Freestone Capital Holdings LLC Cuts Stake in The Allstate Corporation $ALL

Freestone Capital Holdings LLC cut its stake in The Allstate Corporation (NYSE:ALL) by 9.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,130 shares of the insurance provider’s stock after selling 1,986 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Allstate were worth $3,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in ALL. Vanguard Group Inc. raised its stake in Allstate by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 32,800,086 shares of the insurance provider’s stock worth $6,791,914,000 after acquiring an additional 164,662 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Allstate by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock worth $2,424,710,000 after buying an additional 2,374,684 shares in the last quarter. GQG Partners LLC raised its position in Allstate by 2.1% in the 1st quarter. GQG Partners LLC now owns 4,405,701 shares of the insurance provider’s stock valued at $912,288,000 after purchasing an additional 89,185 shares in the last quarter. Boston Partners increased its position in shares of Allstate by 613.9% in the 1st quarter. Boston Partners now owns 2,482,654 shares of the insurance provider’s stock valued at $512,627,000 after purchasing an additional 2,134,893 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Allstate by 27.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider’s stock worth $482,073,000 after buying an additional 497,982 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Allstate Price Performance

NYSE:ALL opened at $191.71 on Monday. The firm has a market cap of $50.52 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 0.69 and a beta of 0.38. The company has a quick ratio of 0.43, a current 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’s 50-day moving average price is $202.56 and its two-hundred day moving average price is $201.12.

Wall Street Analyst Weigh In

ALL has been the subject of several recent research reports. Citigroup raised Allstate to a “hold” rating in a report on Wednesday, August 13th. Jefferies Financial Group lifted their target price on Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a report on Monday, August 11th. Barclays reaffirmed an “underweight” rating and issued a $198.00 target price (up previously from $188.00) on shares of Allstate in a research report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a research note on Wednesday, October 8th. Finally, UBS Group increased their target price on Allstate from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.