Wilmington Savings Fund Society FSB Decreases Holdings in The Allstate Corporation $ALL

Key Points

• Wilmington Savings Fund Society FSB reduced its holdings in The Allstate Corporation by 14.1% during the second quarter, ending up with 7,998 shares valued at $1,610,000.
• Allstate's stock has seen mixed analyst ratings, with a consensus average rating of "Moderate Buy" and target prices ranging from $198 to $255.
• In its latest earnings report, Allstate beat consensus earnings estimates with $5.94 EPS, though its revenue fell short of expectations at $15.05 billion.

Wilmington Savings Fund Society FSB decreased its position in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 14.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,998 shares of the insurance provider's stock after selling 1,317 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Allstate were worth $1,610,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ALL. Brighton Jones LLC boosted its stake in shares of Allstate by 60.2% during the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock worth $1,253,000 after acquiring an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Allstate in the 4th quarter valued at approximately $231,000. GAMMA Investing LLC lifted its stake in Allstate by 21.3% in the 1st quarter. GAMMA Investing LLC now owns 6,152 shares of the insurance provider's stock valued at $1,274,000 after buying an additional 1,082 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Allstate by 0.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 118,950 shares of the insurance provider's stock valued at $24,631,000 after buying an additional 631 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in Allstate by 2.6% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 3,941 shares of the insurance provider's stock valued at $816,000 after buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company's stock.

Analyst Ratings Changes

ALL has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on Allstate from $230.00 to $235.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Evercore ISI set a $233.00 target price on Allstate and gave the company an "in-line" rating in a research note on Wednesday, October 1st. Jefferies Financial Group upped their target price on Allstate from $254.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Barclays reaffirmed an "underweight" rating and issued a $198.00 target price (up previously from $188.00) on shares of Allstate in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald raised Allstate to a "hold" rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Allstate presently has an average rating of "Moderate Buy" and a consensus price target of $234.50.

Allstate Trading Down 4.2%

Shares of ALL opened at $200.67 on Thursday. The stock has a fifty day moving average of $206.03 and a two-hundred day moving average of $201.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market capitalization of $52.88 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.77 and a beta of 0.38. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $215.70.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, beating the consensus estimate of $3.20 by $2.74. The company 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%.Allstate's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 EPS. As a group, analysts forecast that The Allstate Corporation will post 18.74 EPS 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.

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