The Allstate Corporation $ALL Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its holdings in shares of The Allstate Corporation (NYSE:ALL) by 47.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,416 shares of the insurance provider’s stock after selling 80,761 shares during the period. Nisa Investment Advisors LLC’s holdings in Allstate were worth $18,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group increased its position in Allstate by 3.2% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider’s stock valued at $338,000 after buying an additional 51 shares in the last quarter. Linscomb Wealth Inc. increased its position in Allstate by 1.3% during the 1st quarter. Linscomb Wealth Inc. now owns 4,079 shares of the insurance provider’s stock valued at $845,000 after buying an additional 54 shares in the last quarter. Ancora Advisors LLC increased its position in Allstate by 0.7% during the 1st quarter. Ancora Advisors LLC now owns 8,402 shares of the insurance provider’s stock valued at $1,740,000 after buying an additional 55 shares in the last quarter. Cooper Financial Group increased its position in Allstate by 5.5% during the 2nd quarter. Cooper Financial Group now owns 1,057 shares of the insurance provider’s stock valued at $213,000 after buying an additional 55 shares in the last quarter. Finally, Bank of Hawaii increased its position in 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 buying an additional 56 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Down 0.6%

Shares of ALL opened at $193.37 on Monday. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $215.70. 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 company has a market capitalization of $50.95 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 0.70 and a beta of 0.38. The stock’s 50-day moving average price is $204.27 and its 200-day moving average price is $201.14.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 EPS 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 prior year, the business earned $1.61 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts predict that The Allstate Corporation will post 18.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ALL shares. Cantor Fitzgerald upgraded Allstate to a “hold” rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods boosted their price target on Allstate from $237.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Jefferies Financial Group boosted their price target on Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a research note on Friday. Finally, Wall Street Zen upgraded Allstate from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $234.27.

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.