The Allstate Co. (NYSE:ALL) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. lowered its position in shares of The Allstate Co. (NYSE:ALL) by 1.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 7,734 shares of the insurance provider’s stock after selling 75 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Allstate were worth $1,474,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Northwest Investment Counselors LLC purchased a new position in shares of Allstate in the 3rd quarter valued at about $28,000. Versant Capital Management Inc increased 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 in the last quarter. Family Firm Inc. purchased a new stake in Allstate during the 2nd quarter worth approximately $38,000. MCF Advisors LLC increased 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 in the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in Allstate during the 2nd quarter worth approximately $58,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of Allstate stock opened at $184.18 on Friday. The stock has a market capitalization of $48.63 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 1.91 and a beta of 0.48. The Allstate Co. has a 12 month low of $127.93 and a 12 month high of $198.79. 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 business has a 50-day moving average of $188.87 and a 200 day moving average of $175.16.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates 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 business earned $0.81 EPS. As a group, sell-side analysts forecast that The Allstate Co. will post 14.16 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on ALL shares. Keefe, Bruyette & Woods boosted their target price on Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Morgan Stanley boosted their target price on Allstate from $202.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. StockNews.com cut Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Barclays boosted their target price on Allstate from $175.00 to $187.00 and gave the stock an “underweight” rating in a report on Thursday. Finally, Wells Fargo & Company lowered 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $207.19.

Insider Buying and Selling at Allstate

In other news, EVP Elizabeth Brady sold 49,481 shares of the 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 of the company’s stock, valued at approximately $3,431,901.67. 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 can be accessed through this hyperlink. In other news, EVP Elizabeth Brady sold 49,481 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 19,163 shares in the company, valued at approximately $3,431,901.67. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas J. Wilson sold 90,000 shares of the business’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 in the company, valued at approximately $15,880,915.68. 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 192,530 shares of company stock worth $34,967,665 over the last three months. 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.