denkapparat Operations GmbH Sells 254 Shares of The Allstate Corporation $ALL

denkapparat Operations GmbH decreased its stake in shares of The Allstate Corporation (NYSE:ALL) by 8.2% in the second quarter, Holdings Channel.com reports. The fund owned 2,852 shares of the insurance provider’s stock after selling 254 shares during the period. denkapparat Operations GmbH’s holdings in Allstate were worth $574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Arlington Trust Co LLC increased its holdings in shares of Allstate by 261.8% in the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 89 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Allstate by 315.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock valued at $33,000 after buying an additional 126 shares in the last quarter. Hilltop National Bank bought a new stake in Allstate in the 2nd quarter worth approximately $34,000. Chilton Capital Management LLC purchased a new stake in shares of Allstate during the 2nd quarter worth approximately $38,000. Finally, Meeder Asset Management Inc. boosted its position in shares of Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of NYSE:ALL opened at $207.28 on Wednesday. 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 Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $215.70. The company has a market capitalization of $54.24 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.69 and a beta of 0.35. The firm’s 50-day moving average is $201.95 and its 200 day moving average is $201.40.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.48 by $5.69. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.91 earnings per share. Research analysts predict that The Allstate Corporation will post 18.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ALL shares. 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. Wall Street Zen downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Saturday. Morgan Stanley increased their price target on shares of Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a research report on Wednesday, October 8th. Finally, Citigroup upgraded Allstate to a “hold” rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and a consensus target price of $237.13.

Allstate Company 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.