The Allstate Corporation $ALL Shares Sold by Purkiss Capital Advisors LLC

Purkiss Capital Advisors LLC lowered its holdings in shares of The Allstate Corporation (NYSE:ALL) by 6.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,359 shares of the insurance provider’s stock after selling 100 shares during the period. Purkiss Capital Advisors LLC’s holdings in Allstate were worth $274,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Arlington Trust Co LLC boosted its stake in shares of Allstate by 261.8% during the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock worth $25,000 after buying an additional 89 shares during the period. Hughes Financial Services LLC purchased a new stake in Allstate during the 1st quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd lifted its position in Allstate by 315.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 126 shares during the period. Hilltop National Bank purchased a new position in shares of Allstate in the 2nd quarter valued at approximately $34,000. Finally, Chilton Capital Management LLC acquired a new position in shares of Allstate in the second quarter valued at approximately $38,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Performance

NYSE ALL opened at $192.99 on Tuesday. The business has a 50 day moving average price of $203.99 and a 200 day moving average price of $201.13. The company has a market capitalization of $50.85 billion, a P/E ratio of 9.07, a PEG ratio of 0.70 and a beta of 0.38. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $215.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43.

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

Analysts Set New Price Targets

ALL has been the topic of several analyst reports. Evercore ISI set a $233.00 target price on shares of Allstate and gave the company an “in-line” rating in a report on Wednesday, October 1st. Wolfe Research raised Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. Jefferies Financial Group increased their target price on Allstate from $254.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Cantor Fitzgerald upgraded Allstate to a “hold” rating in a research note on Wednesday, August 13th. Finally, Morgan Stanley upped their price objective on Allstate from $235.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and a consensus target price of $234.27.

About Allstate

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.