Harwood Advisory Group LLC Lowers Holdings in Allstate Corp (ALL)

Harwood Advisory Group LLC decreased its position in shares of Allstate Corp (NYSE:ALL) by 13.6% during the first quarter, HoldingsChannel reports. The firm owned 7,665 shares of the insurance provider’s stock after selling 1,203 shares during the period. Harwood Advisory Group LLC’s holdings in Allstate were worth $722,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Banco Santander S.A. raised its position in Allstate by 1.0% during the fourth quarter. Banco Santander S.A. now owns 11,803 shares of the insurance provider’s stock valued at $975,000 after purchasing an additional 116 shares in the last quarter. Adviser Investments LLC raised its position in Allstate by 5.0% during the fourth quarter. Adviser Investments LLC now owns 2,447 shares of the insurance provider’s stock valued at $202,000 after purchasing an additional 117 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of Allstate by 3.7% during the fourth quarter. Flagship Harbor Advisors LLC now owns 3,799 shares of the insurance provider’s stock valued at $313,000 after buying an additional 137 shares during the last quarter. JOYN Advisors Inc. grew its stake in shares of Allstate by 23.9% during the fourth quarter. JOYN Advisors Inc. now owns 715 shares of the insurance provider’s stock valued at $59,000 after buying an additional 138 shares during the last quarter. Finally, First National Trust Co grew its stake in shares of Allstate by 5.7% during the first quarter. First National Trust Co now owns 2,626 shares of the insurance provider’s stock valued at $248,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.

Shares of NYSE:ALL opened at $98.58 on Friday. Allstate Corp has a 12-month low of $77.00 and a 12-month high of $102.73. The stock has a market cap of $32.82 billion, a PE ratio of 12.22, a P/E/G ratio of 1.34 and a beta of 0.83. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $2.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.02. The firm had revenue of $8.70 billion for the quarter, compared to analysts’ expectations of $8.82 billion. Allstate had a return on equity of 14.00% and a net margin of 5.66%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $2.96 earnings per share. As a group, analysts anticipate that Allstate Corp will post 8.9 EPS for the current year.

A number of research analysts have recently issued reports on the company. Credit Suisse Group cut Allstate from an “outperform” rating to a “neutral” rating and set a $93.00 price objective on the stock. in a research note on Monday, April 8th. William Blair raised Allstate from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 6th. ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Wells Fargo & Co reaffirmed a “hold” rating and set a $94.00 price objective on shares of Allstate in a research note on Tuesday, March 12th. Finally, Zacks Investment Research cut Allstate from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $101.50.

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About Allstate

The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

Further Reading: Understanding Average Daily Trade Volume

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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