Carson Advisory Inc. Raises Stake in The Allstate Corporation $ALL

Carson Advisory Inc. grew its stake in shares of The Allstate Corporation (NYSE:ALL) by 25.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,341 shares of the insurance provider’s stock after buying an additional 272 shares during the period. Carson Advisory Inc.’s holdings in Allstate were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tredje AP fonden raised its position in shares of Allstate by 41.2% during the second quarter. Tredje AP fonden now owns 296,836 shares of the insurance provider’s stock valued at $59,756,000 after buying an additional 86,600 shares during the last quarter. Greater Midwest Financial Group LLC raised its position in shares of Allstate by 5.2% during the second quarter. Greater Midwest Financial Group LLC now owns 8,167 shares of the insurance provider’s stock valued at $1,644,000 after buying an additional 406 shares during the last quarter. Center for Financial Planning Inc. raised its position in shares of Allstate by 18.2% during the second quarter. Center for Financial Planning Inc. now owns 2,109 shares of the insurance provider’s stock valued at $425,000 after buying an additional 325 shares during the last quarter. Syverson Strege & Co bought a new stake in shares of Allstate during the second quarter valued at approximately $337,000. Finally, Kovack Advisors Inc. raised its position in shares of Allstate by 5.5% during the second quarter. Kovack Advisors Inc. now owns 1,133 shares of the insurance provider’s stock valued at $228,000 after buying an additional 59 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Trading Down 0.1%

Shares of ALL opened at $191.71 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $215.70. The stock has a market capitalization of $50.52 billion, a PE ratio of 9.01, a P/E/G ratio of 0.69 and a beta of 0.38. The company’s fifty day moving average is $202.56 and its 200 day moving average is $201.07.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business had revenue of $15.05 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the previous year, the business posted $1.61 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. Sell-side analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Allstate from $235.00 to $254.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Wells Fargo & Company reduced their price objective on shares of Allstate from $200.00 to $197.00 and set an “equal weight” rating on the stock in a research report on Friday, October 24th. Cantor Fitzgerald upgraded shares of Allstate to a “hold” rating in a research report on Wednesday, August 13th. Raymond James Financial restated a “strong-buy” rating and issued a $260.00 price target (up previously from $250.00) on shares of Allstate in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of Allstate from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Two 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.27.

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.