The Allstate Corporation $ALL Shares Bought by GDS Wealth Management

GDS Wealth Management grew its holdings in The Allstate Corporation (NYSE:ALL) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,655 shares of the insurance provider’s stock after acquiring an additional 1,303 shares during the period. Allstate comprises approximately 1.4% of GDS Wealth Management’s holdings, making the stock its 24th biggest holding. GDS Wealth Management’s holdings in Allstate were worth $18,854,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ALL. Brighton Jones LLC lifted its stake in shares of Allstate by 60.2% during the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after purchasing an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Allstate during the 4th quarter valued at about $231,000. Private Advisor Group LLC lifted its position in Allstate by 0.9% during the 1st quarter. Private Advisor Group LLC now owns 18,007 shares of the insurance provider’s stock worth $3,729,000 after acquiring an additional 167 shares in the last quarter. IFP Advisors Inc boosted its holdings in Allstate by 15.4% in the 1st quarter. IFP Advisors Inc now owns 1,032 shares of the insurance provider’s stock worth $214,000 after acquiring an additional 138 shares during the period. Finally, Crestwood Advisors Group LLC grew its position in Allstate by 23.1% in the first quarter. Crestwood Advisors Group LLC now owns 1,514 shares of the insurance provider’s stock valued at $314,000 after acquiring an additional 284 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALL has been the topic of a number of recent research reports. BMO Capital Markets boosted their target price on shares of Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Evercore ISI set a $233.00 price objective on shares of Allstate and gave the stock an “in-line” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. raised their target price on Allstate from $254.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Citigroup raised Allstate to a “hold” rating in a research report on Wednesday, August 13th. Finally, Cantor Fitzgerald raised Allstate to a “hold” rating in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $237.64.

Allstate Stock Down 0.0%

NYSE:ALL opened at $209.89 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market capitalization of $54.92 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35. The Allstate Corporation has a one year low of $176.00 and a one year high of $215.70. The stock has a 50-day simple moving average of $202.92 and a 200 day simple moving average of $201.91.

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

Insiders Place Their Bets

In other Allstate news, insider Suren Gupta sold 400 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $215.22, for a total value of $86,088.00. Following the sale, the insider directly owned 100,646 shares in the company, valued at approximately $21,661,032.12. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

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.