Courier Capital LLC Sells 400 Shares of The Allstate Corporation $ALL

Courier Capital LLC reduced its position in shares of The Allstate Corporation (NYSE:ALL) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,338 shares of the insurance provider’s stock after selling 400 shares during the period. Courier Capital LLC’s holdings in Allstate were worth $672,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Sagespring Wealth Partners LLC boosted its holdings in shares of Allstate by 5.5% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 8,085 shares of the insurance provider’s stock worth $1,628,000 after buying an additional 423 shares during the period. TD Asset Management Inc boosted its holdings in shares of Allstate by 14.4% during the 2nd quarter. TD Asset Management Inc now owns 269,666 shares of the insurance provider’s stock worth $54,286,000 after buying an additional 34,006 shares during the period. RFG Advisory LLC boosted its holdings in shares of Allstate by 54.8% during the 2nd quarter. RFG Advisory LLC now owns 2,271 shares of the insurance provider’s stock worth $457,000 after buying an additional 804 shares during the period. NorthRock Partners LLC boosted its holdings in shares of Allstate by 6.1% during the 2nd quarter. NorthRock Partners LLC now owns 6,923 shares of the insurance provider’s stock worth $1,401,000 after buying an additional 399 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Allstate by 12.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 52,846 shares of the insurance provider’s stock worth $10,639,000 after buying an additional 5,739 shares during the period. 76.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ALL. Wells Fargo & Company set a $202.00 price target on shares of Allstate and gave the company an “equal weight” rating in a report on Tuesday, August 5th. Raymond James Financial reissued a “strong-buy” rating and issued a $260.00 price target (up from $250.00) on shares of Allstate in a report on Monday, August 4th. Roth Capital set a $230.00 price target on shares of Allstate and gave the company a “buy” rating in a report on Friday, September 26th. Cantor Fitzgerald raised shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Finally, UBS Group increased their price target on shares of Allstate from $235.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.50.

Allstate Trading Up 1.9%

Shares of ALL stock opened at $209.56 on Wednesday. The Allstate Corporation has a 52-week low of $176.00 and a 52-week high of $215.70. The stock has a market cap of $55.22 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 0.76 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. The firm has a fifty day moving average of $206.20 and a 200-day moving average of $201.07.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, beating 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 company had revenue of $15.05 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the prior year, the company posted $1.61 EPS. The business’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current fiscal 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.