The Allstate Corporation $ALL Shares Purchased by MGO One Seven LLC

MGO One Seven LLC boosted its position in The Allstate Corporation (NYSE:ALL) by 17.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,054 shares of the insurance provider’s stock after acquiring an additional 769 shares during the quarter. MGO One Seven LLC’s holdings in Allstate were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALL. Arlington Trust Co LLC lifted its stake in shares of Allstate by 261.8% during the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 89 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in shares of Allstate during the first quarter worth about $28,000. Hilltop National Bank purchased a new stake in shares of Allstate during the second quarter worth about $34,000. Meeder Asset Management Inc. increased its position in shares of Allstate by 113.8% during the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 99 shares during the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Allstate during the first quarter worth about $43,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $260.00 target price (up from $250.00) on shares of Allstate in a research report on Monday, August 4th. 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. UBS Group boosted their price objective on Allstate from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Wall Street Zen raised Allstate from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Finally, Evercore ISI set a $233.00 price objective on Allstate and gave the company an “in-line” rating in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $234.50.

Allstate Stock Performance

Shares of NYSE ALL opened at $194.86 on Friday. 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 50 day simple moving average of $205.83 and a 200-day simple moving average of $200.98. The company has a market cap of $51.35 billion, a PE ratio of 9.16, a P/E/G ratio of 0.74 and a beta of 0.38. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $215.70.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, topping 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 return on equity of 28.74% and a net margin of 8.79%.The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 earnings per share. On average, equities research analysts forecast 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.