Headland Capital LLC Grows Position in The Allstate Corporation $ALL

Headland Capital LLC raised its position in The Allstate Corporation (NYSE:ALL) by 57.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,805 shares of the insurance provider’s stock after buying an additional 660 shares during the quarter. Headland Capital LLC’s holdings in Allstate were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Atlantic Union Bankshares Corp raised its position in Allstate by 4.2% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 4,331 shares of the insurance provider’s stock valued at $872,000 after purchasing an additional 176 shares during the last quarter. Trillium Asset Management LLC raised its holdings in shares of Allstate by 6.8% in the second quarter. Trillium Asset Management LLC now owns 1,500 shares of the insurance provider’s stock valued at $302,000 after buying an additional 95 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of Allstate by 0.7% in the second quarter. Moors & Cabot Inc. now owns 18,143 shares of the insurance provider’s stock valued at $3,652,000 after buying an additional 130 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in shares of Allstate by 4.2% during the second quarter. GPS Wealth Strategies Group LLC now owns 3,808 shares of the insurance provider’s stock worth $767,000 after buying an additional 155 shares during the period. Finally, Commonwealth Retirement Investments LLC grew its holdings in shares of Allstate by 103.5% during the second quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock worth $2,609,000 after buying an additional 6,590 shares during the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Up 1.6%

Allstate stock opened at $197.91 on Friday. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $215.70. The firm has a market capitalization of $52.15 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35. The stock’s fifty day moving average is $201.89 and its two-hundred day moving average is $201.03. 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 released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, beating the consensus estimate of $5.48 by $5.69. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business had revenue of $17.26 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same period in the prior year, the business earned $3.91 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Analysts Set New Price Targets

ALL has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on Allstate from $200.00 to $197.00 and set an “equal weight” rating for the company in a research note on Friday, October 24th. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a research note on Wednesday, October 8th. Jefferies Financial Group lifted their price objective on shares of Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, August 11th. UBS Group upped their price objective on shares of Allstate from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Citigroup raised shares of Allstate to a “hold” rating in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $234.67.

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.