Allstate Corp (ALL) Position Lifted by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC increased its position in shares of Allstate Corp (NYSE:ALL) by 100.0% during the 3rd quarter, Holdings Channel reports. The fund owned 4,600 shares of the insurance provider’s stock after buying an additional 2,300 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Allstate were worth $430,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its stake in Allstate by 1.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 34,297 shares of the insurance provider’s stock worth $3,385,000 after acquiring an additional 634 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in Allstate by 4.8% during the 3rd quarter. Gulf International Bank UK Ltd now owns 118,809 shares of the insurance provider’s stock worth $11,726,000 after acquiring an additional 5,400 shares during the last quarter. BP PLC boosted its stake in Allstate by 11.4% during the 3rd quarter. BP PLC now owns 156,000 shares of the insurance provider’s stock worth $15,396,000 after acquiring an additional 16,000 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in Allstate during the 3rd quarter worth approximately $5,498,000. Finally, FineMark National Bank & Trust boosted its stake in Allstate by 96.9% during the 3rd quarter. FineMark National Bank & Trust now owns 15,020 shares of the insurance provider’s stock worth $1,482,000 after acquiring an additional 7,392 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of ALL stock opened at $93.72 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $31.87 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 1.20 and a beta of 0.87. Allstate Corp has a 52 week low of $88.29 and a 52 week high of $105.36.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 31st. The insurance provider reported $1.93 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.28). The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.51 billion. Allstate had a return on equity of 15.48% and a net margin of 9.38%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $1.60 earnings per share. On average, analysts forecast that Allstate Corp will post 9.24 EPS for the current year.

In other news, EVP Jesse E. Merten sold 696 shares of Allstate stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $92.12, for a total value of $64,115.52. Following the sale, the executive vice president now directly owns 2,102 shares in the company, valued at $193,636.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Harriet K. Harty sold 10,515 shares of Allstate stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $98.87, for a total transaction of $1,039,618.05. Following the completion of the sale, the executive vice president now owns 14,606 shares in the company, valued at $1,444,095.22. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Several research firms recently weighed in on ALL. Citigroup reduced their price objective on shares of Allstate from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Zacks Investment Research upgraded shares of Allstate from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a report on Monday, August 27th. B. Riley raised their target price on shares of Allstate from $88.00 to $103.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Wells Fargo & Co restated a “hold” rating on shares of Allstate in a report on Thursday, August 16th. Finally, Credit Suisse Group dropped their target price on shares of Allstate from $114.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, August 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $103.92.

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Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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