Global Retirement Partners LLC Has $507,000 Stock Holdings in The Allstate Co. (NYSE:ALL)

Global Retirement Partners LLC lifted its holdings in The Allstate Co. (NYSE:ALL) by 12.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,674 shares of the insurance provider’s stock after buying an additional 286 shares during the quarter. Global Retirement Partners LLC’s holdings in Allstate were worth $507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Good Life Advisors LLC grew its position in shares of Allstate by 9.2% in the 3rd quarter. Good Life Advisors LLC now owns 3,960 shares of the insurance provider’s stock valued at $751,000 after purchasing an additional 334 shares during the period. nVerses Capital LLC acquired a new position in Allstate during the 3rd quarter worth approximately $986,000. Greater Midwest Financial Group LLC acquired a new position in Allstate during the 3rd quarter worth approximately $1,271,000. FLC Capital Advisors boosted its position in Allstate by 6.2% during the 3rd quarter. FLC Capital Advisors now owns 1,726 shares of the insurance provider’s stock worth $327,000 after acquiring an additional 100 shares during the last quarter. Finally, SPC Financial Inc. boosted its position in Allstate by 3.6% during the 3rd quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock worth $297,000 after acquiring an additional 54 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALL has been the subject of a number of recent research reports. Morgan Stanley upped their price target on Allstate from $202.00 to $215.00 and gave the stock an “overweight” rating in a research report on Monday. Keefe, Bruyette & Woods upped their price target on Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. 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 report on Wednesday, October 9th. Raymond James upped their price objective on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 4th. Finally, UBS Group upped their price objective on Allstate from $215.00 to $216.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and a consensus target price of $206.44.

Insider Buying and Selling at Allstate

In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was 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 directly owns 88,552 shares of the company’s stock, valued at $15,880,915.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was 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 directly owns 88,552 shares of the company’s stock, valued at $15,880,915.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John E. Dugenske sold 36,367 shares of the company’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 directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 192,530 shares of company stock valued at $34,967,665 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Allstate Stock Down 1.4 %

ALL opened at $192.64 on Tuesday. The Allstate Co. has a 1-year low of $121.70 and a 1-year high of $198.79. The stock’s fifty day simple moving average is $187.08 and its 200 day simple moving average is $173.96. 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 stock has a market cap of $50.84 billion, a PE ratio of 42.53, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48.

Allstate (NYSE:ALL) last issued its quarterly earnings data 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 return on equity of 24.05% and a net margin of 5.03%. The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.04 billion. During the same period in the prior year, the firm posted ($4.42) EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, research analysts expect that The Allstate Co. will post 15.19 earnings per share for the current year.

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.