Wilsey Asset Management Inc. raised its position in shares of Allstate Corp (NYSE:ALL) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,087 shares of the insurance provider’s stock after acquiring an additional 2,814 shares during the period. Allstate makes up 5.7% of Wilsey Asset Management Inc.’s portfolio, making the stock its 7th biggest holding. Wilsey Asset Management Inc.’s holdings in Allstate were worth $11,816,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Ipswich Investment Management Co. Inc. acquired a new position in shares of Allstate during the fourth quarter valued at about $25,000. We Are One Seven LLC acquired a new position in shares of Allstate during the fourth quarter valued at about $27,000. NuWave Investment Management LLC raised its position in shares of Allstate by 870.8% during the fourth quarter. NuWave Investment Management LLC now owns 466 shares of the insurance provider’s stock valued at $39,000 after buying an additional 418 shares during the last quarter. Gemmer Asset Management LLC raised its position in shares of Allstate by 40.0% during the fourth quarter. Gemmer Asset Management LLC now owns 563 shares of the insurance provider’s stock valued at $47,000 after buying an additional 161 shares during the last quarter. Finally, Adirondack Trust Co. raised its position in shares of Allstate by 83.3% during the fourth quarter. Adirondack Trust Co. now owns 1,100 shares of the insurance provider’s stock valued at $91,000 after buying an additional 500 shares during the last quarter. Institutional investors own 77.09% of the company’s stock.
NYSE:ALL traded up $2.58 during mid-day trading on Wednesday, hitting $91.54. The company’s stock had a trading volume of 80,394 shares, compared to its average volume of 2,354,355. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $31.17 billion, a PE ratio of 13.62, 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.
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, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.23. The firm had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.66 billion. Allstate had a net margin of 9.38% and a return on equity of 15.48%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 earnings per share. On average, research analysts expect that Allstate Corp will post 7.88 EPS for the current year.
A number of research analysts have recently commented on ALL shares. Citigroup cut their price objective on shares of Allstate from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Bank of America cut their price objective on shares of Allstate from $113.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Credit Suisse Group set a $112.00 price objective on shares of Allstate and gave the company a “buy” rating in a research report on Wednesday, November 14th. Argus cut their price objective on shares of Allstate from $115.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, November 28th. Finally, Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Tuesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Allstate 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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