Buck Wealth Strategies LLC Takes Position in The Allstate Corporation $ALL

Buck Wealth Strategies LLC acquired a new stake in The Allstate Corporation (NYSE:ALL) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 46,745 shares of the insurance provider’s stock, valued at approximately $9,730,000.

Several other institutional investors have also modified their holdings of ALL. Brighton Jones LLC lifted its holdings in shares of Allstate by 60.2% in the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after buying an additional 2,443 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Allstate in the fourth quarter valued at $231,000. WINTON GROUP Ltd acquired a new stake in shares of Allstate in the second quarter valued at $210,000. Treasurer of the State of North Carolina lifted its holdings in shares of Allstate by 2.5% in the second quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider’s stock valued at $24,816,000 after buying an additional 3,051 shares during the period. Finally, Ieq Capital LLC lifted its holdings in shares of Allstate by 20.1% in the second quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider’s stock valued at $7,713,000 after buying an additional 6,412 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of ALL stock opened at $213.01 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The Allstate Corporation has a fifty-two week low of $188.08 and a fifty-two week high of $222.23. The stock’s 50-day moving average is $210.90 and its two-hundred day moving average is $206.26. The firm has a market cap of $54.83 billion, a P/E ratio of 4.70, a PEG ratio of 0.40 and a beta of 0.21.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, topping the consensus estimate of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The company had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. During the same period in the prior year, the firm posted $3.53 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. Analysts predict that The Allstate Corporation will post 28.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Allstate news, COO Mario Rizzo sold 18,578 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $17,991,267.60. This represents a 18.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ALL has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $231.00 target price on shares of Allstate in a research report on Thursday, March 5th. Keefe, Bruyette & Woods boosted their target price on Allstate from $260.00 to $266.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company boosted their target price on Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Raymond James Financial reaffirmed a “strong-buy” rating and set a $260.00 target price on shares of Allstate in a research report on Tuesday, March 3rd. Finally, Mizuho cut their target price on Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $241.67.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.