The Allstate Co. (NYSE:ALL) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its holdings in shares of The Allstate Co. (NYSE:ALL) by 3.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,840 shares of the insurance provider’s stock after acquiring an additional 173 shares during the period. Bleakley Financial Group LLC’s holdings in Allstate were worth $1,108,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ALL. Northwest Investment Counselors LLC acquired a new stake in Allstate in the 1st quarter worth about $26,000. Versant Capital Management Inc raised its position in shares of Allstate by 70.9% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after buying an additional 78 shares during the period. Family Firm Inc. purchased a new stake in shares of Allstate during the 2nd quarter valued at approximately $38,000. MCF Advisors LLC increased its holdings in Allstate by 33.9% in the 2nd 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 last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in Allstate in the 2nd quarter valued at approximately $58,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Performance

Shares of Allstate stock opened at $195.37 on Monday. The firm has a market cap of $51.56 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. The firm’s 50-day simple moving average is $186.66 and its 200-day simple moving average is $173.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Co. has a 1 year low of $121.70 and a 1 year high of $198.79.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $1.28. The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($4.42) EPS. Equities analysts forecast that The Allstate Co. will post 15.19 earnings per share for the current fiscal year.

Insider Activity

In other 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 value of $8,861,552.29. Following the sale, the executive vice president now owns 19,163 shares in the company, valued at approximately $3,431,901.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Elizabeth Brady sold 49,481 shares of the business’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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the sale, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,530 shares of company stock worth $34,967,665. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on ALL. Bank of America boosted their price target on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets increased their price objective on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday. Morgan Stanley cut their price target on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. UBS Group boosted their price objective on shares of Allstate from $215.00 to $216.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Piper Sandler lifted their price target on shares of Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. One 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 given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.50.

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.