Carson Advisory Inc. Raises Stake in The Allstate Corporation $ALL

by · The Cerbat Gem

Carson Advisory Inc. grew its stake in shares of The Allstate Corporation (NYSE:ALL – Free Report) by 25.4% in the second quarter, Holdings Channel reports. The firm owned 1,341 shares of the insurance provider’s stock after acquiring an additional 272 shares during the period. Carson Advisory Inc.’s holdings in Allstate were worth $270,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Arlington Trust Co LLC boosted its stake in shares of Allstate by 261.8% during 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. Hughes Financial Services LLC purchased a new stake in shares of Allstate during the first quarter valued at $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Allstate by 315.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 126 shares during the period. Hilltop National Bank purchased a new stake in shares of Allstate during the second quarter valued at $34,000. Finally, Meeder Asset Management Inc. boosted its stake 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 valued at $39,000 after purchasing an additional 99 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Performance

ALL stock opened at $191.71 on Friday. The firm has a market cap of $50.52 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 0.69 and a beta of 0.38. The firm has a 50-day simple moving average of $202.56 and a two-hundred day simple moving average of $201.07. The Allstate Corporation has a one year low of $176.00 and a one year high of $215.70. 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 – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, beating the consensus estimate of $3.20 by $2.74. The business had revenue of $15.05 billion during 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 quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 earnings per share. On average, equities analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Analyst Ratings Changes

ALL has been the subject of a number of research reports. Keefe, Bruyette & Woods upped their price objective on shares of Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. upped their price objective on shares of Allstate from $235.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Cantor Fitzgerald raised shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. Wolfe Research raised shares of Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. Finally, Citigroup raised shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.27.

Read Our Latest Stock Analysis on ALL

Allstate Profile

(Free Report)

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.

See Also

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