Andra AP fonden Reduces Position in The Allstate Corporation $ALL

Andra AP fonden decreased its holdings in The Allstate Corporation (NYSE:ALL) by 50.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,300 shares of the insurance provider’s stock after selling 25,000 shares during the quarter. Andra AP fonden’s holdings in Allstate were worth $4,892,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Atlas Capital Advisors Inc. boosted its holdings in Allstate by 197.3% in the 1st quarter. Atlas Capital Advisors Inc. now owns 6,712 shares of the insurance provider’s stock worth $1,390,000 after buying an additional 4,454 shares during the period. Dock Street Asset Management Inc. bought a new position in shares of Allstate in the first quarter worth about $207,000. Commonwealth Retirement Investments LLC raised its stake in Allstate by 103.5% during the 2nd quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock valued at $2,609,000 after purchasing an additional 6,590 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in Allstate in the 1st quarter worth approximately $22,405,000. Finally, Advisors Capital Management LLC bought a new position in Allstate in the 1st quarter worth approximately $301,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ALL has been the topic of several research analyst reports. Jefferies Financial Group boosted their target price on shares of Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Evercore ISI set a $233.00 price target on shares of Allstate and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Morgan Stanley increased their price objective on shares of Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Keefe, Bruyette & Woods boosted their target price on Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Finally, Wells Fargo & Company raised their price target on Allstate from $202.00 to $216.00 and gave the company an “equal weight” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.53.

Allstate Trading Up 2.2%

ALL opened at $202.29 on Friday. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $215.70. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average of $201.86 and a 200 day moving average of $201.14. The firm has a market cap of $53.30 billion, a P/E ratio of 9.51, a P/E/G ratio of 0.69 and a beta of 0.35.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.48 by $5.69. The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company earned $3.91 EPS. As a group, research analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate 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.