Sustainable Insight Capital Management LLC Sells 4,900 Shares of The Allstate Co. (NYSE:ALL)

Sustainable Insight Capital Management LLC cut its holdings in shares of The Allstate Co. (NYSE:ALL) by 22.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,000 shares of the insurance provider’s stock after selling 4,900 shares during the quarter. Allstate makes up about 1.5% of Sustainable Insight Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Sustainable Insight Capital Management LLC’s holdings in Allstate were worth $3,224,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in Allstate during the 1st quarter valued at approximately $566,000. Csenge Advisory Group purchased a new stake in Allstate during the 1st quarter valued at approximately $213,000. Oppenheimer & Co. Inc. raised its position in shares of Allstate by 2.0% during the first quarter. Oppenheimer & Co. Inc. now owns 11,621 shares of the insurance provider’s stock valued at $2,011,000 after buying an additional 227 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Allstate by 16.6% in the first quarter. Atomi Financial Group Inc. now owns 2,019 shares of the insurance provider’s stock worth $349,000 after buying an additional 288 shares in the last quarter. Finally, Fiduciary Family Office LLC boosted its position in shares of Allstate by 21.5% during the first quarter. Fiduciary Family Office LLC now owns 2,701 shares of the insurance provider’s stock worth $467,000 after acquiring an additional 478 shares during the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Performance

Allstate stock opened at $196.90 on Friday. The Allstate Co. has a 1-year low of $128.33 and a 1-year high of $198.79. The company’s 50-day moving average is $189.09 and its 200 day moving average is $175.84. The firm has a market capitalization of $52.14 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.76 and a beta of 0.48. 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 issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The firm had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Allstate’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.81 EPS. Research analysts forecast that The Allstate Co. will post 15.34 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, August 15th. TD Cowen lifted their target price on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Morgan Stanley increased their price target on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday. Keefe, Bruyette & Woods lifted their price objective on Allstate from $222.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. One equities research 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $212.56.

Insider Activity

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

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.