Mattson Financial Services LLC Has $900,000 Stock Holdings in The Allstate Corporation $ALL

Key Points

• Mattson Financial Services LLC significantly increased its stake in The Allstate Corporation by 1,836.4%, reaching a total of $900,000 in holdings.
• The Allstate Corporation reported an earnings per share (EPS) of $5.94 for the last quarter, exceeding the consensus estimate of $3.20.
• As of recent reports, institutional investors own 76.47% of Allstate's stock, indicating strong institutional interest in the company.

Mattson Financial Services LLC raised its position in The Allstate Corporation (NYSE:ALL - Free Report) by 1,836.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,473 shares of the insurance provider's stock after buying an additional 4,242 shares during the quarter. Mattson Financial Services LLC's holdings in Allstate were worth $900,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ALL. Brighton Jones LLC grew its holdings in Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock valued at $1,253,000 after buying an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Allstate during the 4th quarter worth $231,000. GAMMA Investing LLC grew its holdings in shares of Allstate by 21.3% during the 1st quarter. GAMMA Investing LLC now owns 6,152 shares of the insurance provider's stock worth $1,274,000 after purchasing an additional 1,082 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Allstate by 0.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 118,950 shares of the insurance provider's stock worth $24,631,000 after purchasing an additional 631 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Allstate by 21.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 66,096 shares of the insurance provider's stock worth $13,687,000 after purchasing an additional 11,820 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Price Performance

Shares of ALL stock opened at $194.86 on Friday. 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 twelve month low of $176.00 and a twelve month high of $215.70. The company has a market cap of $51.35 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.74 and a beta of 0.38. The business has a fifty day simple moving average of $205.83 and a 200 day simple moving average of $200.98.

Allstate (NYSE:ALL - Get Free Report) last posted 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. The firm had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $1.61 earnings per share. On average, sell-side analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on ALL shares. Cantor Fitzgerald raised Allstate to a "hold" rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods increased their target price on Allstate from $237.00 to $246.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Jefferies Financial Group increased their target price on Allstate from $254.00 to $255.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Weiss Ratings restated a "buy (b)" rating on shares of Allstate in a research report on Wednesday, October 8th. Finally, Roth Capital set a $230.00 price objective on Allstate and gave the stock a "buy" rating in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Allstate presently has a consensus rating of "Moderate Buy" and an average target price of $234.50.

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.

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