The Allstate Co. (NYSE:ALL) Shares Bought by IFG Advisors LLC

IFG Advisors LLC lifted its holdings in shares of The Allstate Co. (NYSE:ALL) by 4.4% in the third quarter, HoldingsChannel.com reports. The firm owned 1,868 shares of the insurance provider’s stock after acquiring an additional 79 shares during the quarter. IFG Advisors LLC’s holdings in Allstate were worth $354,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ALL. Moss Adams Wealth Advisors LLC acquired a new position in Allstate during the 3rd quarter worth about $215,000. Net Worth Advisory Group purchased a new position in Allstate in the third quarter worth approximately $833,000. Stratos Investment Management LLC grew its stake in shares of Allstate by 2.3% during the third quarter. Stratos Investment Management LLC now owns 3,455 shares of the insurance provider’s stock worth $655,000 after purchasing an additional 77 shares in the last quarter. Inspire Advisors LLC purchased a new stake in Allstate during the 3rd quarter worth about $218,000. Finally, Aaron Wealth Advisors LLC raised its position in shares of Allstate by 16.5% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 1,516 shares of the insurance provider’s stock worth $288,000 after acquiring an additional 215 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Trading Down 0.0 %

NYSE ALL opened at $195.44 on Friday. The firm has a market capitalization of $51.58 billion, a price-to-earnings ratio of 43.14, a PEG 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 one year low of $121.70 and a one year high of $198.79. The company’s 50 day moving average price is $186.66 and its 200 day moving average price is $173.80.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, beating 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 business had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.04 billion. During the same quarter last year, the firm posted ($4.42) EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, sell-side analysts predict that The Allstate Co. will post 15.19 EPS for the current year.

Insider Transactions at Allstate

In related news, EVP Elizabeth Brady sold 49,481 shares of the business’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 transaction, the executive vice president now directly owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Elizabeth Brady sold 49,481 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 4,873 shares in the company, valued at $877,968.41. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 192,530 shares of company stock valued at $34,967,665 over the last quarter. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ALL. The Goldman Sachs Group raised their price objective on Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods raised their price objective on shares of Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Roth Mkm reissued a “buy” rating and set a $200.00 price target on shares of Allstate in a report on Wednesday, August 14th. Jefferies Financial Group upped their price target on Allstate from $217.00 to $231.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley reduced their target price on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.59.

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.