The Allstate Co. (NYSE:ALL) Stock Holdings Lowered by Affinity Investment Advisors LLC

Affinity Investment Advisors LLC cut its position in The Allstate Co. (NYSE:ALL) by 3.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,731 shares of the insurance provider’s stock after selling 110 shares during the quarter. Affinity Investment Advisors LLC’s holdings in Allstate were worth $518,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC raised its holdings in shares of Allstate by 1.5% during the third quarter. Gladstone Institutional Advisory LLC now owns 4,704 shares of the insurance provider’s stock valued at $892,000 after buying an additional 68 shares during the last quarter. Hills Bank & Trust Co raised its stake in Allstate by 1.1% during the 3rd quarter. Hills Bank & Trust Co now owns 6,661 shares of the insurance provider’s stock valued at $1,263,000 after acquiring an additional 71 shares in the last quarter. Stephens Inc. AR boosted its position in Allstate by 4.8% during the 3rd quarter. Stephens Inc. AR now owns 65,223 shares of the insurance provider’s stock worth $12,370,000 after acquiring an additional 3,007 shares during the period. SteelPeak Wealth LLC grew its stake in shares of Allstate by 17.0% in the third quarter. SteelPeak Wealth LLC now owns 1,992 shares of the insurance provider’s stock worth $380,000 after purchasing an additional 290 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its holdings in shares of Allstate by 11.5% during the third quarter. First Trust Direct Indexing L.P. now owns 9,859 shares of the insurance provider’s stock valued at $1,870,000 after purchasing an additional 1,018 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. BMO Capital Markets upped their target price on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Roth Mkm reiterated a “buy” rating and set a $200.00 price target on shares of Allstate in a research report on Wednesday, August 14th. Wells Fargo & Company cut their price objective on Allstate from $177.00 to $175.00 and set an “equal weight” rating for the company in a report on Friday, August 16th. Finally, Piper Sandler lifted their target price on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. 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. Based on data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.19.

Insider Activity

In related news, EVP Elizabeth Brady sold 49,481 shares of the company’s stock in a transaction dated 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 in the company, valued at $3,431,901.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the completion of the transaction, the chief executive officer now owns 88,552 shares in the company, valued at $15,880,915.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Elizabeth Brady sold 49,481 shares of the company’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 directly owns 19,163 shares in the company, valued at approximately $3,431,901.67. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 192,530 shares of company stock worth $34,967,665. 1.80% of the stock is owned by corporate insiders.

Allstate Price Performance

Shares of ALL stock opened at $184.18 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36. The stock’s fifty day simple moving average is $188.87 and its 200 day simple moving average is $175.16. The Allstate Co. has a one year low of $127.93 and a one year high of $198.79. The firm has a market cap of $48.63 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 1.91 and a beta of 0.48.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 27.74% and a net margin of 6.77%. Allstate’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 EPS. On average, analysts expect that The Allstate Co. will post 14.16 earnings per share for the current fiscal 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.