The Allstate Co. (NYSE:ALL) Position Reduced by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. cut its position in shares of The Allstate Co. (NYSE:ALL) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 34,386 shares of the insurance provider’s stock after selling 1,813 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Allstate were worth $6,521,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in ALL. Northwest Investment Counselors LLC acquired a new stake in Allstate during the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate in the 3rd quarter worth $29,000. Versant Capital Management Inc increased its stake in Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Family Firm Inc. acquired a new stake in Allstate during the 2nd quarter worth about $38,000. Finally, MCF Advisors LLC boosted its holdings in shares of Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after buying an additional 84 shares during the period. Institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ALL. Keefe, Bruyette & Woods upped their price target on shares of Allstate from $222.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Morgan Stanley increased their target price on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. StockNews.com downgraded Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. TD Cowen increased their price objective on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Raymond James boosted their price objective on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and a consensus target price of $212.56.

Insider Transactions at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction dated 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 directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $15,880,915.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction 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 $5,236,922.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 192,530 shares of company stock valued at $34,967,665. Corporate insiders own 1.80% of the company’s stock.

Allstate Stock Performance

ALL stock traded down $0.95 during mid-day trading on Thursday, hitting $196.35. 33,028 shares of the company were exchanged, compared to its average volume of 1,538,874. The stock has a market capitalization of $51.99 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.77 and a beta of 0.48. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The Allstate Co. has a 1-year low of $130.77 and a 1-year high of $201.00. The business has a 50 day simple moving average of $189.58 and a 200-day simple moving average of $176.40.

Allstate (NYSE:ALL) last announced 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. The company had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Allstate’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.81 earnings per share. On average, equities analysts forecast that The Allstate Co. will post 16.02 earnings per share for the current year.

About Allstate

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.