Stratos Investment Management LLC Purchases 77 Shares of The Allstate Co. (NYSE:ALL)

Stratos Investment Management LLC grew its holdings in shares of The Allstate Co. (NYSE:ALL) by 2.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,455 shares of the insurance provider’s stock after buying an additional 77 shares during the period. Stratos Investment Management LLC’s holdings in Allstate were worth $655,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALL. Northwest Investment Counselors LLC purchased a new stake in Allstate in the first quarter worth $26,000. Versant Capital Management Inc grew its holdings in shares of Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 78 shares during the last quarter. Family Firm Inc. purchased a new position in Allstate in the 2nd quarter worth about $38,000. MCF Advisors LLC lifted 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 buying an additional 84 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in Allstate in the 2nd quarter valued at about $58,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of research reports. Bank of America lifted their price target on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday. UBS Group upped their target price on Allstate from $215.00 to $216.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company cut their price target on Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. Raymond James upped their price objective on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 4th. Finally, BMO Capital Markets raised their target price on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $202.59.

Allstate Stock Performance

Shares of ALL opened at $195.37 on Friday. 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 firm has a market cap of $51.56 billion, a PE ratio of 43.13, a P/E/G ratio of 1.74 and a beta of 0.48. The Allstate Co. has a 12 month low of $121.70 and a 12 month high of $198.79. The stock has a fifty day moving average price of $186.66 and a 200-day moving average price of $173.81.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $14.04 billion. During the same period last year, the business posted ($4.42) earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year. Equities research analysts predict that The Allstate Co. will post 15.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the company’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 transaction of $6,959,916.46. Following 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Allstate news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated Friday, September 20th. The stock was 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 of the company’s stock, valued at approximately $5,236,922.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert Toohey sold 16,682 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the completion of the transaction, the executive vice president now directly owns 4,873 shares in the company, valued at $877,968.41. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 192,530 shares of company stock worth $34,967,665 in the last three months. Corporate 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.