Quotient Wealth Partners LLC Increases Position in The Allstate Corporation $ALL

Quotient Wealth Partners LLC lifted its holdings in The Allstate Corporation (NYSE:ALL) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,264 shares of the insurance provider’s stock after buying an additional 86 shares during the period. Quotient Wealth Partners LLC’s holdings in Allstate were worth $255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arlington Trust Co LLC boosted its stake in shares of Allstate by 261.8% in the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after buying an additional 89 shares during the last quarter. Hughes Financial Services LLC purchased a new position in shares of Allstate in the 1st quarter worth approximately $28,000. Hilltop National Bank purchased a new position in shares of Allstate in the 2nd quarter worth approximately $34,000. Meeder Asset Management Inc. boosted its stake 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 worth $39,000 after buying an additional 99 shares during the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of Allstate in the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of research reports. Citigroup raised shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Wolfe Research raised shares of Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. Wall Street Zen raised shares of Allstate from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of Allstate from $235.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Finally, Roth Capital set a $230.00 target price on shares of Allstate and gave the company a “buy” rating in a report on Friday, September 26th. 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 given a Sell rating to the stock. According to data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and a consensus price target of $234.60.

Allstate Trading Up 0.6%

Allstate stock opened at $195.96 on Monday. The stock has a market cap of $51.64 billion, a P/E ratio of 9.21, a PEG ratio of 0.72 and a beta of 0.38. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $215.70. The firm’s fifty day moving average price is $205.61 and its 200-day moving average price is $200.84. 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 released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, topping the consensus estimate of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The firm had revenue of $15.05 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. Equities research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

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.