Paragon Capital Management Ltd lessened its position in Allstate Corp (NYSE:ALL) by 10.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,395 shares of the insurance provider’s stock after selling 404 shares during the period. Paragon Capital Management Ltd’s holdings in Allstate were worth $382,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in ALL. Sandy Spring Bank boosted its position in shares of Allstate by 19.2% during the fourth quarter. Sandy Spring Bank now owns 999 shares of the insurance provider’s stock valued at $112,000 after buying an additional 161 shares during the last quarter. State of Tennessee Treasury Department boosted its position in shares of Allstate by 10.0% during the fourth quarter. State of Tennessee Treasury Department now owns 436,595 shares of the insurance provider’s stock valued at $49,095,000 after buying an additional 39,723 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in shares of Allstate during the fourth quarter valued at approximately $1,153,000. Palladium Partners LLC boosted its position in shares of Allstate by 4.2% during the fourth quarter. Palladium Partners LLC now owns 3,011 shares of the insurance provider’s stock valued at $339,000 after buying an additional 120 shares during the last quarter. Finally, Wilsey Asset Management Inc. boosted its position in shares of Allstate by 5.4% during the fourth quarter. Wilsey Asset Management Inc. now owns 152,257 shares of the insurance provider’s stock valued at $16,998,000 after buying an additional 7,737 shares during the last quarter. 76.55% of the stock is owned by hedge funds and other institutional investors.
ALL has been the topic of several analyst reports. Wells Fargo & Co lifted their target price on Allstate from $116.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. MKM Partners lifted their target price on Allstate to and gave the company a “buy” rating in a research report on Friday, January 17th. Citigroup initiated coverage on Allstate in a research report on Tuesday, January 21st. They set a “buy” rating and a $135.00 target price on the stock. ValuEngine raised Allstate from a “strong sell” rating to a “sell” rating in a research report on Friday, February 7th. Finally, Zacks Investment Research raised Allstate from a “sell” rating to a “hold” rating and set a $124.00 target price on the stock in a research report on Monday, January 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $120.00.
In other Allstate news, insider Croker Trevor purchased 44,975 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average cost of $34.22 per share, for a total transaction of $1,539,044.50. Company insiders own 1.60% of the company’s stock.
Allstate stock traded up $0.68 during mid-day trading on Friday, reaching $125.57. 1,046,676 shares of the company’s stock were exchanged, compared to its average volume of 1,577,833. The business’s fifty day simple moving average is $117.02 and its 200 day simple moving average is $109.65. The firm has a market capitalization of $40.15 billion, a PE ratio of 8.92, a P/E/G ratio of 1.45 and a beta of 0.81. Allstate Corp has a one year low of $92.24 and a one year high of $125.43. The company has a quick ratio of 0.30, a current ratio of 0.28 and a debt-to-equity ratio of 0.28.
Allstate (NYSE:ALL) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $3.13 EPS for the quarter, topping the Zacks’ consensus estimate of $3.12 by $0.01. The business had revenue of $9.19 billion for the quarter, compared to analyst estimates of $9.27 billion. Allstate had a return on equity of 16.05% and a net margin of 10.85%. Allstate’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $1.59 earnings per share. On average, sell-side analysts forecast that Allstate Corp will post 10.29 earnings per share for the current year.
Allstate Company Profile
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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