Nordwand Advisors LLC Makes New Investment in The Allstate Corporation $ALL

Nordwand Advisors LLC bought a new position in shares of The Allstate Corporation (NYSE:ALL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,750 shares of the insurance provider’s stock, valued at approximately $352,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. LSV Asset Management acquired a new stake in Allstate in the 2nd quarter valued at about $221,000. Dorsey & Whitney Trust CO LLC grew its position in shares of Allstate by 1.7% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,293 shares of the insurance provider’s stock valued at $663,000 after purchasing an additional 56 shares in the last quarter. Intrust Bank NA increased its holdings in shares of Allstate by 1.5% in the second quarter. Intrust Bank NA now owns 12,484 shares of the insurance provider’s stock valued at $2,513,000 after purchasing an additional 188 shares during the last quarter. Pinnacle Financial Group LLC IL purchased a new position in Allstate during the second quarter worth approximately $363,000. Finally, Westpac Banking Corp boosted its stake in Allstate by 5.5% during the second quarter. Westpac Banking Corp now owns 4,321 shares of the insurance provider’s stock worth $870,000 after buying an additional 226 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wolfe Research upgraded Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. BMO Capital Markets lifted their target price on shares of Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Wells Fargo & Company increased their price target on shares of Allstate from $202.00 to $216.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Barclays reaffirmed an “underweight” rating and set a $198.00 price target (up previously from $188.00) on shares of Allstate in a research report on Thursday, July 31st. Finally, Roth Capital set a $230.00 price objective on Allstate and gave the stock a “buy” rating in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average price target of $237.64.

Allstate Price Performance

Allstate stock opened at $210.15 on Wednesday. The company’s 50 day simple moving average is $202.72 and its 200-day simple moving average is $201.85. 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 1 year low of $176.00 and a 1 year high of $215.70. The company has a market capitalization of $54.99 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, beating the consensus estimate of $5.48 by $5.69. The firm 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 revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.91 EPS. As a group, equities research analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current year.

Insider Buying and Selling at Allstate

In related news, insider Suren Gupta sold 400 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $215.22, for a total value of $86,088.00. Following the sale, the insider owned 100,646 shares in the company, valued at approximately $21,661,032.12. The trade was a 0.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.

About Allstate

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.