2,906 The Allstate Corporation $ALL Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. trimmed its holdings in The Allstate Corporation (NYSE:ALL) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,692 shares of the insurance provider’s stock after selling 2,906 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Allstate were worth $12,355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ALL. Lido Advisors LLC boosted its holdings in shares of Allstate by 5.9% during the third quarter. Lido Advisors LLC now owns 38,553 shares of the insurance provider’s stock worth $8,554,000 after purchasing an additional 2,141 shares during the period. D Orazio & Associates Inc. grew its position in Allstate by 20.6% during the third quarter. D Orazio & Associates Inc. now owns 1,410 shares of the insurance provider’s stock valued at $313,000 after purchasing an additional 241 shares in the last quarter. 71 West Capital Partners grew its position in Allstate by 8.0% during the third quarter. 71 West Capital Partners now owns 2,737 shares of the insurance provider’s stock valued at $607,000 after purchasing an additional 202 shares in the last quarter. Welch & Forbes LLC increased its stake in Allstate by 17.1% in the 3rd quarter. Welch & Forbes LLC now owns 7,779 shares of the insurance provider’s stock valued at $1,726,000 after buying an additional 1,134 shares during the period. Finally, Gryphon Financial Partners LLC increased its stake in Allstate by 2.7% in the 3rd quarter. Gryphon Financial Partners LLC now owns 9,507 shares of the insurance provider’s stock valued at $2,109,000 after buying an additional 248 shares during the period. Institutional investors own 76.47% of the company’s stock.

Key Stories Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: UBS raised its price target to $283 from $275, implying about 8.3% upside from $261.31. The firm kept a neutral rating, so the higher valuation is supportive but not a bullish endorsement. UBS analyst recommendations
• Neutral Sentiment: Morgan Stanley lifted its target to $260 from $240 but maintained an equal-weight rating; its revised target is slightly below the quoted share price. Morgan Stanley analyst recommendations
• Neutral Sentiment: Allstate published Thanksgiving driving-risk findings from its Drivewise data, including a sharp increase in high-speed driving on Thanksgiving morning. The report may support brand visibility but does not indicate a direct earnings impact. Allstate Thanksgiving Driver Report
• Neutral Sentiment: Allstate CEO Tom Wilson appeared in a CNBC interview; the provided item does not specify comments likely to affect the company’s outlook. CNBC interview with Allstate CEO Tom Wilson
• Negative Sentiment: Keefe, Bruyette & Woods raised its target to $241 from $232 but retained an underperform rating, implying about 7.8% downside from $261.31. Keefe, Bruyette & Woods analyst recommendations
• Negative Sentiment: Other recent reports cited HSBC cutting Allstate to hold and price targets raised to $252 and $225—both below the quoted share price. HSBC cuts Allstate to hold Allstate price target raised to $252 Allstate price target raised to $225

Analyst Ratings Changes

A number of equities research analysts have issued reports on ALL shares. Roth Capital set a $300.00 target price on shares of Allstate in a research note on Thursday, August 6th. The Goldman Sachs Group dropped their price target on shares of Allstate from $280.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, October 1st. Morgan Stanley increased their price objective on Allstate from $240.00 to $260.00 and gave the stock an “equal weight” rating in a report on Tuesday. HSBC cut Allstate from a “buy” rating to a “hold” rating and set a $271.00 price objective for the company. in a research report on Friday, November 6th. Finally, Wall Street Zen cut Allstate from a “buy” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Allstate presently has an average rating of “Hold” and an average target price of $273.48.

Allstate Stock Performance

Shares of NYSE ALL opened at $261.31 on Wednesday. The business’s 50-day simple moving average is $245.83 and its 200-day simple moving average is $230.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.37 and a current ratio of 0.37. The Allstate Corporation has a 52 week low of $191.13 and a 52 week high of $281.11. The firm has a market cap of $64.66 billion, a price-to-earnings ratio of 5.92, a P/E/G ratio of 0.55 and a beta of 0.13.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.89 by $2.87. The business had revenue of $17.35 billion for the quarter, compared to analyst estimates of $15.87 billion. Allstate had a net margin of 16.57% and a return on equity of 38.37%. Allstate’s revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $11.17 EPS. As a group, equities research analysts expect that The Allstate Corporation will post 36.95 earnings per share for the current fiscal year.

About Allstate

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance. The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.