The Allstate Corporation $ALL Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc decreased its position in The Allstate Corporation (NYSE:ALL) by 14.7% during the second quarter, Holdings Channel reports. The firm owned 2,315 shares of the insurance provider’s stock after selling 398 shares during the quarter. Prospera Financial Services Inc’s holdings in Allstate were worth $466,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ALL. Price T Rowe Associates Inc. MD lifted its stake in Allstate by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock worth $2,424,710,000 after acquiring an additional 2,374,684 shares during the last quarter. Boston Partners increased its position in shares of Allstate by 613.9% in the 1st quarter. Boston Partners now owns 2,482,654 shares of the insurance provider’s stock valued at $512,627,000 after purchasing an additional 2,134,893 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Allstate by 27.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider’s stock valued at $482,073,000 after purchasing an additional 497,982 shares in the last quarter. Strs Ohio purchased a new stake in shares of Allstate during the 1st quarter worth $84,408,000. Finally, AQR Capital Management LLC grew its stake in shares of Allstate by 20.3% during the first quarter. AQR Capital Management LLC now owns 2,018,403 shares of the insurance provider’s stock worth $417,244,000 after purchasing an additional 340,150 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Trading Up 1.5%

NYSE:ALL opened at $214.25 on Friday. The company has a market capitalization of $56.06 billion, a PE ratio of 10.07, 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 $202.35 and its 200 day moving average price is $201.65. 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.

Wall Street Analyst Weigh In

ALL has been the topic of a number of analyst reports. Wolfe Research upgraded Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. Wall Street Zen downgraded Allstate from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Evercore ISI set a $233.00 target price on Allstate and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. UBS Group upped their price target on Allstate from $250.00 to $255.00 and gave the company a “buy” rating in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Allstate in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and a consensus target price of $237.64.

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.