Mesirow Financial Investment Management Inc. Sells 397 Shares of The Allstate Corporation $ALL

Mesirow Financial Investment Management Inc. trimmed its stake in The Allstate Corporation (NYSE:ALL) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,517 shares of the insurance provider’s stock after selling 397 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Allstate were worth $12,586,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Simon Quick Advisors LLC raised its stake in shares of Allstate by 20.4% in the 2nd quarter. Simon Quick Advisors LLC now owns 2,934 shares of the insurance provider’s stock valued at $591,000 after acquiring an additional 497 shares in the last quarter. Amalgamated Bank raised its stake in shares of Allstate by 0.9% in the 2nd quarter. Amalgamated Bank now owns 52,368 shares of the insurance provider’s stock valued at $10,542,000 after acquiring an additional 459 shares in the last quarter. Savvy Advisors Inc. raised its stake in shares of Allstate by 34.8% in the 2nd quarter. Savvy Advisors Inc. now owns 1,684 shares of the insurance provider’s stock valued at $339,000 after acquiring an additional 435 shares in the last quarter. Assetmark Inc. raised its stake in shares of Allstate by 6.9% in the 2nd quarter. Assetmark Inc. now owns 49,579 shares of the insurance provider’s stock valued at $9,981,000 after acquiring an additional 3,182 shares in the last quarter. Finally, Premier Path Wealth Partners LLC raised its stake in shares of Allstate by 7.3% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,457 shares of the insurance provider’s stock valued at $495,000 after acquiring an additional 167 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Allstate Stock Performance

ALL opened at $191.73 on Friday. The stock has a market cap of $50.52 billion, a PE ratio of 9.01, a P/E/G ratio of 0.69 and a beta of 0.38. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.70. The stock’s 50 day simple moving average is $202.83 and its 200-day simple moving average is $201.05.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on ALL. Barclays reissued an “underweight” rating and issued a $198.00 price objective (up from $188.00) on shares of Allstate in a research note on Thursday, July 31st. Keefe, Bruyette & Woods lifted their price target on Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Jefferies Financial Group lifted their price target on Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Cantor Fitzgerald raised Allstate to a “hold” rating in a research report on Wednesday, August 13th. Finally, UBS Group lifted their price target on Allstate from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and an average target price of $234.27.

About Allstate

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.