5,468 Shares in The Allstate Corporation $ALL Bought by CenterBook Partners LP

CenterBook Partners LP acquired a new position in shares of The Allstate Corporation (NYSE:ALL - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,468 shares of the insurance provider's stock, valued at approximately $1,213,000.

Several other large investors also recently made changes to their positions in ALL. Gables Capital Management Inc. purchased a new stake in Allstate during the 2nd quarter worth $26,000. Kelleher Financial Advisors purchased a new position in Allstate in the second quarter valued at about $28,000. Allied Private Wealth LLC acquired a new position in shares of Allstate during the second quarter worth about $29,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Allstate during the first quarter worth about $30,000. Finally, Highland Investment Advisors LLC acquired a new position in shares of Allstate during the second quarter worth about $31,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Allstate Stock Down 0.4%

Shares of NYSE ALL opened at $253.80 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Corporation has a 1 year low of $191.13 and a 1 year high of $281.11. The stock's 50-day simple moving average is $245.77 and its 200-day simple moving average is $230.14. The firm has a market cap of $64.18 billion, a price-to-earnings ratio of 6.16, a PEG ratio of 0.59 and a beta of 0.13.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $9.76 EPS for the quarter, beating analysts' consensus estimates of $6.89 by $2.87. Allstate had a return on equity of 38.48% 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 prior year, the business posted $11.17 earnings per share. Allstate's revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts anticipate that The Allstate Corporation will post 36.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of recent research reports. Atlantic Securities set a $319.00 target price on Allstate in a research note on Wednesday, July 15th. Wells Fargo & Company boosted their price target on Allstate from $236.00 to $252.00 and gave the stock an "equal weight" rating in a research report on Friday. Roth Capital set a $300.00 price target on Allstate in a report on Thursday, August 6th. Keefe, Bruyette & Woods lowered their price objective on shares of Allstate from $250.00 to $232.00 and set an "underperform" rating for the company in a research report on Monday, October 12th. Finally, Morgan Stanley reduced their target price on shares of Allstate from $265.00 to $240.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $271.71.

Allstate 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.

Founded in 1931 as part of Sears, Roebuck and Co, Allstate became an independent, publicly traded company in 1993.

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