Profund Advisors LLC Cuts Position in The Allstate Corporation $ALL

Profund Advisors LLC trimmed its position in shares of The Allstate Corporation (NYSE:ALL) by 18.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,963 shares of the insurance provider’s stock after selling 657 shares during the quarter. Profund Advisors LLC’s holdings in Allstate were worth $596,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Arlington Trust Co LLC increased its position in shares of Allstate by 261.8% during the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 89 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Allstate by 315.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 126 shares during the period. Hilltop National Bank purchased a new stake in Allstate during the 2nd quarter worth about $34,000. Meeder Asset Management Inc. raised its position in Allstate by 113.8% in the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 99 shares in the last quarter. Finally, Chilton Capital Management LLC purchased a new position in shares of Allstate in the 2nd quarter valued at about $38,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $246.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday. Citigroup raised shares of Allstate to a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. 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. Finally, Morgan Stanley upped their price objective on Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $237.13.

Allstate Trading Up 0.9%

NYSE:ALL opened at $209.16 on Thursday. The company has a market capitalization of $54.73 billion, a PE ratio of 9.83, a P/E/G ratio of 0.69 and a beta of 0.35. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.70. The stock’s 50 day moving average price is $202.04 and its 200 day moving average price is $201.45. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, beating the consensus estimate of $5.48 by $5.69. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.91 earnings per share. On average, research analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current year.

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.