Piscataqua Savings Bank Sells 150 Shares of The Allstate Co. (NYSE:ALL)

Piscataqua Savings Bank decreased its stake in shares of The Allstate Co. (NYSE:ALL) by 17.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 725 shares of the insurance provider’s stock after selling 150 shares during the period. Piscataqua Savings Bank’s holdings in Allstate were worth $137,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ALL. BDF Gestion acquired a new stake in Allstate in the second quarter worth $3,051,000. BNP Paribas Financial Markets grew its holdings in Allstate by 55.8% in the first quarter. BNP Paribas Financial Markets now owns 218,629 shares of the insurance provider’s stock worth $37,825,000 after purchasing an additional 78,316 shares during the period. OFI Invest Asset Management acquired a new stake in Allstate in the second quarter worth $476,000. Envestnet Portfolio Solutions Inc. grew its holdings in Allstate by 12.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 50,383 shares of the insurance provider’s stock worth $8,717,000 after purchasing an additional 5,586 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Allstate by 251.8% in the first quarter. SG Americas Securities LLC now owns 53,090 shares of the insurance provider’s stock worth $9,185,000 after purchasing an additional 38,001 shares during the period. Institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Raymond James raised their price target on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. Wells Fargo & Company dropped their price objective on shares of Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. StockNews.com lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Allstate in a research note on Wednesday, August 14th. Finally, TD Cowen raised their price objective on shares of Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $201.06.

Insider Buying and Selling at Allstate

In other news, insider Suren Gupta sold 45,775 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the completion of the transaction, the insider now owns 89,930 shares in the company, valued at approximately $15,942,790.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Elizabeth Brady sold 49,481 shares of the firm’s stock in a transaction that occurred on 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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suren Gupta sold 45,775 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the completion of the transaction, the insider now directly owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 238,305 shares of company stock worth $43,082,657 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Allstate Stock Up 1.3 %

ALL opened at $192.99 on Wednesday. The Allstate Co. has a fifty-two week low of $119.61 and a fifty-two week high of $195.87. The company’s 50-day moving average is $185.17 and its 200 day moving average is $173.33. 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 firm has a market capitalization of $50.93 billion, a P/E ratio of 42.60, a PEG ratio of 1.74 and a beta of 0.48.

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