Ellevest Inc. Sells 285 Shares of The Allstate Corporation $ALL

Ellevest Inc. cut its holdings in The Allstate Corporation (NYSE:ALL) by 14.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,689 shares of the insurance provider’s stock after selling 285 shares during the period. Ellevest Inc.’s holdings in Allstate were worth $340,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ALL. Commonwealth Retirement Investments LLC lifted its position in shares of Allstate by 103.5% in the second quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock worth $2,609,000 after buying an additional 6,590 shares during the last quarter. Homestead Advisers Corp raised its stake in shares of Allstate by 0.3% in the 2nd quarter. Homestead Advisers Corp now owns 351,798 shares of the insurance provider’s stock valued at $70,820,000 after acquiring an additional 1,200 shares in the last quarter. HFG Advisors Inc. acquired a new stake in Allstate in the 2nd quarter worth approximately $250,000. Elyxium Wealth LLC boosted its position in Allstate by 61.6% during the second quarter. Elyxium Wealth LLC now owns 1,765 shares of the insurance provider’s stock worth $355,000 after purchasing an additional 673 shares during the period. Finally, Bryce Point Capital LLC grew its holdings in Allstate by 25.9% during the second quarter. Bryce Point Capital LLC now owns 4,023 shares of the insurance provider’s stock valued at $810,000 after purchasing an additional 828 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Up 1.6%

NYSE ALL opened at $197.91 on Friday. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $215.70. The stock has a market cap of $52.15 billion, a PE ratio of 9.30, a PEG ratio of 0.69 and a beta of 0.35. The firm has a 50-day simple moving average of $201.89 and a 200 day simple moving average of $201.03. 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 EPS for the quarter, beating the consensus estimate of $5.48 by $5.69. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the prior year, the firm posted $3.91 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, research analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup upgraded shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. Jefferies Financial Group upped their price target on shares of Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a report on Monday, August 11th. UBS Group raised their price target on Allstate from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Barclays reissued an “underweight” rating and set a $198.00 price objective (up previously from $188.00) on shares of Allstate in a research report on Thursday, July 31st. Finally, BMO Capital Markets increased their target price on Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Two investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $234.67.

About Allstate

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.