Brighton Jones LLC Lowers Holdings in The Allstate Co. (NYSE:ALL)

Brighton Jones LLC decreased its stake in shares of The Allstate Co. (NYSE:ALL) by 1.8% in the third quarter, Holdings Channel reports. The institutional investor owned 4,057 shares of the insurance provider’s stock after selling 75 shares during the quarter. Brighton Jones LLC’s holdings in Allstate were worth $769,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in shares of Allstate in the third quarter worth $28,000. Versant Capital Management Inc raised its stake in shares of Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 78 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Allstate in the second quarter worth $38,000. MCF Advisors LLC raised its stake in shares of Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 84 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in shares of Allstate in the second quarter worth $58,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

ALL stock opened at $188.12 on Friday. The business has a 50 day moving average price of $188.01 and a 200 day moving average price of $174.36. The stock has a market cap of $49.65 billion, a price-to-earnings ratio of 41.53, a PEG ratio of 1.74 and a beta of 0.48. The Allstate Co. has a fifty-two week low of $122.53 and a fifty-two week high of $198.79. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $14.04 billion. During the same quarter in the previous year, the business earned ($4.42) earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year. Equities research analysts anticipate that The Allstate Co. will post 15.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

ALL has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. TD Cowen upped their price objective on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. StockNews.com cut Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Wells Fargo & Company reduced their price objective on Allstate from $177.00 to $175.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. Finally, Roth Mkm reiterated a “buy” rating and set a $200.00 price objective on shares of Allstate in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Allstate currently has an average rating of “Moderate Buy” and a consensus price target of $206.44.

Insider Buying and Selling at Allstate

In other Allstate news, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $180.17, for a total value of $3,005,595.94. Following the completion of the sale, the executive vice president now owns 4,873 shares in the company, valued at approximately $877,968.41. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Allstate news, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $180.17, for a total value of $3,005,595.94. Following the completion of the sale, the executive vice president now owns 4,873 shares in the company, valued at approximately $877,968.41. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction that occurred 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. 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. 1.80% of the stock is owned by insiders.

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.