Vestmark Advisory Solutions Inc. Makes New Investment in The Allstate Corporation $ALL

Vestmark Advisory Solutions Inc. bought a new stake in The Allstate Corporation (NYSE:ALL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,875 shares of the insurance provider’s stock, valued at approximately $1,988,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Atlas Capital Advisors Inc. boosted its position in Allstate by 197.3% during the first quarter. Atlas Capital Advisors Inc. now owns 6,712 shares of the insurance provider’s stock worth $1,390,000 after acquiring an additional 4,454 shares during the last quarter. Dock Street Asset Management Inc. purchased a new position in shares of Allstate during the 1st quarter worth $207,000. Commonwealth Retirement Investments LLC boosted its holdings in shares of Allstate by 103.5% during the second quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock worth $2,609,000 after purchasing an additional 6,590 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Allstate during the first quarter worth $22,405,000. Finally, Advisors Capital Management LLC purchased a new stake in shares of Allstate in the first quarter valued at $301,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Up 2.2%

Shares of NYSE ALL opened at $202.29 on Monday. The stock has a fifty day moving average price of $201.86 and a 200 day moving average price of $201.23. 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 Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $215.70. The company has a market cap of $52.94 billion, a P/E ratio of 9.51, a P/E/G ratio of 0.69 and a beta of 0.35.

Allstate (NYSE:ALL) last issued its 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 return on equity of 28.74% and a net margin of 8.79%.The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter in the prior year, the business earned $3.91 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. Research analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ALL has been the topic of several recent analyst reports. Wall Street Zen downgraded Allstate from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Evercore ISI set a $233.00 price objective on shares of Allstate and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Citigroup upgraded shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Roth Capital set a $230.00 price target on shares of Allstate and gave the stock a “buy” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $236.53.

Allstate Company 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.