DekaBank Deutsche Girozentrale Grows Stock Position in The Allstate Corporation $ALL

DekaBank Deutsche Girozentrale boosted its position in The Allstate Corporation (NYSE:ALL) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,876 shares of the insurance provider’s stock after buying an additional 312 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.07% of Allstate worth $34,941,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Arlington Trust Co LLC boosted its holdings in shares of Allstate by 261.8% in the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 89 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in Allstate in the first quarter valued at about $28,000. Hilltop National Bank acquired a new stake in Allstate in the second quarter valued at about $34,000. Meeder Asset Management Inc. boosted its holdings in Allstate by 113.8% in the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 99 shares in the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new position in Allstate during the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Allstate stock opened at $193.79 on Wednesday. The firm has a market capitalization of $51.06 billion, a PE ratio of 9.11, a P/E/G ratio of 0.71 and a beta of 0.38. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $215.70. The firm’s 50-day simple moving average is $205.11 and its 200 day simple moving average is $200.84. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37.

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

Analysts Set New Price Targets

Several analysts have recently commented on the company. Cantor Fitzgerald raised Allstate to a “hold” rating in a report on Wednesday, August 13th. Wall Street Zen raised Allstate from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Jefferies Financial Group boosted their target price on shares of Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a report on Wednesday, October 8th. Finally, Roth Capital set a $230.00 price objective on shares of Allstate and gave the company a “buy” rating in a research note on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.60.

Allstate Company 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.