4,560 Shares in The Allstate Corporation $ALL Bought by Applied Finance Capital Management LLC

Key Points

• Applied Finance Capital Management LLC purchased 4,560 shares of The Allstate Corporation, valued at approximately $918,000, indicating a significant investment by the institutional investor.
• Several analysts have increased their price targets for Allstate, with ratings ranging from Strong Buy to Hold, reflecting positive sentiment about the company's stock performance.
• Allstate reported an EPS of $5.94 for the last quarter, exceeding the consensus estimate by $2.74, alongside a revenue of $15.05 billion, which showed a 5.8% increase compared to the previous year.

Applied Finance Capital Management LLC purchased a new position in The Allstate Corporation (NYSE:ALL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,560 shares of the insurance provider's stock, valued at approximately $918,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arlington Trust Co LLC grew its stake in shares of Allstate by 261.8% in the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider's stock worth $25,000 after purchasing an additional 89 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of Allstate in the first quarter worth $28,000. Hilltop National Bank bought a new position in shares of Allstate in the second quarter worth $34,000. Meeder Asset Management Inc. grew its stake in shares of Allstate by 113.8% in the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock worth $39,000 after purchasing an additional 99 shares in the last quarter. Finally, McClarren Financial Advisors Inc. bought a new position in shares of Allstate in the first quarter worth $43,000. Institutional investors own 76.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ALL shares. Jefferies Financial Group increased their price target on Allstate from $254.00 to $255.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Allstate in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on Allstate from $235.00 to $254.00 and gave the company an "overweight" rating in a research note on Thursday, October 9th. Morgan Stanley raised their target price on Allstate from $235.00 to $245.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company set a $202.00 target price on Allstate and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Allstate has a consensus rating of "Moderate Buy" and a consensus price target of $234.60.

Allstate Trading Up 0.6%

Shares of NYSE ALL opened at $195.96 on Friday. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $215.70. The company has a market cap of $51.64 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.72 and a beta of 0.38. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $205.61 and a 200-day simple moving average of $200.90.

Allstate (NYSE:ALL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, beating the consensus estimate of $3.20 by $2.74. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The business had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the prior year, the business posted $1.61 earnings per share. Allstate's revenue was up 5.8% compared to the same quarter last year. Sell-side analysts predict that The Allstate Corporation will post 18.74 EPS for the current year.

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.

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