MERIAN GLOBAL INVESTORS UK Ltd raised its position in Allstate Corp (NYSE:ALL) by 15.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 295,235 shares of the insurance provider’s stock after buying an additional 40,005 shares during the quarter. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in Allstate were worth $27,805,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Townsquare Capital LLC bought a new position in Allstate in the 4th quarter valued at about $218,000. First Interstate Bank increased its holdings in Allstate by 160.4% in the 4th quarter. First Interstate Bank now owns 1,505 shares of the insurance provider’s stock valued at $125,000 after buying an additional 927 shares during the period. Dalton Greiner Hartman Maher & Co. increased its holdings in Allstate by 65.4% in the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 170,647 shares of the insurance provider’s stock valued at $16,072,000 after buying an additional 67,490 shares during the period. Advisor Partners LLC increased its holdings in Allstate by 31.1% in the 1st quarter. Advisor Partners LLC now owns 16,876 shares of the insurance provider’s stock valued at $1,589,000 after buying an additional 4,001 shares during the period. Finally, Segment Wealth Management LLC increased its holdings in Allstate by 11.3% in the 4th quarter. Segment Wealth Management LLC now owns 39,284 shares of the insurance provider’s stock valued at $3,246,000 after buying an additional 3,997 shares during the period. 80.27% of the stock is currently owned by hedge funds and other institutional investors.
ALL opened at $95.64 on Friday. Allstate Corp has a 1-year low of $77.00 and a 1-year high of $102.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $31.92 billion, a PE ratio of 11.85, a P/E/G ratio of 1.28 and a beta of 0.83.
A number of equities research analysts have recently weighed in on ALL shares. Zacks Investment Research upgraded shares of Allstate from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Thursday, February 7th. Wells Fargo & Co restated a “hold” rating and issued a $94.00 price target on shares of Allstate in a research note on Tuesday, March 12th. ValuEngine upgraded shares of Allstate from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. William Blair upgraded shares of Allstate from an “underperform” rating to a “market perform” rating in a research note on Wednesday, February 6th. Finally, UBS Group raised their price target on shares of Allstate from $102.00 to $106.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $101.91.
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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