Leeward Investments LLC MA Trims Stake in The Allstate Corporation $ALL

Leeward Investments LLC MA reduced its position in shares of The Allstate Corporation (NYSE:ALL) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,702 shares of the insurance provider’s stock after selling 1,546 shares during the quarter. Leeward Investments LLC MA’s holdings in Allstate were worth $15,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC lifted its position in shares of Allstate by 19.3% in the 2nd quarter. Brighton Jones LLC now owns 7,930 shares of the insurance provider’s stock worth $1,596,000 after purchasing an additional 1,284 shares during the period. Mason & Associates Inc increased its stake in Allstate by 30.0% during the 2nd quarter. Mason & Associates Inc now owns 5,562 shares of the insurance provider’s stock valued at $1,120,000 after purchasing an additional 1,285 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs increased its stake in Allstate by 2.8% during the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 10,361 shares of the insurance provider’s stock valued at $2,086,000 after purchasing an additional 287 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its stake in Allstate by 28.5% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 5,251 shares of the insurance provider’s stock valued at $1,055,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Sage Mountain Advisors LLC increased its stake in Allstate by 3.9% during the 2nd quarter. Sage Mountain Advisors LLC now owns 2,351 shares of the insurance provider’s stock valued at $473,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ALL. Evercore ISI set a $233.00 price objective on shares of Allstate and gave the company an “in-line” rating in a report on Wednesday, October 1st. Morgan Stanley upped their price objective on shares of Allstate from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Roth Capital set a $230.00 price objective on shares of Allstate and gave the company a “buy” rating in a report on Friday, September 26th. UBS Group upped their price objective on shares of Allstate from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Allstate from a “buy” rating to a “strong-buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $234.27.

Allstate Stock Performance

Shares of NYSE ALL opened at $193.37 on Friday. The company’s fifty day moving average price is $204.27 and its 200 day moving average price is $201.08. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.70. The company has a market capitalization of $50.95 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.70 and a beta of 0.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The firm had revenue of $15.05 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current year.

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.