HFG Advisors Inc. Invests $250,000 in The Allstate Corporation $ALL

HFG Advisors Inc. bought a new stake in The Allstate Corporation (NYSE:ALL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,243 shares of the insurance provider’s stock, valued at approximately $250,000.

A number of other hedge funds also recently bought and sold shares of the business. Rehmann Capital Advisory Group grew its stake in shares of Allstate by 3.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,630 shares of the insurance provider’s stock worth $338,000 after buying an additional 51 shares in the last quarter. Linscomb Wealth Inc. lifted its holdings in shares of Allstate by 1.3% in the 1st quarter. Linscomb Wealth Inc. now owns 4,079 shares of the insurance provider’s stock valued at $845,000 after acquiring an additional 54 shares during the last quarter. Ancora Advisors LLC grew its position in Allstate by 0.7% in 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 in the last quarter. Cooper Financial Group increased its stake in 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 raised its position in Allstate by 1.4% during the first quarter. Bank of Hawaii now owns 4,046 shares of the insurance provider’s stock valued at $838,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 2.1%

Shares of NYSE ALL opened at $195.30 on Wednesday. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.70. The firm has a market capitalization of $51.46 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 0.69 and a beta of 0.38. The stock has a 50 day moving average price of $202.19 and a 200 day moving average price of $201.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group boosted their target price on Allstate from $235.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Wolfe Research raised shares of Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. BMO Capital Markets lifted their price target on shares of Allstate from $230.00 to $235.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Wall Street Zen raised shares of Allstate from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Allstate from $200.00 to $197.00 and set an “equal weight” rating for the company in a research note on Friday, October 24th. Two 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 issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.