Los Angeles Capital Management LLC Acquires 401,901 Shares of The Allstate Co. (NYSE:ALL)

Los Angeles Capital Management LLC lifted its holdings in shares of The Allstate Co. (NYSE:ALL) by 688.4% in the third quarter, Holdings Channel.com reports. The fund owned 460,282 shares of the insurance provider’s stock after purchasing an additional 401,901 shares during the period. Los Angeles Capital Management LLC’s holdings in Allstate were worth $87,292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALL. Pathway Financial Advisers LLC raised its holdings in shares of Allstate by 18,472.5% during the third quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock valued at $199,642,000 after acquiring an additional 1,047,019 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Allstate by 18.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock valued at $569,114,000 after acquiring an additional 472,040 shares in the last quarter. AQR Capital Management LLC raised its holdings in Allstate by 181.6% in the second quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider’s stock worth $114,955,000 after purchasing an additional 464,337 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in Allstate in the third quarter worth $77,819,000. Finally, Acadian Asset Management LLC raised its holdings in Allstate by 3,839.0% in the second quarter. Acadian Asset Management LLC now owns 416,117 shares of the insurance provider’s stock worth $66,417,000 after purchasing an additional 405,553 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Insiders Place Their Bets

In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of the firm’s 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 of the company’s stock, valued at approximately $3,431,901.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of the firm’s 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 of the company’s stock, valued at approximately $3,431,901.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robert Toohey sold 16,682 shares of Allstate stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the transaction, the executive vice president now directly owns 4,873 shares in the company, valued at approximately $877,968.41. 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 three months, insiders have sold 192,530 shares of company stock valued at $34,967,665. Insiders own 1.80% of the company’s stock.

Allstate Stock Performance

Shares of Allstate stock traded up $6.35 during trading on Friday, hitting $196.90. 2,018,725 shares of the company’s stock traded hands, compared to its average volume of 1,555,754. 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 1 year low of $128.33 and a 1 year high of $198.79. The stock has a market capitalization of $52.14 billion, a P/E ratio of 12.75, a PEG ratio of 1.76 and a beta of 0.48. The business has a 50-day simple moving average of $189.09 and a 200-day simple moving average of $175.85.

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, topping the consensus estimate of $2.20 by $1.71. The business had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.81 earnings per share. As a group, analysts forecast that The Allstate Co. will post 15.34 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ALL shares. Evercore ISI increased their price objective on Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. UBS Group raised their price target on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company raised their price target on Allstate from $175.00 to $186.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. StockNews.com downgraded Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Finally, Keefe, Bruyette & Woods raised their price target on Allstate from $222.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday. One 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $212.56.

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.