Chicago Partners Investment Group LLC Boosts Stake in The Allstate Corporation $ALL

Chicago Partners Investment Group LLC raised its holdings in The Allstate Corporation (NYSE:ALL) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,565 shares of the insurance provider’s stock after buying an additional 183 shares during the period. Chicago Partners Investment Group LLC’s holdings in Allstate were worth $1,100,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new position in Allstate in the 2nd quarter valued at approximately $141,000. Gladwyn Financial Advisors Inc. purchased a new position in Allstate in the 2nd quarter valued at approximately $146,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Allstate in the 2nd quarter valued at approximately $13,951,000. Quotient Wealth Partners LLC boosted its position in Allstate by 7.3% in the 2nd quarter. Quotient Wealth Partners LLC now owns 1,264 shares of the insurance provider’s stock valued at $255,000 after buying an additional 86 shares during the period. Finally, Chevy Chase Trust Holdings LLC boosted its position in Allstate by 0.6% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 140,030 shares of the insurance provider’s stock valued at $28,189,000 after buying an additional 903 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of NYSE:ALL opened at $193.83 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market capitalization of $51.08 billion, a P/E ratio of 9.11, a P/E/G ratio of 0.72 and a beta of 0.38. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $215.70. The company’s fifty day moving average price is $205.36 and its 200 day moving average price is $200.89.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, beating analysts’ consensus estimates 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%. Allstate’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 earnings per share. As a group, sell-side analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays reissued an “underweight” rating and issued a $198.00 price target (up previously from $188.00) on shares of Allstate in a research report on Thursday, July 31st. BMO Capital Markets lifted their price objective on shares of Allstate from $230.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Finally, Citigroup raised shares of Allstate to a “hold” rating in a research report on Wednesday, August 13th. 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. Based on data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and a consensus price target of $234.60.

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.