The Allstate Corporation $ALL Holdings Raised by Solstein Capital LLC

Solstein Capital LLC boosted its stake in The Allstate Corporation (NYSE:ALL) by 28.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 394 shares of the insurance provider’s stock after buying an additional 88 shares during the quarter. Solstein Capital LLC’s holdings in Allstate were worth $79,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in Allstate by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 257,473 shares of the insurance provider’s stock worth $51,832,000 after buying an additional 9,544 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in Allstate in the 2nd quarter worth approximately $38,000. Resonant Capital Advisors LLC lifted its position in Allstate by 10.6% in the 2nd quarter. Resonant Capital Advisors LLC now owns 2,146 shares of the insurance provider’s stock worth $434,000 after buying an additional 205 shares in the last quarter. New Hampshire Trust lifted its position in Allstate by 4.7% in the 2nd quarter. New Hampshire Trust now owns 3,112 shares of the insurance provider’s stock worth $626,000 after buying an additional 140 shares in the last quarter. Finally, Brighton Jones LLC lifted its position in Allstate by 19.3% in the 2nd quarter. Brighton Jones LLC now owns 7,930 shares of the insurance provider’s stock worth $1,596,000 after buying an additional 1,284 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

NYSE:ALL opened at $193.37 on Monday. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.70. The firm’s fifty day simple moving average is $204.27 and its 200 day simple moving average is $201.14. 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 firm has a market capitalization of $50.95 billion, a PE ratio of 9.09, a PEG ratio of 0.70 and a beta of 0.38.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wolfe Research upgraded shares of Allstate to a “strong-buy” rating in a research report on Tuesday, September 16th. Barclays restated an “underweight” rating and set a $198.00 price target (up previously from $188.00) on shares of Allstate in a report on Thursday, July 31st. Wall Street Zen upgraded shares of Allstate from a “buy” rating to a “strong-buy” rating in a report on Saturday. Citigroup upgraded shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Finally, Wells Fargo & Company cut their price target on shares of Allstate from $200.00 to $197.00 and set an “equal weight” rating on the stock in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, twelve have issued 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.27.

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.