IFG Advisors LLC Buys 79 Shares of The Allstate Co. (NYSE:ALL)

IFG Advisors LLC lifted its stake in The Allstate Co. (NYSE:ALL) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,868 shares of the insurance provider’s stock after purchasing an additional 79 shares during the period. IFG Advisors LLC’s holdings in Allstate were worth $354,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fisher Asset Management LLC bought a new stake in shares of Allstate during the 4th quarter valued at $273,000. Kapitalo Investimentos Ltda purchased a new position in shares of Allstate during the fourth quarter valued at approximately $72,000. Rise Advisors LLC bought a new stake in shares of Allstate in the 1st quarter worth approximately $26,000. Alaska Permanent Fund Corp purchased a new stake in shares of Allstate in the 1st quarter worth approximately $263,000. Finally, Wedmont Private Capital boosted its holdings in Allstate by 11.3% in the first quarter. Wedmont Private Capital now owns 3,474 shares of the insurance provider’s stock worth $585,000 after acquiring an additional 354 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of ALL stock opened at $195.44 on Friday. The company’s 50 day moving average is $186.66 and its 200 day moving average is $173.80. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. The firm has a market cap of $51.58 billion, a price-to-earnings ratio of 43.14, a PEG ratio of 1.74 and a beta of 0.48. The Allstate Co. has a 52-week low of $121.70 and a 52-week high of $198.79.

Allstate (NYSE:ALL) last released 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 business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.04 billion. During the same period in the previous year, the company earned ($4.42) earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, sell-side analysts anticipate that The Allstate Co. will post 15.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALL. BMO Capital Markets boosted their price target on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley cut their target price on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Wells Fargo & Company decreased their target price on Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a report on Friday, August 16th. Keefe, Bruyette & Woods upped their price target on Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, Jefferies Financial Group raised their price objective on Allstate from $217.00 to $231.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $202.59.

Insider Activity at Allstate

In other news, EVP Elizabeth Brady sold 49,481 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $179.09, for a total transaction 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 $3,431,901.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was 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 directly owns 19,163 shares in the company, valued at approximately $3,431,901.67. The trade was 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, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the completion of the transaction, the chief executive officer now owns 88,552 shares in the company, valued at $15,880,915.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 192,530 shares of company stock worth $34,967,665. 1.80% of the stock is owned by corporate insiders.

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.