Resonant Capital Advisors LLC Has $434,000 Stock Position in The Allstate Corporation $ALL

Resonant Capital Advisors LLC raised its holdings in shares of The Allstate Corporation (NYSE:ALL) by 10.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,146 shares of the insurance provider’s stock after buying an additional 205 shares during the period. Resonant Capital Advisors LLC’s holdings in Allstate were worth $434,000 as of its most recent SEC filing.

A number of 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 valued at $25,000 after purchasing an additional 89 shares in the last quarter. Hughes Financial Services LLC bought a new stake in Allstate during the 1st quarter worth about $28,000. Caitong International Asset Management Co. Ltd lifted its position in 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 buying an additional 126 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Allstate during the 2nd quarter worth about $34,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Allstate by 113.8% in the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Down 0.1%

ALL opened at $192.99 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $203.99 and its 200 day simple moving average is $201.13. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $215.70. The stock has a market cap of $50.85 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 0.70 and a beta of 0.38.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, beating the consensus estimate of $3.20 by $2.74. The company had revenue of $15.05 billion for 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 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 earnings per share. As a group, research analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on ALL shares. Evercore ISI set a $233.00 target price on Allstate and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Keefe, Bruyette & Woods upped their price objective on Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Allstate in a report on Wednesday, October 8th. Citigroup upgraded shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Finally, Morgan Stanley upped their price target on shares of Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two equities research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.