The Allstate Co. (NYSE:ALL) Shares Purchased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC increased its holdings in shares of The Allstate Co. (NYSE:ALL) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,129 shares of the insurance provider’s stock after purchasing an additional 54 shares during the period. Lake Street Advisors Group LLC’s holdings in Allstate were worth $596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in shares of Allstate in the 3rd quarter valued at about $28,000. Versant Capital Management Inc lifted its holdings in Allstate by 70.9% in the second 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 during the period. Family Firm Inc. purchased a new stake in Allstate in the 2nd quarter worth approximately $38,000. MCF Advisors LLC boosted its position in Allstate by 33.9% in the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 84 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Allstate during the 2nd quarter worth approximately $58,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ALL. TD Cowen increased their price target on shares of Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Barclays assumed coverage on shares of Allstate in a research note on Wednesday, September 4th. They set an “underweight” rating and a $175.00 target price on the stock. Bank of America lifted their price target on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Morgan Stanley increased their price target on Allstate from $202.00 to $215.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company dropped their price objective 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 analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and an average price target of $206.44.

Insider Activity

In related news, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Robert Toohey sold 16,682 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the transaction, the executive vice president now owns 4,873 shares of the company’s stock, valued at approximately $877,968.41. This 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 Allstate stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the completion of the transaction, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 192,530 shares of company stock valued at $34,967,665. Company insiders own 1.80% of the company’s stock.

Allstate Stock Down 2.0 %

Shares of NYSE ALL opened at $188.12 on Friday. The Allstate Co. has a 1 year low of $122.53 and a 1 year 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 company has a market capitalization of $49.65 billion, a P/E ratio of 41.53, a P/E/G ratio of 1.74 and a beta of 0.48. The company has a 50 day simple moving average of $188.01 and a 200-day simple moving average of $174.36.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. During the same period last year, the company earned ($4.42) EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities research analysts predict that The Allstate Co. will post 15.19 earnings per share for the current year.

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.