SG Americas Securities LLC Trims Holdings in The Allstate Corporation $ALL

SG Americas Securities LLC reduced its holdings in shares of The Allstate Corporation (NYSE:ALL) by 2.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,481 shares of the insurance provider’s stock after selling 480 shares during the period. SG Americas Securities LLC’s holdings in Allstate were worth $3,519,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meridian Wealth Management LLC grew its holdings in shares of Allstate by 27.3% during the second quarter. Meridian Wealth Management LLC now owns 2,595 shares of the insurance provider’s stock worth $522,000 after buying an additional 557 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Allstate by 7.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,948 shares of the insurance provider’s stock valued at $13,075,000 after purchasing an additional 4,346 shares during the last quarter. Grandfield & Dodd LLC increased its holdings in shares of Allstate by 1.5% in the second quarter. Grandfield & Dodd LLC now owns 13,223 shares of the insurance provider’s stock valued at $2,662,000 after purchasing an additional 200 shares during the period. Clearstead Trust LLC increased its holdings in shares of Allstate by 3,800.0% in the second quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 152 shares during the period. Finally, Fiera Capital Corp raised its stake in shares of Allstate by 6.9% during the second quarter. Fiera Capital Corp now owns 2,150 shares of the insurance provider’s stock worth $433,000 after purchasing an additional 139 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Up 0.4%

Shares of NYSE ALL opened at $210.15 on Wednesday. The stock has a market capitalization of $54.99 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $215.70. The firm has a 50-day moving average price of $202.72 and a 200 day moving average price of $201.85. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.48 by $5.69. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same period last year, the company posted $3.91 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ALL. UBS Group lifted their price objective on shares of Allstate from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Wells Fargo & Company boosted their price target on shares of Allstate from $202.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. increased their price target on shares of Allstate from $254.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Jefferies Financial Group lifted their price objective on Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a report on Monday, August 11th. Finally, Citigroup 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, eleven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $237.64.

Insiders Place Their Bets

In related news, insider Suren Gupta sold 1,400 shares of Allstate stock in a transaction on Friday, November 14th. The stock was sold at an average price of $215.02, for a total transaction of $301,028.00. Following the completion of the transaction, the insider directly owned 101,031 shares of the company’s stock, valued at approximately $21,723,685.62. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.70% of the stock is owned by insiders.

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.