The Allstate Corporation $ALL Shares Sold by Keybank National Association OH

Keybank National Association OH cut its holdings in shares of The Allstate Corporation (NYSE:ALL) by 4.7% during the third quarter, HoldingsChannel.com reports. The firm owned 112,811 shares of the insurance provider’s stock after selling 5,622 shares during the period. Keybank National Association OH’s holdings in Allstate were worth $25,028,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ALL. D Orazio & Associates Inc. increased its position in Allstate by 20.6% during the 3rd quarter. D Orazio & Associates Inc. now owns 1,410 shares of the insurance provider’s stock valued at $313,000 after buying an additional 241 shares in the last quarter. 71 West Capital Partners raised its stake in Allstate by 8.0% in the third quarter. 71 West Capital Partners now owns 2,737 shares of the insurance provider’s stock valued at $607,000 after buying an additional 202 shares during the last quarter. Welch & Forbes LLC boosted its holdings in Allstate by 17.1% in the third quarter. Welch & Forbes LLC now owns 7,779 shares of the insurance provider’s stock worth $1,726,000 after acquiring an additional 1,134 shares in the last quarter. Gryphon Financial Partners LLC boosted its holdings in Allstate by 2.7% in the third quarter. Gryphon Financial Partners LLC now owns 9,507 shares of the insurance provider’s stock worth $2,109,000 after acquiring an additional 248 shares in the last quarter. Finally, AlphaCore Capital LLC boosted its holdings in Allstate by 87.7% in the third quarter. AlphaCore Capital LLC now owns 14,870 shares of the insurance provider’s stock worth $3,314,000 after acquiring an additional 6,946 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ALL shares. Raymond James Financial restated a “strong-buy” rating and set a $315.00 price target (up from $300.00) on shares of Allstate in a research note on Tuesday, August 11th. Roth Capital set a $300.00 price objective on shares of Allstate in a research report on Thursday, August 6th. Wall Street Zen cut shares of Allstate from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Bank of America lifted their target price on shares of Allstate from $336.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Finally, 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 report on Friday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $273.48.

Allstate Stock Performance

Shares of ALL stock opened at $262.01 on Thursday. The firm has a market capitalization of $64.84 billion, a price-to-earnings ratio of 5.93, a price-to-earnings-growth ratio of 0.56 and a beta of 0.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.37 and a quick ratio of 0.37. The business has a fifty day moving average of $245.92 and a 200 day moving average of $230.81. The Allstate Corporation has a 1 year low of $191.13 and a 1 year high of $281.11.

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

Allstate Company Profile

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.