The Allstate Corporation $ALL Shares Sold by FLC Capital Advisors

FLC Capital Advisors cut its holdings in shares of The Allstate Corporation (NYSE:ALL) by 5.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,628 shares of the insurance provider’s stock after selling 98 shares during the period. FLC Capital Advisors’ holdings in Allstate were worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group lifted its position in Allstate by 3.2% during the first quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider’s stock valued at $338,000 after purchasing an additional 51 shares during the period. Vantage Point Financial LLC raised its position in shares of Allstate by 3.6% in the first quarter. Vantage Point Financial LLC now owns 1,495 shares of the insurance provider’s stock worth $310,000 after acquiring an additional 52 shares during the period. Confluence Wealth Services Inc. raised its position in shares of Allstate by 0.7% in the first quarter. Confluence Wealth Services Inc. now owns 8,000 shares of the insurance provider’s stock worth $1,558,000 after acquiring an additional 54 shares during the period. Linscomb Wealth Inc. raised its position in shares of Allstate by 1.3% in the first quarter. Linscomb Wealth Inc. now owns 4,079 shares of the insurance provider’s stock worth $845,000 after acquiring an additional 54 shares during the period. Finally, Ancora Advisors LLC raised its position in shares of Allstate by 0.7% in the first quarter. Ancora Advisors LLC now owns 8,402 shares of the insurance provider’s stock worth $1,740,000 after acquiring an additional 55 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Up 0.6%

Shares of NYSE ALL opened at $195.96 on Monday. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $215.70. The stock has a market cap 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 current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $205.61 and a 200 day moving average of $200.84.

Allstate (NYSE:ALL) last announced 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 net margin of 8.79% and a return on equity of 28.74%. The company had revenue of $15.05 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the prior year, the company earned $1.61 EPS. Allstate’s revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ALL shares. JPMorgan Chase & Co. boosted their target price on shares of Allstate from $235.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Wells Fargo & Company set a $202.00 target price on shares of Allstate and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Morgan Stanley boosted their target price on shares of Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Raymond James Financial reissued a “strong-buy” rating and set a $260.00 target price (up previously from $250.00) on shares of Allstate in a research note on Monday, August 4th. Finally, Evercore ISI set a $233.00 price objective on shares of Allstate and gave the company an “in-line” rating in a research note on Wednesday, October 1st. Two investment 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 given a Sell rating to the company’s stock. According to MarketBeat, Allstate has a consensus rating of “Moderate Buy” and a consensus target price of $234.60.

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.