The Allstate Corporation $ALL Position Decreased by Burney Co.

Burney Co. lowered its holdings in The Allstate Corporation (NYSE:ALL) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 32,402 shares of the insurance provider’s stock after selling 441 shares during the quarter. Burney Co.’s holdings in Allstate were worth $6,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALL. Arlington Trust Co LLC grew its position in Allstate by 261.8% in the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after buying an additional 89 shares during the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Allstate during the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Allstate by 315.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 126 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Allstate in the 2nd quarter worth $34,000. Finally, Chilton Capital Management LLC acquired a new position in shares of Allstate in the 2nd quarter worth $38,000. 76.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ALL has been the subject of several analyst reports. Wall Street Zen raised Allstate from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. BMO Capital Markets upped their price objective on shares of Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Morgan Stanley raised their target price on shares of Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. UBS Group boosted their price target on shares of Allstate from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their price target on shares of Allstate from $200.00 to $197.00 and set an “equal weight” rating for the company in a research report on Friday, October 24th. 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.27.

Allstate Trading Down 0.1%

NYSE:ALL opened at $191.71 on Monday. The stock has a market cap of $50.52 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 0.69 and a beta of 0.38. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $215.70. 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 stock’s 50-day moving average is $202.56 and its two-hundred day moving average is $201.12.

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.