AG2R LA Mondiale Gestion D Actifs Purchases 287 Shares of The Allstate Corporation $ALL

AG2R LA Mondiale Gestion D Actifs boosted its position in The Allstate Corporation (NYSE:ALL) by 2.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,361 shares of the insurance provider’s stock after acquiring an additional 287 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Allstate were worth $2,086,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ALL. Rehmann Capital Advisory Group increased its position in shares of Allstate by 3.2% during the first quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider’s stock valued at $338,000 after buying an additional 51 shares during the period. Confluence Wealth Services Inc. increased its position in shares of Allstate by 0.7% during the first quarter. Confluence Wealth Services Inc. now owns 8,000 shares of the insurance provider’s stock valued at $1,558,000 after buying an additional 54 shares during the period. Linscomb Wealth Inc. increased its position in shares of Allstate by 1.3% during the first quarter. Linscomb Wealth Inc. now owns 4,079 shares of the insurance provider’s stock valued at $845,000 after buying an additional 54 shares during the period. Ancora Advisors LLC increased its position in shares of Allstate by 0.7% during the first quarter. Ancora Advisors LLC now owns 8,402 shares of the insurance provider’s stock valued at $1,740,000 after buying an additional 55 shares during the period. Finally, Cooper Financial Group increased its position in shares of Allstate by 5.5% during the second quarter. Cooper Financial Group now owns 1,057 shares of the insurance provider’s stock valued at $213,000 after buying an additional 55 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BMO Capital Markets upped their price target on Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Evercore ISI set a $233.00 price objective on Allstate and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Barclays reissued an “underweight” rating and set a $198.00 price objective (up previously from $188.00) on shares of Allstate in a report on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Allstate in a report on Friday. Finally, Wells Fargo & Company cut their price objective on Allstate from $200.00 to $197.00 and set an “equal weight” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.27.

Allstate Stock Down 0.6%

Shares of ALL opened at $193.37 on Friday. The firm has a market cap of $50.95 billion, a P/E ratio of 9.09, a P/E/G ratio of 0.70 and a beta of 0.38. The stock has a 50 day simple moving average of $204.27 and a two-hundred day simple moving average of $201.08. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.70.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, topping 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 return on equity of 28.74% and a net margin of 8.79%.Allstate’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.61 earnings per share. On average, analysts forecast 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.