Securian Asset Management Inc. Sells 197 Shares of The Allstate Corporation $ALL

Securian Asset Management Inc. reduced its holdings in The Allstate Corporation (NYSE:ALL) by 1.4% in the 2nd quarter, Holdings Channel reports. The fund owned 13,849 shares of the insurance provider’s stock after selling 197 shares during the quarter. Securian Asset Management Inc.’s holdings in Allstate were worth $2,788,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Arlington Trust Co LLC grew its holdings 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 worth $25,000 after buying an additional 89 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of Allstate during the first quarter worth about $28,000. Hilltop National Bank bought a new position in shares of Allstate during the second quarter worth about $34,000. Meeder Asset Management Inc. grew its holdings 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. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Allstate during the first quarter worth about $43,000. 76.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ALL. Citigroup upgraded Allstate to a “hold” rating in a report on Wednesday, August 13th. Morgan Stanley increased their price objective on Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Barclays reiterated an “underweight” rating and set a $198.00 price objective (up from $188.00) on shares of Allstate in a report on Thursday, July 31st. Jefferies Financial Group increased their price objective on Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Finally, Evercore ISI set a $233.00 price target on Allstate and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average target price of $234.60.

Allstate Stock Performance

Shares of NYSE ALL opened at $193.79 on Wednesday. The stock has a 50 day moving average price of $205.11 and a 200 day moving average price of $200.84. The Allstate Corporation has a 52 week low of $176.00 and a 52 week 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. The stock has a market capitalization of $51.06 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 0.71 and a beta of 0.38.

Allstate (NYSE:ALL) last issued 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. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The firm had revenue of $15.05 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Analysts predict that The Allstate Corporation will post 18.74 earnings per share 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.