The Allstate Corporation (NYSE:ALL) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 62 hedge fund portfolios held The Allstate Corporation (NYSE:ALL) at the end of the third quarter which was 61 in the previous quarter. The Allstate Corporation's (NYSE:ALL) reported $16.6 billion in total revenues in the third quarter represented a 14.7% increase over Q3 2023. While we acknowledge the potential of The Allstate Corporation (NYSE:ALL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.