The Allstate Corporation $ALL Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its position in shares of The Allstate Corporation (NYSE:ALL) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,125 shares of the insurance provider’s stock after buying an additional 3,223 shares during the period. Illinois Municipal Retirement Fund’s holdings in Allstate were worth $28,870,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Allstate during the second quarter worth approximately $5,439,448,000. Bank of America Corp DE purchased a new position in Allstate in the 2nd quarter valued at $1,410,362,000. GQG Partners LLC purchased a new position in Allstate in the 2nd quarter valued at $1,245,710,000. Deutsche Bank AG acquired a new stake in Allstate during the 2nd quarter worth $1,008,648,000. Finally, Legal & General Group Plc acquired a new stake in Allstate during the 2nd quarter worth $455,302,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate News Summary

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: UBS raised its price target to $283 from $275, implying about 8.3% upside from $261.31. The firm kept a neutral rating, so the higher valuation is supportive but not a bullish endorsement. UBS analyst recommendations
• Neutral Sentiment: Morgan Stanley lifted its target to $260 from $240 but maintained an equal-weight rating; its revised target is slightly below the quoted share price. Morgan Stanley analyst recommendations
• Neutral Sentiment: Allstate published Thanksgiving driving-risk findings from its Drivewise data, including a sharp increase in high-speed driving on Thanksgiving morning. The report may support brand visibility but does not indicate a direct earnings impact. Allstate Thanksgiving Driver Report
• Neutral Sentiment: Allstate CEO Tom Wilson appeared in a CNBC interview; the provided item does not specify comments likely to affect the company’s outlook. CNBC interview with Allstate CEO Tom Wilson
• Negative Sentiment: Keefe, Bruyette & Woods raised its target to $241 from $232 but retained an underperform rating, implying about 7.8% downside from $261.31. Keefe, Bruyette & Woods analyst recommendations
• Negative Sentiment: Other recent reports cited HSBC cutting Allstate to hold and price targets raised to $252 and $225—both below the quoted share price. HSBC cuts Allstate to hold Allstate price target raised to $252 Allstate price target raised to $225

Allstate Stock Up 3.0%

Shares of NYSE:ALL opened at $261.31 on Wednesday. The Allstate Corporation has a 52-week low of $191.13 and a 52-week high of $281.11. The stock has a market cap of $64.66 billion, a P/E ratio of 5.92, a PEG ratio of 0.55 and a beta of 0.13. The business has a fifty day moving average of $245.83 and a two-hundred day moving average of $230.47. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.89 by $2.87. Allstate had a net margin of 16.57% and a return on equity of 38.37%. The firm had revenue of $17.35 billion during the quarter, compared to analyst estimates of $15.87 billion. During the same quarter in the prior year, the firm posted $11.17 earnings per share. Allstate’s quarterly revenue was up .5% on a year-over-year basis. On average, research analysts expect that The Allstate Corporation will post 36.95 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Allstate from $280.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, October 1st. Mizuho lowered their price target on shares of Allstate from $300.00 to $295.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. HSBC cut shares of Allstate from a “buy” rating to a “hold” rating and set a $271.00 price objective for the company. in a research note on Friday, November 6th. Barclays increased their price objective on shares of Allstate from $221.00 to $228.00 and gave the company an “underweight” rating in a report on Thursday, November 5th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $315.00 target price (up from $300.00) on shares of Allstate in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $273.48.

Allstate Company Profile

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance. The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.