1,115 Shares in The Allstate Co. (NYSE:ALL) Purchased by Waldron Private Wealth LLC

Waldron Private Wealth LLC acquired a new stake in The Allstate Co. (NYSE:ALL) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,115 shares of the insurance provider’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ALL. Eastern Bank grew its position in Allstate by 39.6% during the third quarter. Eastern Bank now owns 4,142 shares of the insurance provider’s stock worth $786,000 after buying an additional 1,176 shares in the last quarter. Signaturefd LLC lifted its position in shares of Allstate by 2.6% during the 3rd quarter. Signaturefd LLC now owns 4,440 shares of the insurance provider’s stock valued at $842,000 after acquiring an additional 111 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Allstate by 3.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,009 shares of the insurance provider’s stock worth $1,520,000 after purchasing an additional 303 shares in the last quarter. Foundations Investment Advisors LLC increased its position in shares of Allstate by 461.9% in the third quarter. Foundations Investment Advisors LLC now owns 38,658 shares of the insurance provider’s stock worth $7,331,000 after purchasing an additional 31,778 shares during the period. Finally, Horst & Graben Wealth Management LLC acquired a new position in Allstate in the third quarter valued at about $204,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Elizabeth Brady sold 49,481 shares of the 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction 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 in the company, valued at $15,880,915.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Elizabeth Brady sold 49,481 shares of the 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 sale, the executive vice president now 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 192,530 shares of company stock valued at $34,967,665. 1.80% of the stock is currently owned by company insiders.

Allstate Stock Up 0.0 %

Shares of NYSE ALL opened at $192.79 on Thursday. The company has a 50 day simple moving average of $187.73 and a 200 day simple moving average of $174.23. 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 Allstate Co. has a 1 year low of $122.47 and a 1 year high of $198.79. The firm has a market cap of $50.88 billion, a PE ratio of 42.56, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $14.04 billion. During the same quarter last year, the firm earned ($4.42) earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, research analysts forecast that The Allstate Co. will post 15.19 EPS for the current year.

Analysts Set New Price Targets

ALL has been the topic of several recent analyst reports. Piper Sandler raised their target price on shares of Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a report on Friday, August 16th. BMO Capital Markets lifted their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. The Goldman Sachs Group upped their target price on Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods lifted their price target on Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. One research 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 MarketBeat.com, Allstate has an average rating of “Moderate Buy” and a consensus price target of $206.44.

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.