The Allstate Corporation $ALL Shares Sold by Brookstone Capital Management

Brookstone Capital Management reduced its position in The Allstate Corporation (NYSE:ALL) by 9.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,775 shares of the insurance provider’s stock after selling 994 shares during the period. Brookstone Capital Management’s holdings in Allstate were worth $1,968,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ALL. Arlington Trust Co LLC lifted its stake in shares of Allstate by 261.8% in the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock valued at $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 1st quarter valued at about $28,000. Hilltop National Bank purchased a new stake in shares of Allstate during the 2nd quarter valued at about $34,000. Meeder Asset Management Inc. raised its holdings in shares of Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after buying an additional 99 shares during the period. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Allstate during the 1st quarter valued at about $43,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on ALL. Cantor Fitzgerald upgraded Allstate to a “hold” rating in a report on Wednesday, August 13th. Wells Fargo & Company dropped their target price on Allstate from $200.00 to $197.00 and set an “equal weight” rating on the stock in a report on Friday. Morgan Stanley raised their target price on Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised their target price on Allstate from $235.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $234.27.

Allstate Price Performance

ALL stock opened at $193.37 on Friday. 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. The stock’s 50 day moving average is $204.27 and its two-hundred day moving average is $200.96. The company has a market capitalization of $50.95 billion, a PE ratio of 9.09, a P/E/G ratio of 0.71 and a beta of 0.38.

Allstate (NYSE:ALL) last posted 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. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The company had revenue of $15.05 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the previous year, the business earned $1.61 EPS. Allstate’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal 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.