47,528 Shares in The Allstate Corporation $ALL Bought by Vest Financial LLC

Vest Financial LLC acquired a new position in The Allstate Corporation (NYSE:ALL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 47,528 shares of the insurance provider’s stock, valued at approximately $9,568,000.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Allstate by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 32,800,086 shares of the insurance provider’s stock worth $6,791,914,000 after acquiring an additional 164,662 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Allstate by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock worth $2,424,710,000 after acquiring an additional 2,374,684 shares in the last quarter. GQG Partners LLC raised its position in shares of Allstate by 2.1% in the 1st quarter. GQG Partners LLC now owns 4,405,701 shares of the insurance provider’s stock worth $912,288,000 after acquiring an additional 89,185 shares in the last quarter. Boston Partners raised its position in shares of Allstate by 613.9% in the 1st quarter. Boston Partners now owns 2,482,654 shares of the insurance provider’s stock worth $512,627,000 after acquiring an additional 2,134,893 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Allstate by 27.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider’s stock worth $482,073,000 after acquiring an additional 497,982 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Keefe, Bruyette & Woods raised their target price on Allstate from $237.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Evercore ISI set a $233.00 target price on Allstate and gave the company an “in-line” rating in a research note on Wednesday, October 1st. UBS Group raised their target price on Allstate from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Jefferies Financial Group raised their target price on Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Finally, BMO Capital Markets raised their target price on Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.50.

Allstate Price Performance

ALL stock opened at $205.80 on Tuesday. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.70. The business has a 50-day simple moving average of $206.12 and a two-hundred day simple moving average of $201.01. The company has a market capitalization of $54.23 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 0.78 and a beta of 0.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $2.74. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The firm had revenue of $15.05 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter in the previous year, the business earned $1.61 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. Research analysts expect that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

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.