IFP Advisors Inc lessened its holdings in Allstate Corp (NYSE:ALL) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,686 shares of the insurance provider’s stock after selling 140 shares during the period. IFP Advisors Inc’s holdings in Allstate were worth $220,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the business. Ipswich Investment Management Co. Inc. bought a new stake in shares of Allstate during the fourth quarter valued at approximately $25,000. NuWave Investment Management LLC raised its holdings in Allstate by 870.8% in the fourth quarter. NuWave Investment Management LLC now owns 466 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 418 shares during the period. Gemmer Asset Management LLC raised its holdings in Allstate by 40.0% in the fourth quarter. Gemmer Asset Management LLC now owns 563 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 161 shares during the period. Adirondack Trust Co. raised its holdings in Allstate by 83.3% in the fourth quarter. Adirondack Trust Co. now owns 1,100 shares of the insurance provider’s stock worth $91,000 after purchasing an additional 500 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in Allstate in the third quarter worth $110,000. 77.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:ALL opened at $88.96 on Wednesday. Allstate Corp has a 12 month low of $77.00 and a 12 month high of $102.73. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.30. The firm has a market cap of $30.59 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.16 and a beta of 0.82.
Allstate (NYSE:ALL) last issued its quarterly earnings data on Tuesday, February 5th. The insurance provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.23. Allstate had a net margin of 9.38% and a return on equity of 15.48%. The business had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same period last year, the business posted $2.09 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Research analysts predict that Allstate Corp will post 7.88 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the stock. Citigroup set a $115.00 target price on shares of Allstate and gave the stock a “buy” rating in a report on Friday, October 12th. ValuEngine upgraded shares of Allstate from a “sell” rating to a “hold” rating in a report on Monday. Wells Fargo & Co set a $100.00 target price on shares of Allstate and gave the stock a “hold” rating in a report on Thursday, December 13th. Argus cut their target price on shares of Allstate from $115.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, November 28th. Finally, Zacks Investment Research upgraded shares of Allstate from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Tuesday, January 8th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $100.50.
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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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