Securian Asset Management Inc. Has $2.79 Million Position in The Allstate Corporation $ALL

Securian Asset Management Inc. lowered its holdings in The Allstate Corporation (NYSE:ALL) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,849 shares of the insurance provider’s stock after selling 197 shares during the quarter. Securian Asset Management Inc.’s holdings in Allstate were worth $2,788,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Arlington Trust Co LLC boosted its stake in 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 in the last quarter. Hughes Financial Services LLC acquired a new position in Allstate in the first quarter worth $28,000. Hilltop National Bank bought a new stake in shares of Allstate during the second quarter worth $34,000. Meeder Asset Management Inc. raised its position in shares of Allstate by 113.8% during the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 99 shares during the last quarter. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Allstate during the first quarter worth $43,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ALL has been the subject of a number of recent research reports. Cantor Fitzgerald upgraded Allstate to a “hold” rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods boosted their target price on Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a research report on Wednesday, October 8th. Citigroup upgraded Allstate to a “hold” rating in a report on Wednesday, August 13th. Finally, Jefferies Financial Group upped their price objective on Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $234.60.

Allstate Trading Down 0.0%

NYSE ALL opened at $193.79 on Wednesday. The stock has a 50-day simple moving average of $205.11 and a 200 day simple moving average of $200.84. The company has a market capitalization of $51.06 billion, a PE ratio of 9.11, a P/E/G ratio of 0.71 and a beta of 0.38. 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.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $2.74. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The company had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the prior year, the company earned $1.61 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Research analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

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.