Quotient Wealth Partners LLC Increases Position in The Allstate Corporation $ALL

Quotient Wealth Partners LLC increased its stake in The Allstate Corporation (NYSE:ALL) by 7.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,264 shares of the insurance provider’s stock after acquiring an additional 86 shares during the period. Quotient Wealth Partners LLC’s holdings in Allstate were worth $255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC grew its stake in shares of Allstate by 30.3% during the first quarter. Sequoia Financial Advisors LLC now owns 11,361 shares of the insurance provider’s stock valued at $2,352,000 after buying an additional 2,643 shares during the last quarter. Atlas Capital Advisors Inc. grew its stake in shares of Allstate by 197.3% during the first quarter. Atlas Capital Advisors Inc. now owns 6,712 shares of the insurance provider’s stock valued at $1,390,000 after buying an additional 4,454 shares during the last quarter. Richard Bernstein Advisors LLC bought a new position in shares of Allstate during the first quarter valued at about $3,341,000. Dock Street Asset Management Inc. bought a new position in shares of Allstate during the first quarter valued at about $207,000. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Allstate during the first quarter valued at about $22,405,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ALL. UBS Group raised their price objective on Allstate from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Wolfe Research raised Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. Raymond James Financial reiterated a “strong-buy” rating and set a $260.00 target price (up from $250.00) on shares of Allstate in a report on Monday, August 4th. Cantor Fitzgerald upgraded shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of Allstate from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and an average price target of $234.60.

Allstate Stock Performance

Shares of ALL opened at $195.96 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The Allstate Corporation has a one year low of $176.00 and a one year high of $215.70. The company has a 50-day simple moving average of $205.61 and a two-hundred day simple moving average of $200.84. The firm has a market capitalization of $51.64 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 0.72 and a beta of 0.38.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, topping the consensus estimate of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business had revenue of $15.05 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same period last year, the business posted $1.61 earnings per share. Allstate’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Profile

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.