First National Bank & Trust Co. of Newtown Buys Shares of 1,141 The Allstate Co. (NYSE:ALL)

First National Bank & Trust Co. of Newtown acquired a new stake in shares of The Allstate Co. (NYSE:ALL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,141 shares of the insurance provider’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SPC Financial Inc. raised its position in shares of Allstate by 3.6% during the third quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock valued at $297,000 after buying an additional 54 shares during the last quarter. Lake Street Advisors Group LLC increased its stake in Allstate by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock valued at $596,000 after acquiring an additional 54 shares during the period. Abacus Planning Group Inc. raised its holdings in Allstate by 2.4% in the 3rd quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock valued at $458,000 after acquiring an additional 56 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Allstate by 1.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock worth $893,000 after acquiring an additional 59 shares during the period. Finally, Carmichael Hill & Associates Inc. grew its holdings in shares of Allstate by 15.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock worth $87,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 0.9 %

Allstate stock opened at $190.55 on Friday. The firm has a market capitalization of $50.46 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 1.71 and a beta of 0.48. The company’s 50 day simple moving average is $188.89 and its 200 day simple moving average is $175.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The Allstate Co. has a fifty-two week low of $127.93 and a fifty-two week high of $198.79.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the firm posted $0.81 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Allstate Co. will post 15.23 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Elizabeth Brady sold 49,481 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 19,163 shares of the company’s stock, valued at $3,431,901.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Elizabeth Brady sold 49,481 shares of Allstate stock in a transaction that occurred 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 sale, the executive vice president now owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 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.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ALL. 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 note on Friday, October 18th. JPMorgan Chase & Co. boosted their price objective on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. 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. UBS Group raised their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and an average price target of $210.31.

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.