The Allstate Corporation $ALL Holdings Raised by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its position in shares of The Allstate Corporation (NYSE:ALL) by 2.5% during the third quarter, according to its most recent 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 quarter. Illinois Municipal Retirement Fund owned approximately 0.05% of Allstate worth $28,870,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ALL. Moneco Advisors LLC lifted its position in shares of Allstate by 7.2% in the 3rd quarter. Moneco Advisors LLC now owns 1,537 shares of the insurance provider’s stock worth $341,000 after purchasing an additional 103 shares during the period. Lido Advisors LLC boosted its stake in shares of Allstate by 5.9% during the third quarter. Lido Advisors LLC now owns 38,553 shares of the insurance provider’s stock valued at $8,554,000 after purchasing an additional 2,141 shares in the last quarter. D Orazio & Associates Inc. boosted its stake in shares of Allstate by 20.6% during the third quarter. D Orazio & Associates Inc. now owns 1,410 shares of the insurance provider’s stock valued at $313,000 after purchasing an additional 241 shares in the last quarter. 71 West Capital Partners increased its holdings in Allstate by 8.0% during the third quarter. 71 West Capital Partners now owns 2,737 shares of the insurance provider’s stock valued at $607,000 after buying an additional 202 shares during the period. Finally, Welch & Forbes LLC increased its holdings in Allstate by 17.1% during the third quarter. Welch & Forbes LLC now owns 7,779 shares of the insurance provider’s stock valued at $1,726,000 after buying an additional 1,134 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Allstate from $232.00 to $241.00 and gave the stock an “underperform” rating in a research note on Tuesday. Roth Capital set a $300.00 price target on Allstate in a report on Thursday, August 6th. Morgan Stanley lifted their price target on Allstate from $240.00 to $260.00 and gave the company an “equal weight” rating in a report on Tuesday. Piper Sandler reduced their price target on Allstate from $300.00 to $294.00 and set an “overweight” rating for the company in a research report on Monday. Finally, HSBC cut 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. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $273.48.

Allstate News Roundup

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 Price Performance

Shares of ALL opened at $261.31 on Wednesday. The firm has a market capitalization of $64.66 billion, a PE ratio of 5.92, a price-to-earnings-growth ratio of 0.55 and a beta of 0.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.37 and a quick ratio of 0.37. The Allstate Corporation has a 1-year low of $191.13 and a 1-year high of $281.11. The company’s fifty day moving average price is $245.83 and its 200-day moving average price is $230.47.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share (EPS) for the quarter, topping 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 company had revenue of $17.35 billion during the quarter, compared to analyst estimates of $15.87 billion. During the same period last year, the firm posted $11.17 EPS. Allstate’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts predict that The Allstate Corporation will post 36.95 EPS for the current year.

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.