Segment Wealth Management LLC Has $16.58 Million Position in The Allstate Co. (NYSE:ALL)

Segment Wealth Management LLC trimmed its holdings in The Allstate Co. (NYSE:ALL) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,445 shares of the insurance provider’s stock after selling 491 shares during the quarter. Allstate comprises about 1.1% of Segment Wealth Management LLC’s portfolio, making the stock its 29th biggest position. Segment Wealth Management LLC’s holdings in Allstate were worth $16,584,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BDF Gestion acquired a new stake in Allstate in the second quarter worth $3,051,000. BNP Paribas Financial Markets grew its stake in shares of Allstate by 55.8% in the 1st quarter. BNP Paribas Financial Markets now owns 218,629 shares of the insurance provider’s stock valued at $37,825,000 after buying an additional 78,316 shares during the period. OFI Invest Asset Management bought a new stake in Allstate in the 2nd quarter valued at about $476,000. Envestnet Portfolio Solutions Inc. raised its stake in Allstate by 12.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 50,383 shares of the insurance provider’s stock worth $8,717,000 after buying an additional 5,586 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Allstate by 251.8% in the first quarter. SG Americas Securities LLC now owns 53,090 shares of the insurance provider’s stock worth $9,185,000 after acquiring an additional 38,001 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ALL. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Bank of America boosted 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, October 18th. Morgan Stanley raised their price objective on shares of Allstate from $202.00 to $215.00 and gave the company an “overweight” rating in a research note on Monday. Wells Fargo & Company decreased their target price on shares of Allstate from $177.00 to $175.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. Finally, UBS Group raised their price target on shares of Allstate from $215.00 to $216.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. One equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Allstate has an average rating of “Moderate Buy” and an average target price of $206.44.

Insider Buying and Selling at Allstate

In other news, EVP Elizabeth Brady sold 49,481 shares of the stock in a transaction 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 owns 19,163 shares in the company, valued at approximately $3,431,901.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 sale, the insider now directly 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 filing with the SEC, which can be accessed through this hyperlink. Also, EVP Elizabeth Brady sold 49,481 shares of the firm’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 approximately $3,431,901.67. 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 a total of 192,530 shares of company stock worth $34,967,665 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Allstate Stock Performance

NYSE ALL opened at $192.78 on Wednesday. The company has a market capitalization of $50.88 billion, a PE ratio of 42.56, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Co. has a 52-week low of $121.70 and a 52-week high of $198.79. The company has a 50-day simple moving average of $187.50 and a 200 day simple moving average of $174.10.

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

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.