Foundations Investment Advisors LLC Acquires 31,778 Shares of The Allstate Co. (NYSE:ALL)

Foundations Investment Advisors LLC boosted its holdings in shares of The Allstate Co. (NYSE:ALL) by 461.9% in the 3rd quarter, Holdings Channel reports. The firm owned 38,658 shares of the insurance provider’s stock after buying an additional 31,778 shares during the period. Foundations Investment Advisors LLC’s holdings in Allstate were worth $7,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALL. Artemis Investment Management LLP bought a new stake in Allstate during the first quarter worth $95,764,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Allstate by 18.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock valued at $569,114,000 after acquiring an additional 472,040 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Allstate by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider’s stock valued at $114,955,000 after acquiring an additional 464,337 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Allstate by 3,839.0% in the 2nd quarter. Acadian Asset Management LLC now owns 416,117 shares of the insurance provider’s stock valued at $66,417,000 after acquiring an additional 405,553 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Allstate by 757.1% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 340,274 shares of the insurance provider’s stock valued at $54,328,000 after acquiring an additional 300,572 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Elizabeth Brady sold 49,481 shares of the firm’s stock in a transaction dated 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 in the company, valued at $3,431,901.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Robert Toohey sold 16,682 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $180.17, for a total value of $3,005,595.94. Following the completion of the sale, the executive vice president now directly owns 4,873 shares in the company, valued at $877,968.41. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Elizabeth Brady sold 49,481 shares of the firm’s stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold a total of 192,530 shares of company stock worth $34,967,665 in the last three months. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ALL shares. Evercore ISI increased their price target on Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. UBS Group increased their price target on Allstate from $215.00 to $216.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group increased their price target on Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Jefferies Financial Group increased their price target on Allstate from $217.00 to $231.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley increased their price objective on Allstate from $202.00 to $215.00 and gave the company an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and an average price target of $206.44.

Allstate Stock Performance

Shares of Allstate stock opened at $192.64 on Tuesday. 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 business has a 50-day moving average price of $187.08 and a two-hundred day moving average price of $173.96. The Allstate Co. has a 1-year low of $121.70 and a 1-year high of $198.79. The company has a market cap of $50.84 billion, a P/E ratio of 42.53, a PEG ratio of 1.74 and a beta of 0.48.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share 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 business posted ($4.42) EPS. The business’s revenue was up 12.4% compared to the same quarter last year. As a group, analysts anticipate that The Allstate Co. will post 15.19 EPS for the current year.

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.