings in Allstate by 3,800.0% during the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after buying an additional 152 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Allstate by 315.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock worth $33,000 after buying an additional 126 shares during the period. Hilltop National Bank bought a new position in Allstate in the second quarter valued at approximately $34,000. Finally, Chilton Capital Management LLC acquired a new position in shares of Allstate in the second quarter valued at approximately $38,000. 76.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Suren Gupta sold 21,871 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $215.21, for a total transaction of $4,706,857.91. Following the transaction, the insider directly owned 100,646 shares in the company, valued at approximately $21,660,025.66. The trade was a 17.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 24,271 shares of company stock worth $5,222,986 in the last 90 days. 1.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ALL shares. Raymond James Financial restated a “strong-buy” rating and set a $260.00 price objective (up from $250.00) on shares of Allstate in a report on Monday, August 4th. Roth Capital lifted their price target on Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup raised Allstate to a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen downgraded Allstate from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, BMO Capital Markets boosted their target price on Allstate from $235.00 to $244.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Allstate has an average rating of “Moderate Buy” and an average price target of $237.92.

Allstate Price Performance

NYSE:ALL opened at $213.39 on Friday. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.89. The company has a market cap of $55.84 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.69 and a beta of 0.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The stock’s 50-day simple moving average is $204.68 and its 200 day simple moving average is $202.43.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, beating the consensus estimate of $5.48 by $5.69. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.91 earnings per share. As a group, sell-side analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. Allstate’s dividend payout ratio (DPR) is currently 12.95%.

Allstate 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.