FNY Investment Advisers LLC Invests $268,000 in The Allstate Corporation $ALL

FNY Investment Advisers LLC bought a new stake in The Allstate Corporation (NYSE:ALL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,333 shares of the insurance provider's stock, valued at approximately $268,000.

Several other institutional investors have also recently added to or reduced their stakes in ALL. Price T Rowe Associates Inc. MD increased its stake in Allstate by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider's stock valued at $2,424,710,000 after purchasing an additional 2,374,684 shares during the last quarter. Boston Partners increased its stake in Allstate by 613.9% in the first quarter. Boston Partners now owns 2,482,654 shares of the insurance provider's stock valued at $512,627,000 after purchasing an additional 2,134,893 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Allstate by 27.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider's stock valued at $482,073,000 after purchasing an additional 497,982 shares during the last quarter. Strs Ohio acquired a new position in Allstate in the first quarter valued at $84,408,000. Finally, AQR Capital Management LLC increased its stake in Allstate by 20.3% in the first quarter. AQR Capital Management LLC now owns 2,018,403 shares of the insurance provider's stock valued at $417,244,000 after purchasing an additional 340,150 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Price Performance

Shares of NYSE ALL opened at $194.63 on Thursday. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $215.70. The business has a 50-day moving average of $204.82 and a 200-day moving average of $200.79. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $51.29 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.70 and a beta of 0.38.

Allstate (NYSE:ALL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, topping 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 company had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter in the prior year, the business earned $1.61 earnings per share. The company's revenue was up 5.8% compared to the same quarter last year. On average, equities analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ALL shares. Cantor Fitzgerald raised Allstate to a "hold" rating in a research report on Wednesday, August 13th. Weiss Ratings reissued a "buy (b)" rating on shares of Allstate in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on Allstate from $235.00 to $254.00 and gave the company an "overweight" rating in a research report on Thursday, October 9th. Raymond James Financial reissued a "strong-buy" rating and set a $260.00 price target (up previously from $250.00) on shares of Allstate in a research report on Monday, August 4th. Finally, Jefferies Financial Group boosted their price target on Allstate from $254.00 to $255.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $234.60.

About Allstate

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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