Community Bank & Trust Waco Texas Increases Stake in The Allstate Co. (NYSE:ALL)

Community Bank & Trust Waco Texas raised its stake in The Allstate Co. (NYSE:ALL) by 12.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,741 shares of the insurance provider’s stock after purchasing an additional 626 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Allstate were worth $1,089,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ALL. Northwest Investment Counselors LLC purchased a new position in Allstate in the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC bought a new position in Allstate in the 3rd quarter worth approximately $29,000. Versant Capital Management Inc grew its position 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 valued at $30,000 after purchasing an additional 78 shares in the last quarter. Family Firm Inc. bought a new position in Allstate during the second quarter valued at $38,000. Finally, MCF Advisors LLC raised its position in Allstate by 33.9% during the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 84 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Bank of America upped their price target on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. BMO Capital Markets raised their price target on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their price objective on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Raymond James upped their price objective on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. Finally, TD Cowen boosted their price target on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $212.56.

Insider Transactions at Allstate

In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the completion of the sale, the executive vice president now owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the transaction, the insider now owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Elizabeth Brady sold 49,481 shares of Allstate stock in a transaction dated 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 directly owns 19,163 shares in the company, valued at approximately $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. Insiders sold a total of 192,530 shares of company stock worth $34,967,665 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Allstate Trading Up 0.3 %

NYSE:ALL opened at $198.03 on Wednesday. The Allstate Co. has a 52-week low of $129.17 and a 52-week high of $201.00. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $189.26 and its 200 day moving average price is $176.05. The company has a market capitalization of $52.44 billion, a PE ratio of 12.83, a P/E/G ratio of 1.80 and a beta of 0.48.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the company posted $0.81 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, research analysts anticipate that The Allstate Co. will post 15.64 EPS for the current year.

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.