Bailard Inc. Cuts Stake in The Allstate Corporation $ALL

Bailard Inc. cut its holdings in shares of The Allstate Corporation (NYSE:ALL) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,926 shares of the insurance provider’s stock after selling 472 shares during the quarter. Bailard Inc.’s holdings in Allstate were worth $5,622,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ALL. Parkside Financial Bank & Trust increased its position in shares of Allstate by 4.7% during the second quarter. Parkside Financial Bank & Trust now owns 1,189 shares of the insurance provider’s stock worth $239,000 after acquiring an additional 53 shares during the period. Linscomb Wealth Inc. grew its stake in Allstate by 1.3% during the 1st quarter. Linscomb Wealth Inc. now owns 4,079 shares of the insurance provider’s stock worth $845,000 after purchasing an additional 54 shares in the last quarter. Ancora Advisors LLC grew its stake in Allstate by 0.7% during the 1st quarter. Ancora Advisors LLC now owns 8,402 shares of the insurance provider’s stock worth $1,740,000 after purchasing an additional 55 shares in the last quarter. Cooper Financial Group increased its holdings in Allstate by 5.5% during the 2nd quarter. Cooper Financial Group now owns 1,057 shares of the insurance provider’s stock worth $213,000 after purchasing an additional 55 shares during the period. Finally, Bank of Hawaii raised its position in Allstate by 1.4% in the 1st quarter. Bank of Hawaii now owns 4,046 shares of the insurance provider’s stock valued at $838,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Up 1.7%

ALL stock opened at $207.28 on Wednesday. The stock has a market cap of $54.24 billion, a P/E ratio of 9.75, a PEG ratio of 0.69 and a beta of 0.35. 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 Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $215.70. The company’s 50 day moving average is $201.95 and its two-hundred day moving average is $201.40.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Citigroup raised Allstate to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Saturday. Morgan Stanley raised their price objective on shares of Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Wolfe Research raised shares of Allstate to a “strong-buy” rating in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $237.13.

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.