Concurrent Investment Advisors LLC Raises Position in The Allstate Corporation $ALL

Concurrent Investment Advisors LLC grew its holdings in shares of The Allstate Corporation (NYSE:ALL) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,801 shares of the insurance provider’s stock after purchasing an additional 787 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Allstate were worth $2,778,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ALL. Price T Rowe Associates Inc. MD lifted its stake in shares of Allstate by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock worth $2,424,710,000 after purchasing an additional 2,374,684 shares during the period. Boston Partners lifted its stake in shares of Allstate by 613.9% during the 1st quarter. Boston Partners now owns 2,482,654 shares of the insurance provider’s stock worth $512,627,000 after purchasing an additional 2,134,893 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Allstate by 27.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider’s stock worth $482,073,000 after purchasing an additional 497,982 shares during the period. Strs Ohio purchased a new position in shares of Allstate during the 1st quarter worth $84,408,000. Finally, AQR Capital Management LLC increased its holdings in shares of Allstate by 20.3% during the 1st quarter. AQR Capital Management LLC now owns 2,018,403 shares of the insurance provider’s stock worth $417,244,000 after buying an additional 340,150 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 0.1%

Shares of NYSE ALL opened at $205.80 on Tuesday. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $215.70. The company has a market cap of $54.23 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.78 and a beta of 0.38. 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 stock has a fifty day moving average price of $206.12 and a 200 day moving average price of $201.01.

Allstate (NYSE:ALL) last posted its quarterly earnings data 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 net margin of 8.79% and a return on equity of 28.74%. The company had revenue of $15.05 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the prior year, the company posted $1.61 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on ALL shares. BMO Capital Markets upped their price objective on Allstate from $230.00 to $235.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Cantor Fitzgerald upgraded Allstate to a “hold” rating in a report on Wednesday, August 13th. UBS Group upped their price objective on Allstate from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Wall Street Zen upgraded Allstate from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Finally, Roth Capital set a $230.00 price objective on Allstate and gave the stock a “buy” rating in a report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and an average target price of $234.50.

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.