The Allstate Corporation $ALL Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in The Allstate Corporation (NYSE:ALL) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,235,231 shares of the insurance provider’s stock after acquiring an additional 435,145 shares during the period. Vanguard Group Inc. owned about 12.61% of Allstate worth $6,690,584,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Arlington Trust Co LLC boosted its holdings in Allstate by 261.8% in the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 89 shares during the period. Clearstead Trust LLC raised its position in Allstate by 3,800.0% in the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 152 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Allstate by 315.0% in 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 during the period. Hilltop National Bank acquired a new position in shares of Allstate during the second quarter worth about $34,000. Finally, Meeder Asset Management Inc. grew 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 buying an additional 99 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALL has been the topic of several analyst reports. Jefferies Financial Group raised their target price on shares of Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a report on Monday, August 11th. Roth Capital set a $230.00 price objective on shares of Allstate and gave the company a “buy” rating in a research report on Friday, September 26th. Cantor Fitzgerald raised shares of Allstate to a “hold” rating in a research report on Wednesday, August 13th. Citigroup upgraded shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. Finally, Morgan Stanley raised their price target on Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Allstate presently has an average rating of “Moderate Buy” and a consensus price target of $237.64.

Insider Activity

In related news, insider Suren Gupta sold 400 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.22, for a total transaction of $86,088.00. Following the transaction, the insider owned 100,646 shares in the company, valued at $21,661,032.12. This trade represents a 0.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.

Allstate Trading Up 0.4%

Shares of Allstate stock opened at $210.15 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 company has a fifty day simple moving average of $202.72 and a 200-day simple moving average of $201.85. The stock has a market cap of $54.99 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.69 and a beta of 0.35. 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, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, beating analysts’ consensus estimates of $5.48 by $5.69. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the previous year, the company earned $3.91 earnings per share. Allstate’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

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.