Beck Bode LLC Invests $759,000 in The Allstate Corporation $ALL

Beck Bode LLC purchased a new stake in The Allstate Corporation (NYSE:ALL) during the second quarter, according to its most recent filing with the SEC. The firm purchased 3,771 shares of the insurance provider’s stock, valued at approximately $759,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ALL. Arlington Trust Co LLC increased its stake 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 purchasing an additional 89 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Allstate by 315.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock valued at $33,000 after buying an additional 126 shares during the period. Hilltop National Bank bought a new stake in shares of Allstate in the 2nd quarter valued at $34,000. Chilton Capital Management LLC bought a new stake in shares of Allstate in the 2nd quarter valued at $38,000. Finally, Meeder Asset Management Inc. raised its stake in Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock worth $39,000 after buying an additional 99 shares during the period. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 1.7%

Shares of Allstate stock opened at $207.28 on Wednesday. The firm has a market cap of $54.24 billion, a PE ratio of 9.75, a P/E/G ratio of 0.69 and a beta of 0.35. The business’s 50 day simple moving average is $201.95 and its 200 day simple moving average is $201.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.70.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ALL. Citigroup raised Allstate to a “hold” rating in a research note on Wednesday, August 13th. Jefferies Financial Group lifted their price objective on Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a report on Monday, August 11th. Wolfe Research raised Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. Cantor Fitzgerald upgraded shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $246.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $237.13.

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.