Balasa Dinverno & Foltz LLC Reduces Holdings in Allstate Corp (ALL)

Balasa Dinverno & Foltz LLC lessened its stake in Allstate Corp (NYSE:ALL) by 3.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,858 shares of the insurance provider’s stock after selling 433 shares during the quarter. Balasa Dinverno & Foltz LLC’s holdings in Allstate were worth $897,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Adviser Investments LLC boosted its stake in shares of Allstate by 5.0% in the 4th quarter. Adviser Investments LLC now owns 2,447 shares of the insurance provider’s stock valued at $202,000 after buying an additional 117 shares during the period. Flagship Harbor Advisors LLC boosted its stake in shares of Allstate by 3.7% in the 4th quarter. Flagship Harbor Advisors LLC now owns 3,799 shares of the insurance provider’s stock valued at $313,000 after buying an additional 137 shares during the period. Pflug Koory LLC boosted its stake in shares of Allstate by 1.4% in the 4th quarter. Pflug Koory LLC now owns 10,840 shares of the insurance provider’s stock valued at $896,000 after buying an additional 145 shares during the period. CAPROCK Group Inc. boosted its stake in shares of Allstate by 3.1% in the 4th quarter. CAPROCK Group Inc. now owns 5,024 shares of the insurance provider’s stock valued at $417,000 after buying an additional 152 shares during the period. Finally, Legacy Financial Advisors Inc. boosted its stake in shares of Allstate by 4.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 3,483 shares of the insurance provider’s stock valued at $288,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 77.09% of the company’s stock.

ALL stock opened at $88.96 on Wednesday. The company has a market cap of $30.59 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.82. Allstate Corp has a fifty-two week low of $77.00 and a fifty-two week high of $102.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.26 and a quick ratio of 0.26.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Tuesday, February 5th. The insurance provider reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.23. Allstate had a return on equity of 15.48% and a net margin of 9.38%. The company had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.66 billion. During the same quarter in the previous year, the business earned $2.09 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Allstate Corp will post 7.88 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on ALL shares. Wells Fargo & Co set a $100.00 target price on Allstate and gave the stock a “hold” rating in a research note on Thursday, October 18th. Citigroup set a $115.00 target price on Allstate and gave the stock a “buy” rating in a research note on Friday, October 12th. Morgan Stanley decreased their target price on Allstate from $105.00 to $102.00 and set a “hold” rating for the company in a research note on Wednesday, November 14th. Bank of America decreased their target price on Allstate from $113.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Finally, ValuEngine cut Allstate from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $100.50.

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Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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