Savant Capital LLC Purchases 6,978 Shares of The Allstate Corporation $ALL

Savant Capital LLC boosted its position in shares of The Allstate Corporation (NYSE:ALL) by 24.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,829 shares of the insurance provider’s stock after acquiring an additional 6,978 shares during the period. Savant Capital LLC’s holdings in Allstate were worth $7,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rehmann Capital Advisory Group grew its position in shares of 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 purchasing an additional 51 shares in the last quarter. Linscomb Wealth Inc. boosted its stake in Allstate by 1.3% during the first 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 during the period. Ancora Advisors LLC grew its position in Allstate by 0.7% during the first quarter. Ancora Advisors LLC now owns 8,402 shares of the insurance provider’s stock worth $1,740,000 after buying an additional 55 shares in the last quarter. Cooper Financial Group increased its stake 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 acquiring an additional 55 shares during the last quarter. Finally, Bank of Hawaii raised its holdings in shares of Allstate by 1.4% in 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. Institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ALL. Citigroup raised Allstate to a “hold” rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods boosted their price target on shares of Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Evercore ISI set a $233.00 price objective on shares of Allstate and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Barclays reiterated an “underweight” rating and issued a $198.00 target price (up from $188.00) on shares of Allstate in a research report on Thursday, July 31st. Finally, Wells Fargo & Company increased their target price on Allstate from $202.00 to $216.00 and gave the company an “equal weight” rating in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average price target of $236.53.

Allstate Price Performance

ALL stock opened at $202.29 on Friday. The firm has a market cap of $53.30 billion, a P/E ratio of 9.51, a P/E/G ratio of 0.69 and a beta of 0.35. The firm’s fifty day moving average is $201.86 and its 200 day moving average is $201.14. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $215.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.48 by $5.69. The business had revenue of $17.26 billion during the quarter, compared to analyst estimates of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.91 earnings per share. Research analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current year.

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.