Interactive Financial Advisors bought a new position in Allstate Corp (NYSE:ALL) in the first quarter, HoldingsChannel reports. The fund bought 2,376 shares of the insurance provider’s stock, valued at approximately $224,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of ALL. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Allstate in the fourth quarter valued at about $25,000. 1 North Wealth Services LLC acquired a new stake in shares of Allstate in the fourth quarter valued at about $25,000. We Are One Seven LLC acquired a new stake in shares of Allstate in the fourth quarter valued at about $27,000. Legacy Advisors LLC acquired a new stake in shares of Allstate in the first quarter valued at about $29,000. Finally, Executive Wealth Management LLC acquired a new stake in shares of Allstate in the fourth quarter valued at about $32,000. 79.39% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on the company. Credit Suisse Group cut Allstate from an “outperform” rating to a “neutral” rating and set a $93.00 price target for the company. in a research note on Monday, April 8th. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Thursday, February 7th. ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. UBS Group increased their price target on Allstate from $102.00 to $106.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Finally, Compass Point assumed coverage on Allstate in a research note on Tuesday, January 15th. They issued a “buy” rating and a $114.00 price target for the company. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $101.91.
NYSE ALL opened at $96.38 on Monday. Allstate Corp has a one year low of $77.00 and a one year high of $102.73. The company has a market cap of $32.09 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 1.26 and a beta of 0.83. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.30.
Allstate (NYSE:ALL) last released its earnings results on Wednesday, May 1st. The insurance provider reported $2.30 EPS for the quarter, topping the consensus estimate of $2.28 by $0.02. Allstate had a return on equity of 12.66% and a net margin of 6.26%. The business had revenue of $8.70 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter last year, the firm posted $2.96 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts predict that Allstate Corp will post 9 EPS for the current fiscal year.
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The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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