Focus Partners Advisor Solutions LLC Trims Stock Position in The Allstate Co. (NYSE:ALL)

Focus Partners Advisor Solutions LLC lowered its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 50.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,430 shares of the insurance provider's stock after selling 1,469 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Allstate were worth $276,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Intrust Bank NA grew its holdings in Allstate by 0.5% during the 4th quarter. Intrust Bank NA now owns 12,135 shares of the insurance provider's stock valued at $2,340,000 after buying an additional 61 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Allstate by 2.1% in the fourth quarter. Perigon Wealth Management LLC now owns 2,990 shares of the insurance provider's stock worth $571,000 after buying an additional 62 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Allstate by 1.7% in the fourth quarter. Mather Group LLC. now owns 3,616 shares of the insurance provider's stock worth $697,000 after buying an additional 62 shares in the last quarter. Angeles Wealth Management LLC boosted its position in shares of Allstate by 4.6% during the fourth quarter. Angeles Wealth Management LLC now owns 1,403 shares of the insurance provider's stock worth $270,000 after acquiring an additional 62 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Allstate by 4.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,505 shares of the insurance provider's stock valued at $290,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BMO Capital Markets reissued an "outperform" rating on shares of Allstate in a report on Friday, May 16th. Keefe, Bruyette & Woods boosted their target price on Allstate from $228.00 to $235.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company cut their price target on Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Raymond James reaffirmed a "strong-buy" rating and set a $250.00 price objective (up from $240.00) on shares of Allstate in a report on Monday, May 5th. Finally, Evercore ISI raised their target price on shares of Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $225.20.

Allstate Trading Down 1.2%

Shares of Allstate stock traded down $2.47 during trading on Wednesday, hitting $204.78. The stock had a trading volume of 931,112 shares, compared to its average volume of 1,608,109. The Allstate Co. has a 12 month low of $156.66 and a 12 month high of $212.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The firm's fifty day simple moving average is $199.50 and its 200-day simple moving average is $196.56. The stock has a market cap of $54.23 billion, a PE ratio of 12.05, a PEG ratio of 1.01 and a beta of 0.32.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.98 by ($0.45). The firm had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $16.41 billion. Allstate had a return on equity of 28.20% and a net margin of 7.28%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $5.13 EPS. As a group, sell-side analysts expect that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate announced that its board has authorized a share repurchase program on Wednesday, February 26th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the insurance provider to buy up to 3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Allstate Company 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.