Foundations Investment Advisors LLC Buys 31,778 Shares of The Allstate Co. (NYSE:ALL)

Foundations Investment Advisors LLC increased its holdings in shares of The Allstate Co. (NYSE:ALL) by 461.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,658 shares of the insurance provider’s stock after buying an additional 31,778 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Allstate were worth $7,331,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in Allstate during the 1st quarter worth $26,000. Versant Capital Management Inc raised its stake in Allstate by 70.9% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after buying an additional 78 shares during the period. Family Firm Inc. acquired a new stake in Allstate during the 2nd quarter worth $38,000. MCF Advisors LLC raised its stake in Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after buying an additional 84 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in Allstate by 38.5% during the 1st quarter. Sunbelt Securities Inc. now owns 363 shares of the insurance provider’s stock worth $63,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Price Performance

Allstate stock opened at $192.64 on Tuesday. The Allstate Co. has a 12 month low of $121.70 and a 12 month high of $198.79. The stock’s 50 day moving average is $187.08 and its 200-day moving average is $173.96. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $50.84 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 1.74 and a beta of 0.48.

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

Analyst Ratings Changes

Several research firms have issued reports on ALL. Evercore ISI lifted their price target on Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. UBS Group raised their price objective on Allstate from $215.00 to $216.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. BMO Capital Markets raised their price objective on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday. Jefferies Financial Group raised their price objective on Allstate from $217.00 to $231.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, StockNews.com cut Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. One 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.44.

Insider Activity at Allstate

In related 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 value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related 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 value 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John E. Dugenske sold 36,367 shares of the business’s 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 completion of the sale, the insider now owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. This trade represents a 0.00 % decrease in their ownership of the stock. 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. Company insiders own 1.80% of the company’s stock.

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.