47,528 Shares in The Allstate Corporation $ALL Acquired by Vest Financial LLC

Key Points

• Vest Financial LLC acquired 47,528 shares of The Allstate Corporation, valued at approximately $9.57 million, during Q2 as reported in their recent SEC filing.
• Institutional investors own 76.47% of Allstate's stock, with several firms increasing their positions significantly in the last quarter.
• Allstate's latest earnings report showed an EPS of $5.94, exceeding analyst estimates by $2.74, although revenue fell short of expectations at $15.05 billion.

Vest Financial LLC purchased a new position in shares of The Allstate Corporation (NYSE:ALL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,528 shares of the insurance provider's stock, valued at approximately $9,568,000.

Other large investors have also added to or reduced their stakes in the company. Arlington Trust Co LLC grew its position in Allstate by 261.8% during the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider's stock worth $25,000 after buying an additional 89 shares in the last quarter. Hughes Financial Services LLC acquired a new stake in shares of Allstate in the 1st quarter valued at $28,000. Hilltop National Bank acquired a new stake in shares of Allstate in the 2nd quarter valued at $34,000. Meeder Asset Management Inc. boosted its holdings in shares of Allstate by 113.8% in the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock valued at $39,000 after purchasing an additional 99 shares in the last quarter. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Allstate in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ALL shares. Wall Street Zen raised Allstate from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Cantor Fitzgerald raised Allstate to a "hold" rating in a report on Wednesday, August 13th. UBS Group raised their price objective on Allstate from $235.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price objective on Allstate from $237.00 to $246.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Finally, Barclays reissued an "underweight" rating and set a $198.00 price objective (up previously from $188.00) on shares of Allstate in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Allstate has an average rating of "Moderate Buy" and a consensus price target of $234.50.

Allstate Stock Up 0.1%

Shares of NYSE:ALL opened at $205.80 on Tuesday. The firm has a market cap of $54.23 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.78 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 Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $215.70. The business has a fifty day simple moving average of $206.12 and a 200 day simple moving average of $201.01.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.