180 Wealth Advisors LLC Has $1.52 Million Holdings in The Allstate Corporation $ALL

180 Wealth Advisors LLC trimmed its holdings in shares of The Allstate Corporation (NYSE:ALL) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,538 shares of the insurance provider’s stock after selling 101 shares during the period. 180 Wealth Advisors LLC’s holdings in Allstate were worth $1,517,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Arlington Trust Co LLC lifted its holdings in 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 buying an additional 89 shares during the period. Hughes Financial Services LLC acquired a new position in Allstate in the first quarter valued at approximately $28,000. Hilltop National Bank acquired a new position in Allstate during the second quarter valued at approximately $34,000. Meeder Asset Management Inc. grew its holdings in Allstate by 113.8% during the first 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 during the period. Finally, McClarren Financial Advisors Inc. acquired a new position in Allstate during the first quarter valued at approximately $43,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Down 0.2%

Allstate stock opened at $194.46 on Friday. The stock has a market cap of $51.24 billion, a P/E ratio of 9.14, a P/E/G ratio of 0.71 and a beta of 0.38. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $215.70. The company’s 50-day moving average price is $204.54 and its two-hundred day moving average price is $200.89.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, beating 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 firm had revenue of $15.05 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the prior year, the firm earned $1.61 EPS. The business’s revenue was up 5.8% on a year-over-year basis. As a group, analysts expect that The Allstate Corporation will post 18.74 EPS for the current year.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a report on Wednesday, October 8th. BMO Capital Markets boosted their price objective on shares of Allstate from $230.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Keefe, Bruyette & Woods boosted their price objective on shares of Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Roth Capital set a $230.00 price target on shares of Allstate and gave the stock a “buy” rating in a research report on Friday, September 26th. Finally, Citigroup raised shares of Allstate to a “hold” rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.60.

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.