The Allstate Co. (NYSE:ALL) Shares Sold by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. decreased its position in shares of The Allstate Co. (NYSE:ALL) by 4.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,398 shares of the insurance provider’s stock after selling 150 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Allstate were worth $644,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALL. Allspring Global Investments Holdings LLC raised its position in 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 purchasing an additional 472,040 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Allstate by 181.6% in the second quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider’s stock valued at $114,955,000 after buying an additional 464,337 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Allstate by 3,839.0% during the second quarter. Acadian Asset Management LLC now owns 416,117 shares of the insurance provider’s stock worth $66,417,000 after buying an additional 405,553 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Allstate by 757.1% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 340,274 shares of the insurance provider’s stock worth $54,328,000 after buying an additional 300,572 shares during the period. Finally, Atalanta Sosnoff Capital LLC acquired a new position in Allstate in the 1st quarter valued at about $43,909,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Evercore ISI increased their price objective on Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Wells Fargo & Company decreased their price target on Allstate from $177.00 to $175.00 and set an “equal weight” rating for the company in a report on Friday, August 16th. Bank of America boosted their price objective 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. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 target price on shares of Allstate in a report on Wednesday, August 14th. Finally, UBS Group increased their price target on shares of Allstate from $215.00 to $216.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Allstate presently has an average rating of “Moderate Buy” and an average target price of $206.44.

Allstate Stock Performance

NYSE ALL opened at $192.00 on Friday. The business has a 50 day moving average price of $187.73 and a 200 day moving average price of $174.23. The company has a market capitalization of $50.67 billion, a P/E ratio of 42.38, a PEG ratio of 1.74 and a beta of 0.48. 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.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share 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 business had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.04 billion. During the same quarter last year, the business posted ($4.42) earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. Sell-side analysts expect that The Allstate Co. will post 15.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Elizabeth Brady sold 49,481 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 19,163 shares in the company, valued at $3,431,901.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction on Friday, September 20th. The stock was 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 directly owns 27,364 shares of the company’s stock, valued at $5,236,922.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Elizabeth Brady sold 49,481 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 19,163 shares in the company, valued at approximately $3,431,901.67. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 192,530 shares of company stock worth $34,967,665. Insiders own 1.80% of the company’s stock.

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.