Alberta Investment Management Corp Sells 1,000 Shares of The Allstate Corporation $ALL

Alberta Investment Management Corp lessened its position in shares of The Allstate Corporation (NYSE:ALL) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,600 shares of the insurance provider’s stock after selling 1,000 shares during the quarter. Alberta Investment Management Corp’s holdings in Allstate were worth $4,550,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Arlington Trust Co LLC boosted its stake in shares of Allstate by 261.8% during the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 89 shares during the period. Clearstead Trust LLC increased its holdings in Allstate by 3,800.0% during the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 152 shares during the period. Caitong International Asset Management Co. Ltd raised its position in Allstate by 315.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 126 shares in the last quarter. Hilltop National Bank purchased a new stake in Allstate in the second quarter worth about $34,000. Finally, Meeder Asset Management Inc. grew its holdings in Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

ALL opened at $214.25 on Monday. The firm’s fifty day simple moving average is $202.35 and its two-hundred day simple moving average is $201.69. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.70. The company has a market cap of $56.06 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 0.69 and a beta of 0.35. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37.

Allstate (NYSE:ALL) last announced 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. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the prior year, the company earned $3.91 EPS. Allstate’s revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on ALL. Roth Capital set a $230.00 target price on Allstate and gave the stock a “buy” rating in a report on Friday, September 26th. Wall Street Zen downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Allstate in a research report on Wednesday, October 8th. Raymond James Financial restated a “strong-buy” rating and set a $260.00 target price (up from $250.00) on shares of Allstate in a research note on Monday, August 4th. Finally, Keefe, Bruyette & Woods increased their price target on Allstate from $246.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $237.64.

About Allstate

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.