The Allstate Corporation $ALL Stock Holdings Cut by Benin Management CORP

Benin Management CORP trimmed its position in shares of The Allstate Corporation (NYSE:ALL) by 4.3% during the second quarter, Holdings Channel.com reports. The fund owned 31,181 shares of the insurance provider’s stock after selling 1,391 shares during the quarter. Allstate comprises 1.6% of Benin Management CORP’s portfolio, making the stock its 8th biggest holding. Benin Management CORP’s holdings in Allstate were worth $6,277,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ALL. Brighton Jones LLC boosted its holdings in Allstate by 60.2% during the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after acquiring an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Allstate during the 4th quarter worth $231,000. GAMMA Investing LLC raised its stake in shares of Allstate by 21.3% during the 1st quarter. GAMMA Investing LLC now owns 6,152 shares of the insurance provider’s stock worth $1,274,000 after purchasing an additional 1,082 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Allstate by 0.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 48,762 shares of the insurance provider’s stock worth $10,097,000 after purchasing an additional 386 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Allstate by 2.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 11,300 shares of the insurance provider’s stock worth $2,340,000 after purchasing an additional 263 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALL has been the topic of a number of recent analyst reports. Raymond James Financial reiterated a “strong-buy” rating and set a $260.00 target price (up from $250.00) on shares of Allstate in a research note on Monday, August 4th. Wells Fargo & Company set a $202.00 target price on Allstate and gave the stock an “equal weight” rating in a research note on Tuesday, August 5th. Cantor Fitzgerald upgraded Allstate to a “hold” rating in a research note on Wednesday, August 13th. Jefferies Financial Group lifted their target price on Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Finally, Keefe, Bruyette & Woods lifted their target price on Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Two equities research 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 given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $234.60.

Allstate Trading Down 0.0%

Shares of Allstate stock opened at $193.79 on Wednesday. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.70. The stock’s 50-day simple moving average is $205.11 and its 200 day simple moving average is $200.84. The stock has a market capitalization of $51.06 billion, a P/E ratio of 9.11, a P/E/G ratio of 0.71 and a beta of 0.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $2.74. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The business had revenue of $15.05 billion for the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the previous year, the business posted $1.61 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, research analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current 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.