Harvest Fund Management Co. Ltd Purchases 1,831 Shares of The Allstate Co. (NYSE:ALL)

Harvest Fund Management Co. Ltd raised its position in shares of The Allstate Co. (NYSE:ALL) by 66.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,572 shares of the insurance provider’s stock after purchasing an additional 1,831 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Allstate were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ALL. BDF Gestion purchased a new stake in shares of Allstate during the second quarter worth $3,051,000. OFI Invest Asset Management purchased a new stake in shares of Allstate during the second quarter worth $476,000. Diversified Trust Co lifted its position in shares of Allstate by 505.3% during the second quarter. Diversified Trust Co now owns 7,923 shares of the insurance provider’s stock worth $1,265,000 after acquiring an additional 6,614 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Allstate by 351.6% during the first quarter. Cetera Investment Advisers now owns 65,221 shares of the insurance provider’s stock worth $11,284,000 after acquiring an additional 50,780 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Allstate by 3.3% during the second quarter. Hsbc Holdings PLC now owns 1,007,953 shares of the insurance provider’s stock worth $160,948,000 after acquiring an additional 31,789 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Allstate Stock Down 0.8 %

Shares of NYSE:ALL opened at $202.14 on Tuesday. The stock’s 50-day moving average price is $191.64 and its 200-day moving average price is $178.11. The Allstate Co. has a 12-month low of $134.17 and a 12-month high of $205.35. The stock has a market capitalization of $53.53 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 1.81 and a beta of 0.48. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the firm earned $0.81 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities analysts anticipate that The Allstate Co. will post 16.07 earnings per share for the current year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.82%. Allstate’s dividend payout ratio (DPR) is currently 23.83%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ALL shares. Piper Sandler increased their target price on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. TD Cowen increased their price objective on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Morgan Stanley increased their price objective on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Barclays increased their price objective on Allstate from $175.00 to $187.00 and gave the stock an “underweight” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets increased their price objective on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $214.19.

Insider Activity

In related news, insider John E. Dugenske sold 36,367 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the sale, the insider now directly owns 27,364 shares of the company’s stock, valued at $5,236,922.32. This trade represents a 57.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.80% of the company’s stock.

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.