AustralianSuper Pty Ltd Trims Holdings in The Allstate Corporation $ALL

AustralianSuper Pty Ltd cut its holdings in The Allstate Corporation (NYSE:ALL) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 501,614 shares of the insurance provider’s stock after selling 7,335 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.19% of Allstate worth $100,980,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ALL. Arlington Trust Co LLC boosted its stake in 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 position in Allstate in the 1st quarter worth about $28,000. Caitong International Asset Management Co. Ltd boosted its stake in Allstate by 315.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 126 shares in the last quarter. Hilltop National Bank bought a new position in Allstate in the 2nd quarter worth about $34,000. Finally, Chilton Capital Management LLC bought a new position in Allstate in the 2nd quarter worth about $38,000. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

ALL opened at $193.37 on Monday. 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 $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 company’s 50-day simple moving average is $204.27 and its two-hundred day simple moving average is $201.14. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.70.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Evercore ISI set a $233.00 price target on shares of Allstate and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Morgan Stanley upped their price target on shares of Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Cantor Fitzgerald upgraded shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a research note on Friday. Finally, Wolfe Research upgraded shares of Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $234.27.

Allstate 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.