The Allstate Corporation $ALL Stock Holdings Lowered by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its holdings in The Allstate Corporation (NYSE:ALL) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,947 shares of the insurance provider’s stock after selling 650 shares during the quarter. Yousif Capital Management LLC’s holdings in Allstate were worth $7,639,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arlington Trust Co LLC raised its holdings in shares of Allstate by 261.8% in the 2nd 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 bought a new stake in shares of Allstate in the 1st quarter worth approximately $28,000. Hilltop National Bank bought a new stake in shares of Allstate in the 2nd quarter worth approximately $34,000. Meeder Asset Management Inc. raised its holdings in shares of Allstate by 113.8% in the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 99 shares in the last quarter. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Allstate in the 1st quarter worth approximately $43,000. 76.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ALL. Citigroup upgraded shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Roth Capital set a $230.00 price target on shares of Allstate and gave the company a “buy” rating in a report on Friday, September 26th. Evercore ISI set a $233.00 price target on shares of Allstate and gave the company an “in-line” rating in a report on Wednesday, October 1st. Wolfe Research upgraded shares of Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, Morgan Stanley boosted their price target on shares of Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and a consensus target price of $234.50.

Allstate Stock Up 0.1%

Allstate stock opened at $205.80 on Tuesday. The firm has a market cap of $54.23 billion, a PE ratio of 9.68, a P/E/G ratio of 0.78 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. The firm’s 50 day moving average price is $206.12 and its two-hundred day moving average price is $201.01. The Allstate Corporation has a twelve month low of $176.00 and a twelve month high of $215.70.

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

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.