The Allstate Co. (NYSE:ALL) Shares Bought by Invesco LLC

Invesco LLC lifted its stake in The Allstate Co. (NYSE:ALL) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,040 shares of the insurance provider’s stock after purchasing an additional 167 shares during the period. Allstate makes up 1.1% of Invesco LLC’s investment portfolio, making the stock its 24th largest holding. Invesco LLC’s holdings in Allstate were worth $2,663,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate in the third quarter valued at about $28,000. Versant Capital Management Inc increased its holdings in 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 acquiring an additional 78 shares in the last quarter. Family Firm Inc. purchased a new position in Allstate during the 2nd quarter valued at about $38,000. MCF Advisors LLC increased its holdings in Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 84 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in Allstate during the 2nd quarter valued at about $58,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ALL shares. Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Raymond James boosted their target price on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. JPMorgan Chase & Co. boosted their target price on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Roth Mkm restated a “buy” rating and issued a $200.00 target price on shares of Allstate in a report on Wednesday, August 14th. Finally, TD Cowen boosted their target price on shares of Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $207.19.

Allstate Stock Down 1.3 %

ALL traded down $2.37 during trading on Friday, hitting $184.15. The company had a trading volume of 1,533,736 shares, compared to its average volume of 1,546,804. The company has a market cap of $48.62 billion, a PE ratio of 11.93, a P/E/G ratio of 1.91 and a beta of 0.48. The business has a 50-day moving average of $188.87 and a 200-day moving average of $175.16. 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 Allstate Co. has a 1-year low of $127.93 and a 1-year high of $198.79.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 27.74%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. As a group, analysts forecast that The Allstate Co. will post 14.16 earnings per share for the current year.

Insider Buying and Selling at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the transaction, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the transaction, the chief executive officer now owns 88,552 shares of the company’s stock, valued at $15,880,915.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 192,530 shares of company stock worth $34,967,665 over the last 90 days. Insiders own 1.80% of the company’s stock.

Allstate Company 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.