Premier Path Wealth Partners LLC Buys 167 Shares of The Allstate Corporation $ALL

Premier Path Wealth Partners LLC grew its stake in The Allstate Corporation (NYSE:ALL) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,457 shares of the insurance provider’s stock after purchasing an additional 167 shares during the period. Premier Path Wealth Partners LLC’s holdings in Allstate were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ALL. Price T Rowe Associates Inc. MD grew its stake in shares of Allstate by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock valued at $2,424,710,000 after purchasing an additional 2,374,684 shares during the period. Boston Partners boosted its holdings in shares of Allstate by 613.9% in the 1st quarter. Boston Partners now owns 2,482,654 shares of the insurance provider’s stock worth $512,627,000 after acquiring an additional 2,134,893 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Allstate by 27.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider’s stock worth $482,073,000 after acquiring an additional 497,982 shares in the last quarter. Strs Ohio acquired a new position in shares of Allstate in the 1st quarter worth approximately $84,408,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Allstate by 20.3% in the 1st quarter. AQR Capital Management LLC now owns 2,018,403 shares of the insurance provider’s stock worth $417,244,000 after acquiring an additional 340,150 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Allstate Stock Performance

Shares of Allstate stock opened at $191.73 on Friday. The firm has a fifty day moving average of $202.83 and a two-hundred day moving average of $201.05. The stock has a market capitalization of $50.52 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 0.69 and a beta of 0.38. 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.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. BMO Capital Markets lifted their price objective on Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lifted their price objective on Allstate from $235.00 to $254.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Wolfe Research upgraded Allstate to a “strong-buy” rating in a research report on Tuesday, September 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a research report on Wednesday, October 8th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $260.00 price objective (up previously from $250.00) on shares of Allstate in a research report on Monday, August 4th. Two investment 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 given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.