Pullen Investment Management LLC Sells 61 Shares of The Allstate Corporation $ALL

Pullen Investment Management LLC reduced its position in The Allstate Corporation (NYSE:ALL) by 0.6% in the 2nd quarter, Holdings Channel reports. The firm owned 10,788 shares of the insurance provider’s stock after selling 61 shares during the quarter. Allstate comprises approximately 1.3% of Pullen Investment Management LLC’s investment portfolio, making the stock its 17th biggest position. Pullen Investment Management LLC’s holdings in Allstate were worth $2,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arlington Trust Co LLC lifted its position in Allstate by 261.8% in the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 89 shares during the period. Hughes Financial Services LLC bought a new position in Allstate in the first quarter worth $28,000. Caitong International Asset Management Co. Ltd lifted its position in Allstate by 315.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 126 shares during the period. Hilltop National Bank acquired a new position in Allstate during the second quarter worth $34,000. Finally, Meeder Asset Management Inc. raised its stake in Allstate by 113.8% during the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 99 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Allstate Stock Performance

Shares of NYSE:ALL opened at $193.37 on Friday. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $215.70. The firm has a market cap of $50.95 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.70 and a beta of 0.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The business has a fifty day moving average of $204.27 and a 200-day moving average of $201.08.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $2.74. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The company had revenue of $15.05 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same period last year, the company posted $1.61 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Analyst Ratings Changes

ALL has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a research note on Friday. JPMorgan Chase & Co. increased their price objective on Allstate from $235.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Wells Fargo & Company dropped their price objective on Allstate from $200.00 to $197.00 and set an “equal weight” rating for the company in a research note on Friday. Barclays reiterated an “underweight” rating and set a $198.00 price objective (up from $188.00) on shares of Allstate in a research note on Thursday, July 31st. Finally, BMO Capital Markets increased their price objective on Allstate from $230.00 to $235.00 and gave the stock 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 company. According to MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.27.

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.