Simon Quick Advisors LLC Increases Position in The Allstate Corporation $ALL

Simon Quick Advisors LLC lifted its position in The Allstate Corporation (NYSE:ALL) by 20.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,934 shares of the insurance provider’s stock after purchasing an additional 497 shares during the period. Simon Quick Advisors LLC’s holdings in Allstate were worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rehmann Capital Advisory Group boosted 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 worth $338,000 after acquiring an additional 51 shares during the last quarter. Linscomb Wealth Inc. boosted 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 worth $845,000 after acquiring an additional 54 shares during the last quarter. Ancora Advisors LLC boosted 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 worth $1,740,000 after acquiring an additional 55 shares during the last quarter. Cooper Financial Group boosted 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 worth $213,000 after acquiring an additional 55 shares during the last quarter. Finally, Bank of Hawaii boosted its position in shares of Allstate by 1.4% during the first quarter. Bank of Hawaii now owns 4,046 shares of the insurance provider’s stock worth $838,000 after acquiring an additional 56 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ALL. Roth Capital set a $230.00 target price on shares of Allstate and gave the stock a “buy” rating in a research report on Friday, September 26th. Wolfe Research upgraded shares of Allstate to a “strong-buy” rating in a research report on Tuesday, September 16th. Evercore ISI set a $233.00 price objective on shares of Allstate and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Citigroup upgraded shares of Allstate to a “hold” rating in a research report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $237.00 to $246.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $234.27.

Allstate Price Performance

Allstate stock opened at $191.71 on Friday. The firm has a 50-day moving average price of $202.56 and a 200-day moving average price of $201.07. The firm has a market capitalization of $50.52 billion, a PE ratio of 9.01, a price-to-earnings-growth 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 12-month low of $176.00 and a 12-month high of $215.70.

Allstate (NYSE:ALL) last released 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 firm had revenue of $15.05 billion during the quarter, compared to analyst estimates of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $1.61 EPS. As a group, equities research analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.

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.