The Allstate Co. (NYSE:ALL) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. decreased its position in The Allstate Co. (NYSE:ALL) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,600 shares of the insurance provider’s stock after selling 308 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Allstate were worth $872,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. SteelPeak Wealth LLC raised its holdings in shares of Allstate by 17.0% during 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 during the period. First Trust Direct Indexing L.P. grew its position in shares of Allstate by 11.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,859 shares of the insurance provider’s stock valued at $1,870,000 after buying an additional 1,018 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Allstate by 14.3% in the third quarter. New York State Teachers Retirement System now owns 263,186 shares of the insurance provider’s stock worth $49,913,000 after acquiring an additional 32,973 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Allstate during the third quarter valued at approximately $217,000. Finally, Valmark Advisers Inc. acquired a new stake in shares of Allstate during the 3rd quarter worth approximately $244,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALL has been the subject of several analyst reports. Bank of America boosted their price objective on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods lifted their price objective on shares of Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. TD Cowen upped their price objective on shares of Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. StockNews.com cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Finally, Wells Fargo & Company decreased their price objective on shares of Allstate from $177.00 to $175.00 and set an “equal weight” rating for the company in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and an average target price of $206.44.

Insider Buying and Selling

In other Allstate news, insider John E. Dugenske sold 36,367 shares of Allstate 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 $5,236,922.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Allstate news, EVP Robert Toohey sold 16,682 shares of Allstate stock in a transaction on Monday, August 19th. The shares were sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the sale, the executive vice president now owns 4,873 shares in the company, valued at $877,968.41. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the sale, the insider now directly owns 27,364 shares in the company, valued at $5,236,922.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 192,530 shares of company stock valued at $34,967,665. Insiders own 1.80% of the company’s stock.

Allstate Stock Performance

ALL stock opened at $189.58 on Thursday. The firm has a 50 day moving average of $188.69 and a two-hundred day moving average of $174.95. The Allstate Co. has a 12 month low of $125.63 and a 12 month high of $198.79. The company has a market capitalization of $50.03 billion, a price-to-earnings ratio of 41.85, a P/E/G ratio of 1.74 and a beta of 0.48. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49.

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

Allstate Profile

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.