723 Shares in The Allstate Corporation $ALL Purchased by Gladwyn Financial Advisors Inc.

Gladwyn Financial Advisors Inc. acquired a new position in shares of The Allstate Corporation (NYSE:ALL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 723 shares of the insurance provider’s stock, valued at approximately $146,000.

Several other institutional investors and hedge funds have also bought and sold shares of ALL. Brighton Jones LLC lifted its position in Allstate by 60.2% during the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after purchasing an additional 2,443 shares during the period. Revolve Wealth Partners LLC bought a new stake in Allstate during the fourth quarter worth about $231,000. GAMMA Investing LLC lifted its position in Allstate by 21.3% during the first quarter. GAMMA Investing LLC now owns 6,152 shares of the insurance provider’s stock worth $1,274,000 after purchasing an additional 1,082 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Allstate by 0.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 118,950 shares of the insurance provider’s stock worth $24,631,000 after acquiring an additional 631 shares during the last quarter. Finally, Cornerstone Wealth Management LLC bought a new position in shares of Allstate in the first quarter worth about $213,000. Institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Raymond James Financial reissued a “strong-buy” rating and issued a $260.00 target price (up previously from $250.00) on shares of Allstate in a report on Monday, August 4th. Evercore ISI set a $233.00 target price on shares of Allstate and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Wolfe Research raised shares of Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. Jefferies Financial Group increased their target price on shares of Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Finally, Citigroup raised shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. 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 issued a Sell rating to the company. Based on data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and an average target price of $234.60.

Allstate Stock Performance

Allstate stock opened at $195.96 on Friday. The business has a 50 day moving average of $205.61 and a 200-day moving average of $200.87. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.70. 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 company has a market capitalization of $51.64 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.72 and a beta of 0.38.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $2.74. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The company had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Company 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.