Hills Bank & Trust Co. grew its holdings in shares of Allstate Corp (NYSE:ALL) by 3.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,734 shares of the insurance provider’s stock after purchasing an additional 655 shares during the period. Hills Bank & Trust Co.’s holdings in Allstate were worth $1,671,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Allstate during the fourth quarter worth approximately $25,000. 1 North Wealth Services LLC acquired a new position in Allstate in the fourth quarter valued at approximately $25,000. Legacy Advisors LLC acquired a new position in Allstate in the first quarter valued at approximately $29,000. We Are One Seven LLC acquired a new position in Allstate in the fourth quarter valued at approximately $27,000. Finally, Executive Wealth Management LLC acquired a new position in Allstate in the fourth quarter valued at approximately $32,000. Institutional investors own 79.39% of the company’s stock.
ALL stock opened at $94.39 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.29 and a quick ratio of 0.29. Allstate Corp has a twelve month low of $77.00 and a twelve month high of $102.73. The company has a market capitalization of $31.42 billion, a PE ratio of 11.70, a PEG ratio of 1.32 and a beta of 0.83.
A number of equities analysts recently issued reports on the company. Credit Suisse Group downgraded Allstate from an “outperform” rating to a “neutral” rating and set a $93.00 price target for the company. in a report on Monday, April 8th. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a report on Thursday, February 7th. ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a report on Monday, February 4th. UBS Group upped their price target on Allstate from $102.00 to $106.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Compass Point assumed coverage on Allstate in a report on Tuesday, January 15th. They issued a “buy” rating and a $114.00 price objective for the company. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $101.91.
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Allstate Company Profile
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.
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