5,860 The Allstate Corporation $ALL Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its holdings in shares of The Allstate Corporation (NYSE:ALL) by 512.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,004 shares of the insurance provider’s stock after acquiring an additional 5,860 shares during the period. Fulcrum Asset Management LLP’s holdings in Allstate were worth $1,579,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ALL. Gables Capital Management Inc. acquired a new position in Allstate in the second quarter worth about $26,000. Kelleher Financial Advisors bought a new stake in shares of Allstate in the 2nd quarter valued at approximately $28,000. Allied Private Wealth LLC bought a new stake in shares of Allstate in the 2nd quarter valued at approximately $29,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Allstate in the 1st quarter valued at approximately $30,000. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of Allstate in the 3rd quarter worth approximately $30,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Mizuho dropped their price objective on Allstate from $300.00 to $295.00 and set an “outperform” rating for the company in a research note on Wednesday, October 7th. HSBC downgraded shares of Allstate from a “buy” rating to a “hold” rating and set a $271.00 target price on the stock. in a research note on Friday, November 6th. BMO Capital Markets upped their target price on shares of Allstate from $250.00 to $284.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. Jefferies Financial Group dropped their target price on shares of Allstate from $310.00 to $292.00 and set a “buy” rating for the company in a research report on Tuesday, October 6th. Finally, Bank of America lifted their price target on shares of Allstate from $336.00 to $340.00 and gave the company a “buy” rating in a report on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $273.48.

Allstate Stock Up 0.3%

NYSE ALL opened at $262.01 on Thursday. The firm has a market cap of $64.84 billion, a PE ratio of 5.97, a price-to-earnings-growth ratio of 0.56 and a beta of 0.13. The Allstate Corporation has a one year low of $191.13 and a one year high of $281.11. The stock’s 50 day simple moving average is $245.92 and its 200 day simple moving average is $230.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.37 and a quick ratio of 0.37.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $2.87. Allstate had a return on equity of 38.37% and a net margin of 16.57%. The firm had revenue of $17.35 billion during the quarter, compared to the consensus estimate of $15.87 billion. During the same quarter in the previous year, the company posted $11.17 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, sell-side analysts forecast that The Allstate Corporation will post 37.33 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.