The Allstate Corporation $ALL Stock: Keybank National Association OH Trims Position

Keybank National Association OH cut its position in shares of The Allstate Corporation (NYSE:ALL) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,811 shares of the insurance provider’s stock after selling 5,622 shares during the period. Keybank National Association OH’s holdings in Allstate were worth $25,028,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. D Orazio & Associates Inc. grew its holdings in Allstate by 20.6% during the 3rd quarter. D Orazio & Associates Inc. now owns 1,410 shares of the insurance provider’s stock worth $313,000 after acquiring an additional 241 shares in the last quarter. 71 West Capital Partners raised its holdings in shares of Allstate by 8.0% in the 3rd quarter. 71 West Capital Partners now owns 2,737 shares of the insurance provider’s stock valued at $607,000 after purchasing an additional 202 shares in the last quarter. Welch & Forbes LLC raised its holdings in shares of Allstate by 17.1% in the 3rd quarter. Welch & Forbes LLC now owns 7,779 shares of the insurance provider’s stock valued at $1,726,000 after purchasing an additional 1,134 shares in the last quarter. Gryphon Financial Partners LLC lifted its position in shares of Allstate by 2.7% in the 3rd quarter. Gryphon Financial Partners LLC now owns 9,507 shares of the insurance provider’s stock worth $2,109,000 after purchasing an additional 248 shares during the period. Finally, AlphaCore Capital LLC lifted its position in shares of Allstate by 87.7% in the 3rd quarter. AlphaCore Capital LLC now owns 14,870 shares of the insurance provider’s stock worth $3,314,000 after purchasing an additional 6,946 shares during the period. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Price Performance

ALL opened at $262.01 on Thursday. The firm has a market capitalization of $64.84 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 0.56 and a beta of 0.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.37 and a quick ratio of 0.37. The business’s 50-day moving average is $245.92 and its two-hundred day moving average is $230.81. The Allstate Corporation has a 1 year low of $191.13 and a 1 year high of $281.11.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $9.76 EPS for the quarter, beating the consensus estimate of $6.89 by $2.87. Allstate had a net margin of 16.57% and a return on equity of 38.37%. The business had revenue of $17.35 billion during the quarter, compared to analyst estimates of $15.87 billion. During the same period in the prior year, the firm posted $11.17 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Research analysts anticipate that The Allstate Corporation will post 37.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ALL shares. TD Cowen increased their price objective on shares of Allstate from $231.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, September 23rd. Roth Capital set a $300.00 price objective on shares of Allstate in a research note on Thursday, August 6th. UBS Group boosted their price objective on shares of Allstate from $275.00 to $283.00 and gave the stock a “neutral” rating in a research note on Tuesday. Evercore upped their target price on Allstate from $240.00 to $262.00 in a report on Thursday, October 8th. Finally, Mizuho dropped their target price on Allstate from $300.00 to $295.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $273.48.

About Allstate

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance. The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.