Chilton Capital Management LLC Buys New Shares in The Allstate Corporation $ALL

Chilton Capital Management LLC purchased a new stake in shares of The Allstate Corporation (NYSE:ALL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 190 shares of the insurance provider’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arlington Trust Co LLC lifted its position in 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 during the first quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Allstate by 315.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 126 shares during the last quarter. Hilltop National Bank bought a new position in shares of Allstate during the 2nd quarter valued at $34,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 99 shares during the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Trading Down 0.6%

NYSE ALL opened at $193.37 on Monday. The stock has a market cap of $50.95 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 0.70 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 stock has a 50 day simple moving average of $204.27 and a two-hundred day simple moving average of $201.14. 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 announced its earnings results 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 during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 earnings per share. On average, analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on ALL shares. Jefferies Financial Group boosted their price target on shares of Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. JPMorgan Chase & Co. increased their target price on Allstate from $235.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Evercore ISI set a $233.00 price target on Allstate and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a research report on Friday. Finally, Morgan Stanley raised their target price on shares of Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and an average price target of $234.27.

About Allstate

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.