Los Angeles Capital Management LLC Sells 98,400 Shares of The Allstate Corporation $ALL

Los Angeles Capital Management LLC decreased its position in The Allstate Corporation (NYSE:ALL) by 20.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 391,394 shares of the insurance provider’s stock after selling 98,400 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.15% of Allstate worth $78,792,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Arlington Trust Co LLC raised its position in Allstate by 261.8% during the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 89 shares during the last quarter. Hughes Financial Services LLC purchased a new position in shares of Allstate during the first quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Allstate by 315.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 126 shares in the last quarter. Hilltop National Bank purchased a new stake in Allstate in the second quarter worth $34,000. Finally, Meeder Asset Management Inc. boosted its holdings in Allstate by 113.8% in the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 99 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on ALL. Wells Fargo & Company upped their price objective on shares of Allstate from $202.00 to $216.00 and gave the stock an “equal weight” rating in a report on Friday. Evercore ISI set a $233.00 price target on shares of Allstate and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Cantor Fitzgerald upgraded shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Jefferies Financial Group lifted their price objective on Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Finally, Roth Capital set a $230.00 target price on Allstate and gave the stock a “buy” rating in a research report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.53.

Allstate Price Performance

Shares of NYSE:ALL opened at $202.29 on Friday. The business has a fifty day moving average price of $201.86 and a 200-day moving average price of $201.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $53.30 billion, a PE ratio of 9.51, a PEG ratio of 0.69 and a beta of 0.35. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $215.70.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, beating the consensus estimate of $5.48 by $5.69. The company had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. Allstate’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.91 EPS. As a group, equities analysts expect that The Allstate Corporation will post 18.74 EPS for the current fiscal 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.