Catalina Capital Group LLC Purchases New Position in The Allstate Co. (NYSE:ALL)

Catalina Capital Group LLC purchased a new stake in The Allstate Co. (NYSE:ALL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,334 shares of the insurance provider’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALL. Northwest Investment Counselors LLC purchased a new stake in shares of Allstate in the third quarter valued at about $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate during the third quarter worth about $29,000. Versant Capital Management Inc increased its stake in shares of Allstate by 70.9% during the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 78 shares during the period. Family Firm Inc. acquired a new position in shares of Allstate during the second quarter worth about $38,000. Finally, MCF Advisors LLC increased its stake in shares of Allstate by 33.9% during the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after acquiring an additional 84 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Up 2.0 %

ALL stock opened at $188.69 on Thursday. The company’s 50 day simple moving average is $188.89 and its 200-day simple moving average is $175.59. The firm has a market capitalization of $49.97 billion, a PE ratio of 12.22, a P/E/G ratio of 1.73 and a beta of 0.48. The Allstate Co. has a 12 month low of $127.93 and a 12 month high of $198.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. The business had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 earnings per share. Equities analysts expect that The Allstate Co. will post 15.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ALL. StockNews.com lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. UBS Group boosted their price target on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $222.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company upped their target price on shares of Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and an average target price of $209.50.

Insider Activity at Allstate

In related news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the transaction, the chief executive officer now owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Elizabeth Brady sold 49,481 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the transaction, the executive vice president now owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the transaction, the chief executive officer now directly owns 88,552 shares in the company, valued at $15,880,915.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 192,530 shares of company stock valued at $34,967,665. Company insiders own 1.80% of the company’s stock.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.