Freestone Capital Holdings LLC Has $3.85 Million Position in The Allstate Corporation $ALL

Freestone Capital Holdings LLC cut its holdings in The Allstate Corporation (NYSE:ALL) by 9.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,130 shares of the insurance provider’s stock after selling 1,986 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Allstate were worth $3,851,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Atlas Capital Advisors Inc. lifted its stake in shares of Allstate by 197.3% in the first quarter. Atlas Capital Advisors Inc. now owns 6,712 shares of the insurance provider’s stock valued at $1,390,000 after buying an additional 4,454 shares in the last quarter. Richard Bernstein Advisors LLC purchased a new stake in shares of Allstate in the 1st quarter valued at about $3,341,000. Dock Street Asset Management Inc. bought a new stake in Allstate during the first quarter worth about $207,000. Zurich Insurance Group Ltd FI bought a new stake in shares of Allstate in the 1st quarter worth approximately $22,405,000. Finally, Advisors Capital Management LLC purchased a new stake in Allstate during the 1st quarter valued at about $301,000. Institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

ALL has been the topic of several research analyst reports. Wolfe Research raised Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. Evercore ISI set a $233.00 price objective on shares of Allstate and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Citigroup upgraded shares of Allstate to a “hold” rating in a research report on Wednesday, August 13th. UBS Group lifted their target price on Allstate from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Barclays restated an “underweight” rating and issued a $198.00 price target (up from $188.00) on shares of Allstate in a research note on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $234.27.

Allstate Stock Performance

Shares of ALL stock opened at $191.71 on Monday. The Allstate Corporation has a 1 year low of $176.00 and a 1 year 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. The firm has a market cap 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 stock’s 50-day moving average is $202.56 and its two-hundred day moving average is $201.12.

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.