The Allstate Corporation $ALL Shares Sold by Mount Lucas Management LP

Mount Lucas Management LP lessened its stake in The Allstate Corporation (NYSE:ALL) by 39.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,483 shares of the insurance provider’s stock after selling 4,143 shares during the period. Mount Lucas Management LP’s holdings in Allstate were worth $1,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Arlington Trust Co LLC grew its stake in Allstate by 261.8% during 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. Clearstead Trust LLC increased its holdings in shares of Allstate by 3,800.0% in the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 152 shares during the period. Caitong International Asset Management Co. Ltd raised its position in Allstate by 315.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 126 shares during the last quarter. Hilltop National Bank acquired a new stake in Allstate during the 2nd quarter worth $34,000. Finally, Meeder Asset Management Inc. grew its position in Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ALL. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $260.00 target price (up from $250.00) on shares of Allstate in a report on Monday, August 4th. Roth Capital set a $230.00 price target on Allstate and gave the company a “buy” rating in a research report on Friday, September 26th. Citigroup raised Allstate to a “hold” rating in a research report on Wednesday, August 13th. Wells Fargo & Company boosted their target price on Allstate from $202.00 to $216.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $237.64.

Allstate Stock Performance

Shares of ALL opened at $214.25 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.70. The company has a 50-day simple moving average of $202.35 and a 200-day simple moving average of $201.69. The company has a market capitalization of $56.06 billion, a PE ratio of 10.07, a P/E/G ratio of 0.69 and a beta of 0.35.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.48 by $5.69. The company had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $3.91 EPS. Equities research analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

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.