Wilsey Asset Management Inc. boosted its position in The Allstate Co. (NYSE:ALL) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,396 shares of the insurance provider’s stock after purchasing an additional 2,899 shares during the period. The Allstate accounts for about 6.5% of Wilsey Asset Management Inc.’s portfolio, making the stock its 5th biggest holding. Wilsey Asset Management Inc.’s holdings in The Allstate were worth $14,911,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Trillium Asset Management LLC acquired a new stake in shares of The Allstate in the second quarter valued at about $250,000. The Manufacturers Life Insurance Company increased its stake in shares of The Allstate by 31.5% in the first quarter. The Manufacturers Life Insurance Company now owns 346,905 shares of the insurance provider’s stock valued at $31,821,000 after buying an additional 83,161 shares during the period. Canandaigua National Corp acquired a new stake in shares of The Allstate in the second quarter valued at about $858,000. State of Alaska Department of Revenue increased its stake in shares of The Allstate by 9.1% in the second quarter. State of Alaska Department of Revenue now owns 117,482 shares of the insurance provider’s stock valued at $11,393,000 after buying an additional 9,783 shares during the period. Finally, Sei Investments Co. increased its stake in shares of The Allstate by 4.7% in the second quarter. Sei Investments Co. now owns 176,138 shares of the insurance provider’s stock valued at $17,092,000 after buying an additional 7,865 shares during the period. 76.26% of the stock is owned by institutional investors and hedge funds.
ALL has been the subject of several recent research reports. Wells Fargo & Company reissued a “hold” rating on shares of The Allstate in a research note on Monday, October 5th. ValuEngine raised The Allstate from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st. Keefe, Bruyette & Woods raised The Allstate from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $107.00 to $108.00 in a research note on Tuesday, September 22nd. Credit Suisse Group reaffirmed a “hold” rating on shares of The Allstate in a research note on Thursday, July 9th. Finally, Zacks Investment Research cut The Allstate from a “buy” rating to a “hold” rating and set a $96.00 target price for the company. in a research note on Monday, September 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $113.08.
NYSE:ALL traded up $0.87 on Friday, hitting $92.58. The stock had a trading volume of 3,520,974 shares, compared to its average volume of 2,100,702. The business’s fifty day moving average is $92.94 and its 200 day moving average is $95.36. The company has a market cap of $28.91 billion, a PE ratio of 6.93, a P/E/G ratio of 1.13 and a beta of 0.72. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.27. The Allstate Co. has a 52 week low of $64.13 and a 52 week high of $125.92.
The Allstate (NYSE:ALL) last announced its quarterly earnings results on Tuesday, August 4th. The insurance provider reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $1.05. The business had revenue of $9.22 billion for the quarter, compared to analyst estimates of $9.37 billion. The Allstate had a return on equity of 17.25% and a net margin of 10.28%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.18 earnings per share. Equities analysts predict that The Allstate Co. will post 10.91 earnings per share for the current fiscal year.
The Allstate Company Profile
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; liability insurance products; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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