Brighton Jones LLC Has $1.60 Million Holdings in The Allstate Corporation $ALL

Brighton Jones LLC grew its stake in shares of The Allstate Corporation (NYSE:ALL) by 19.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 7,930 shares of the insurance provider’s stock after purchasing an additional 1,284 shares during the quarter. Brighton Jones LLC’s holdings in Allstate were worth $1,596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Rehmann Capital Advisory Group lifted its position in Allstate by 3.2% during the first quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider’s stock worth $338,000 after acquiring an additional 51 shares during the last quarter. Linscomb Wealth Inc. raised its position in shares of Allstate by 1.3% in the first quarter. Linscomb Wealth Inc. now owns 4,079 shares of the insurance provider’s stock valued at $845,000 after buying an additional 54 shares in the last quarter. Ancora Advisors LLC raised its position in shares of Allstate by 0.7% in the first quarter. Ancora Advisors LLC now owns 8,402 shares of the insurance provider’s stock valued at $1,740,000 after buying an additional 55 shares in the last quarter. Cooper Financial Group raised its position in shares of Allstate by 5.5% in the second quarter. Cooper Financial Group now owns 1,057 shares of the insurance provider’s stock valued at $213,000 after buying an additional 55 shares in the last quarter. Finally, Bank of Hawaii raised its position in shares of Allstate by 1.4% in the first quarter. Bank of Hawaii now owns 4,046 shares of the insurance provider’s stock valued at $838,000 after buying an additional 56 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ALL shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $260.00 price target (up from $250.00) on shares of Allstate in a research report on Monday, August 4th. BMO Capital Markets lifted their price target on shares of Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Wells Fargo & Company dropped their price target on shares of Allstate from $200.00 to $197.00 and set an “equal weight” rating for the company in a research report on Friday. Jefferies Financial Group lifted their price target on shares of Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Finally, Roth Capital set a $230.00 price objective on shares of Allstate and gave the company a “buy” rating in a research report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $234.27.

Allstate Stock Down 0.6%

Shares of ALL opened at $193.37 on Monday. The Allstate Corporation has a one year low of $176.00 and a one year high of $215.70. The company has a market cap of $50.95 billion, a P/E ratio of 9.09, a P/E/G ratio of 0.70 and a beta of 0.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a 50 day simple moving average of $204.27 and a two-hundred day simple moving average of $201.14.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, beating the consensus estimate of $3.20 by $2.74. The business had revenue of $15.05 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 was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.61 earnings per share. Research analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

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.