Adage Capital Partners GP L.L.C. Has $37.65 Million Stock Holdings in The Allstate Corporation $ALL

Market Beat
2025.09.06 10:32
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Adage Capital Partners GP L.L.C. reduced its stake in The Allstate Corporation by 38.9% in Q1, holding 181,819 shares valued at approximately $37.65 million. Other hedge funds, including Price T Rowe Associates and Boston Partners, increased their holdings significantly. Allstate's stock opened at $204.37, with a market cap of $53.85 billion. The company reported $5.94 EPS for the last quarter, exceeding estimates, and announced a quarterly dividend of $1.00, yielding 2.0%. Analysts have set price targets ranging from $202 to $255, with several maintaining a "buy" rating.

Adage Capital Partners GP L.L.C. decreased its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 38.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,819 shares of the insurance provider's stock after selling 115,600 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.07% of Allstate worth $37,649,000 at the end of the most recent reporting period.

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Several other hedge funds have also added to or reduced their stakes in ALL. Price T Rowe Associates Inc. MD lifted its holdings in Allstate by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider's stock valued at $2,424,710,000 after purchasing an additional 2,374,684 shares during the last quarter. Boston Partners lifted its holdings in Allstate by 613.9% during the 1st quarter. Boston Partners now owns 2,482,654 shares of the insurance provider's stock valued at $512,627,000 after purchasing an additional 2,134,893 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Allstate by 25,026.1% during the 1st quarter. GAMMA Investing LLC now owns 1,273,895 shares of the insurance provider's stock valued at $263,785,000 after purchasing an additional 1,268,825 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Allstate by 261.6% during the 4th quarter. Mackenzie Financial Corp now owns 832,902 shares of the insurance provider's stock valued at $160,575,000 after purchasing an additional 602,533 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Allstate by 27.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider's stock valued at $482,073,000 after purchasing an additional 497,982 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Allstate Stock Performance

Allstate stock opened at $204.37 on Thursday. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $214.76. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The business's 50-day moving average price is $200.32 and its two-hundred day moving average price is $199.74. The stock has a market cap of $53.85 billion, a PE ratio of 9.61, a P/E/G ratio of 0.82 and a beta of 0.37.

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Allstate (NYSE:ALL - Get Free Report) last released its earnings results 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 return on equity of 28.74% and a net margin of 8.79%.The firm had revenue of $15.05 billion for the quarter, compared to analysts' expectations of $16.59 billion. During the same quarter in the previous year, the business posted $1.61 earnings per share. The business's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, August 29th. Allstate's payout ratio is currently 18.81%.

Wall Street Analyst Weigh In

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Several research analysts have weighed in on the company. Jefferies Financial Group increased their price objective on Allstate from $254.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. UBS Group increased their price objective on Allstate from $230.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Wells Fargo & Company set a $202.00 price objective on Allstate and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. BMO Capital Markets increased their price objective on Allstate from $230.00 to $235.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $260.00 price objective (up previously from $250.00) on shares of Allstate in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Allstate presently has an average rating of "Moderate Buy" and an average price target of $231.21.

Get Our Latest Research Report on Allstate

About Allstate

(Free Report)

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.

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