Solstein Capital LLC Has $79,000 Stake in The Allstate Corporation $ALL

Solstein Capital LLC grew its stake in The Allstate Corporation (NYSE:ALL) by 28.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 394 shares of the insurance provider’s stock after buying an additional 88 shares during the period. Solstein Capital LLC’s holdings in Allstate were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Rehmann Capital Advisory Group grew its position in Allstate by 3.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider’s stock worth $338,000 after purchasing an additional 51 shares during the last quarter. Linscomb Wealth Inc. grew its position in Allstate by 1.3% in the 1st quarter. Linscomb Wealth Inc. now owns 4,079 shares of the insurance provider’s stock worth $845,000 after purchasing an additional 54 shares during the last quarter. Ancora Advisors LLC grew its position in Allstate by 0.7% in the 1st quarter. Ancora Advisors LLC now owns 8,402 shares of the insurance provider’s stock worth $1,740,000 after purchasing an additional 55 shares during the last quarter. Cooper Financial Group grew its position in Allstate by 5.5% in the 2nd quarter. Cooper Financial Group now owns 1,057 shares of the insurance provider’s stock worth $213,000 after purchasing an additional 55 shares during the last quarter. Finally, Bank of Hawaii boosted its position in shares of Allstate by 1.4% during the 1st quarter. Bank of Hawaii now owns 4,046 shares of the insurance provider’s stock valued at $838,000 after acquiring an additional 56 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Roth Capital set a $230.00 target price on shares of Allstate and gave the company a “buy” rating in a research report on Friday, September 26th. Keefe, Bruyette & Woods lifted their target price on shares of Allstate from $237.00 to $246.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their target price on shares of Allstate from $235.00 to $254.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Wells Fargo & Company decreased their target price on shares of Allstate from $200.00 to $197.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Morgan Stanley lifted their target price on shares of Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and a consensus target price of $234.27.

Allstate Trading Down 0.6%

Shares of ALL stock opened at $193.37 on Monday. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $215.70. The company has a market capitalization of $50.95 billion, a P/E ratio of 9.09, a P/E/G ratio of 0.70 and a beta of 0.38. The firm has a 50-day moving average price of $204.27 and a 200 day moving average price of $201.14. 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 quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $16.59 billion. During the same period last year, the firm posted $1.61 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. Research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

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.