The Allstate Corporation $ALL Shares Purchased by Crewe Advisors LLC

Crewe Advisors LLC increased its position in shares of The Allstate Corporation (NYSE:ALL) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,116 shares of the insurance provider’s stock after acquiring an additional 59 shares during the period. Crewe Advisors LLC’s holdings in Allstate were worth $426,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Rehmann Capital Advisory Group lifted its stake in Allstate by 3.2% during the 1st 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 in the last quarter. Vantage Point Financial LLC boosted its stake in shares of Allstate by 3.6% in the 1st quarter. Vantage Point Financial LLC now owns 1,495 shares of the insurance provider’s stock valued at $310,000 after buying an additional 52 shares during the period. Confluence Wealth Services Inc. boosted its stake in shares of Allstate by 0.7% in the 1st quarter. Confluence Wealth Services Inc. now owns 8,000 shares of the insurance provider’s stock valued at $1,558,000 after buying an additional 54 shares during the period. Linscomb Wealth Inc. boosted its stake in shares of Allstate by 1.3% in the 1st 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 during the period. Finally, Ancora Advisors LLC boosted its stake in shares of Allstate by 0.7% in the 1st 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 during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ALL. Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a research note on Wednesday, October 8th. Raymond James Financial reiterated a “strong-buy” rating and issued a $260.00 price objective (up previously from $250.00) on shares of Allstate in a research note on Monday, August 4th. Keefe, Bruyette & Woods raised their target price on Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. BMO Capital Markets raised their target price on Allstate from $230.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Finally, Roth Capital set a $230.00 target price on Allstate and gave the stock a “buy” rating in a research report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and a consensus target price of $234.60.

Allstate Trading Up 0.6%

NYSE:ALL opened at $195.96 on Monday. The stock’s 50 day moving average price is $205.61 and its 200 day moving average price is $200.84. The company has a market capitalization of $51.64 billion, a PE ratio of 9.21, a P/E/G ratio of 0.72 and a beta of 0.38. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.70.

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