Homestead Advisers Corp Grows Position in The Allstate Corporation $ALL

Homestead Advisers Corp increased its holdings in The Allstate Corporation (NYSE:ALL) by 0.3% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 351,798 shares of the insurance provider’s stock after buying an additional 1,200 shares during the quarter. Allstate comprises approximately 1.7% of Homestead Advisers Corp’s portfolio, making the stock its 26th biggest position. Homestead Advisers Corp owned about 0.13% of Allstate worth $70,820,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ALL. Brighton Jones LLC lifted its position in Allstate by 60.2% during the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after purchasing an additional 2,443 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Allstate during the 4th quarter valued at $231,000. Mutual Advisors LLC boosted its stake in shares of Allstate by 14.7% in the 1st quarter. Mutual Advisors LLC now owns 2,673 shares of the insurance provider’s stock worth $516,000 after buying an additional 342 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Allstate by 22.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 5,497 shares of the insurance provider’s stock worth $1,138,000 after buying an additional 996 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in shares of Allstate by 830.6% in the first quarter. TD Private Client Wealth LLC now owns 3,741 shares of the insurance provider’s stock worth $775,000 after acquiring an additional 3,339 shares during the period. Institutional investors own 76.47% of the company’s stock.

Allstate Trading Up 2.1%

Allstate stock opened at $195.30 on Wednesday. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $215.70. The firm has a market capitalization of $51.46 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 0.69 and a beta of 0.38. The firm has a 50 day moving average of $202.19 and a 200 day moving average of $201.10. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ALL. Weiss Ratings reissued a “buy (b)” rating on shares of Allstate in a report on Wednesday, October 8th. BMO Capital Markets upped their price target on shares of Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Cantor Fitzgerald raised shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Roth Capital set a $230.00 target price on shares of Allstate and gave the company a “buy” rating in a research report on Friday, September 26th. Finally, Barclays reaffirmed an “underweight” rating and set a $198.00 target price (up from $188.00) on shares of Allstate in a report on Thursday, July 31st. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.