Lecap Asset Management Ltd. Has $2.76 Million Position in The Allstate Co. (NYSE:ALL)

Lecap Asset Management Ltd. decreased its holdings in The Allstate Co. (NYSE:ALL) by 25.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,545 shares of the insurance provider’s stock after selling 5,009 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Allstate were worth $2,758,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALL. BDF Gestion bought a new position in Allstate during the second quarter worth about $3,051,000. BNP Paribas Financial Markets boosted its stake in 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 in the last quarter. OFI Invest Asset Management bought a new stake in Allstate in the second quarter valued at $476,000. Envestnet Portfolio Solutions Inc. raised its stake in Allstate by 12.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 50,383 shares of the insurance provider’s stock worth $8,717,000 after acquiring an additional 5,586 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Allstate by 251.8% during the first quarter. SG Americas Securities LLC now owns 53,090 shares of the insurance provider’s stock valued at $9,185,000 after acquiring an additional 38,001 shares during the period. 76.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ALL shares. Jefferies Financial Group increased their target price on shares of Allstate from $217.00 to $231.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price objective on shares of Allstate in a report on Wednesday, August 14th. TD Cowen boosted their target price on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Piper Sandler raised their price target on Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Bank of America boosted their price objective on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $206.44.

Allstate Stock Up 0.1 %

Shares of NYSE:ALL opened at $192.78 on Wednesday. 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 stock has a market cap of $50.88 billion, a price-to-earnings ratio of 42.56, a P/E/G ratio of 1.74 and a beta of 0.48. The company has a 50 day moving average of $187.50 and a 200-day moving average of $174.10. The Allstate Co. has a one year low of $121.70 and a one year high of $198.79.

Allstate (NYSE:ALL) last released its 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 firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.04 billion. During the same quarter in the previous year, the business earned ($4.42) EPS. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, sell-side analysts forecast that The Allstate Co. will post 15.19 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the transaction, the insider now owns 27,364 shares of the company’s stock, valued at $5,236,922.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Allstate 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 transaction, the chief executive officer now owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John E. Dugenske sold 36,367 shares of the stock in a transaction on 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 sale, the insider now directly owns 27,364 shares of the company’s stock, valued at $5,236,922.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 192,530 shares of company stock worth $34,967,665. Company insiders own 1.80% of the company’s stock.

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.