Voloridge Investment Management LLC acquired a new position in shares of Allstate Corp. (NYSE:ALL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 211,000 shares of the company’s stock, valued at approximately $14,759,000. Voloridge Investment Management LLC owned 0.06% of Allstate Corp. as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bridgeway Capital Management Inc. raised its position in Allstate Corp. by 7.8% in the second quarter. Bridgeway Capital Management Inc. now owns 536,447 shares of the company’s stock worth $37,524,000 after buying an additional 38,700 shares during the period. Appaloosa LP raised its position in Allstate Corp. by 4.5% in the second quarter. Appaloosa LP now owns 3,336,569 shares of the company’s stock worth $233,393,000 after buying an additional 143,054 shares during the period. Pacer Advisors Inc. raised its position in Allstate Corp. by 9.2% in the second quarter. Pacer Advisors Inc. now owns 7,741 shares of the company’s stock worth $541,000 after buying an additional 652 shares during the period. Paradigm Asset Management Co. LLC raised its position in Allstate Corp. by 5.4% in the second quarter. Paradigm Asset Management Co. LLC now owns 8,350 shares of the company’s stock worth $584,000 after buying an additional 426 shares during the period. Finally, Johnson Financial Group Inc. raised its position in Allstate Corp. by 73.5% in the second quarter. Johnson Financial Group Inc. now owns 5,725 shares of the company’s stock worth $401,000 after buying an additional 2,425 shares during the period. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Allstate Corp. (NYSE:ALL)

Allstate Corp. (NYSE:ALL) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $1.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.26. The firm earned $7.87 billion during the quarter, compared to analyst estimates of $8.35 billion. Allstate Corp. had a net margin of 4.25% and a return on equity of 9.16%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 EPS.

A number of research analysts have weighed in on the stock. Deutsche Bank AG reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Allstate Corp. in a research note on Thursday. JPMorgan Chase & Co. reissued a “buy” rating on shares of Allstate Corp. in a research report on Thursday, November 3rd. Zacks Investment Research lowered shares of Allstate Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 25th. Barclays PLC reissued an “overweight” rating and set a $79.00 price target (up from $74.00) on shares of Allstate Corp. in a research report on Friday, September 30th. Finally, Credit Suisse Group AG set a $73.00 price target on shares of Allstate Corp. and gave the company a “buy” rating in a research report on Monday, September 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 72.27 ($0.90).

Allstate Corp. Company Profile

The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business.

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