JPMorgan Chase & Co. Has $194.59 Million Holdings in The Allstate Corporation $ALL
by Teresa Graham · The Cerbat GemJPMorgan Chase & Co. raised its position in shares of The Allstate Corporation (NYSE:ALL – Free Report) by 10.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 966,622 shares of the insurance provider’s stock after acquiring an additional 88,592 shares during the period. JPMorgan Chase & Co.’s holdings in Allstate were worth $194,591,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in ALL. Arlington Trust Co LLC lifted its holdings in shares of Allstate by 261.8% during the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after buying an additional 89 shares during the last quarter. Clearstead Trust LLC boosted its holdings in Allstate by 3,800.0% in the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 152 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Allstate by 315.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 126 shares during the last quarter. Hilltop National Bank bought a new position in shares of Allstate during the 2nd quarter worth about $34,000. Finally, Chilton Capital Management LLC acquired a new position in shares of Allstate during the second quarter valued at about $38,000. Institutional investors and hedge funds own 76.47% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Raymond James Financial reissued a “strong-buy” rating and set a $260.00 target price (up from $250.00) on shares of Allstate in a research report on Monday, August 4th. Cantor Fitzgerald upgraded Allstate to a “hold” rating in a research report on Wednesday, August 13th. Wolfe Research upgraded Allstate to a “strong-buy” rating in a research report on Tuesday, September 16th. JPMorgan Chase & Co. upped their target price on Allstate from $254.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, Barclays reiterated an “underweight” rating and set a $198.00 price target (up previously from $188.00) on shares of Allstate in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and a consensus target price of $237.15.
Get Our Latest Stock Analysis on Allstate
Insider Buying and Selling at Allstate
In other news, insider Suren Gupta sold 21,871 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider owned 100,646 shares of the company’s stock, valued at approximately $21,660,025.66. This trade represents a 17.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 23,671 shares of company stock worth $5,093,974 over the last three months. Company insiders own 1.70% of the company’s stock.
Allstate Stock Performance
Allstate stock opened at $212.76 on Wednesday. The firm has a market capitalization of $55.67 billion, a P/E ratio of 10.00, a P/E/G ratio of 0.69 and a beta of 0.35. The stock has a fifty day moving average price of $204.03 and a two-hundred day moving average price of $202.20. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43.
Allstate (NYSE:ALL – Get Free Report) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, topping the consensus estimate of $5.48 by $5.69. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.91 EPS. As a group, analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.
Allstate Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, December 1st. Allstate’s dividend payout ratio is currently 12.95%.
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.
See Also
- Five stocks we like better than Allstate
- What is a SEC Filing?
- Warner Bros. Sale Rumors Heat Up: What Investors Need to Know
- 3 Small Caps With Big Return Potential
- From Science Project to Solvent: WeRide’s 761% Revenue Surge
- Dividend Capture Strategy: What You Need to Know
- Will the S&P 500 Rally in December? These 3 Signals Point to a Big Move Ahead
Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Allstate Corporation (NYSE:ALL – Free Report).