<div id="readability-page-1"><p>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.</p><ul><li>3 Sector ETFs Catching Fire After Earnings Beats</li></ul><p>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. </p><h2>Allstate Stock Performance</h2><p>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. </p><ul><li>6 Stocks Poised to Benefit From a Trade War in Unexpected Ways</li></ul><p>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. </p><h2>Allstate Dividend Announcement</h2><p>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%. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Ally Financial: The Tugboat of Auto Finance Keeps Gaining Steam</li></ul><p>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 &#34;buy&#34; 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 &#34;buy&#34; rating in a research report on Wednesday, July 9th. Wells Fargo &amp; Company  set a $202.00 price objective on Allstate and gave the stock an &#34;equal weight&#34; 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 &#34;outperform&#34; rating in a research report on Wednesday, August 20th. Finally, Raymond James Financial  reiterated a &#34;strong-buy&#34; 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 &#34;Moderate Buy&#34; and an average price target of $231.21.</p><p><b>Get Our Latest Research Report on Allstate</b></p><h2>About Allstate</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Allstate</li><li>3 Fintech Stocks With Good 2021 Prospects</li><li>Back-to-School Shopping Hits $40B: 3 Retail Stocks to Watch Now</li><li>Election Stocks: How Elections Affect the Stock Market</li><li>Alphabet Stock Surges After Dodging Harsh Antitrust Remedies</li><li>Should You Invest in Penny Stocks?</li><li>Why Qualcomm Is Outperforming NVIDIA After Months of Lagging</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFMTA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFMTA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Allstate Right Now?</h2><p>Before you consider Allstate, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allstate wasn't on the list.</p><p>While Allstate currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>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.</p>

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