The Allstate Co. (NYSE:ALL) Shares Sold by CNB Bank

CNB Bank lowered its holdings in shares of The Allstate Co. (NYSE:ALL) by 10.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,418 shares of the insurance provider’s stock after selling 512 shares during the period. CNB Bank’s holdings in Allstate were worth $838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate during the first quarter worth about $26,000. Versant Capital Management Inc raised its stake in Allstate by 70.9% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. Family Firm Inc. acquired a new stake in Allstate during the 2nd quarter worth approximately $38,000. MCF Advisors LLC grew its stake in shares of Allstate by 33.9% in the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 84 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in shares of Allstate by 38.5% in the first quarter. Sunbelt Securities Inc. now owns 363 shares of the insurance provider’s stock valued at $63,000 after purchasing an additional 101 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ALL shares. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price target on shares of Allstate in a report on Wednesday, August 14th. UBS Group raised their target price on shares of Allstate from $215.00 to $216.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Raymond James boosted their price target on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 4th. The Goldman Sachs Group increased their price target on shares of Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Finally, Evercore ISI lifted their price objective on Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average target price of $202.59.

Allstate Stock Down 0.1 %

ALL opened at $195.37 on Friday. 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 company has a market cap of $51.56 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 1.74 and a beta of 0.48. The Allstate Co. has a one year low of $121.70 and a one year high of $198.79. The business’s fifty day moving average is $186.66 and its two-hundred day moving average is $173.81.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, topping 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 business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.04 billion. During the same period in the previous year, the firm earned ($4.42) EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. Analysts anticipate that The Allstate Co. will post 15.19 EPS for the current fiscal year.

Insider Buying and Selling at Allstate

In other news, EVP Elizabeth Brady sold 49,481 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 19,163 shares of the company’s stock, valued at $3,431,901.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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. Insiders have sold 192,530 shares of company stock valued at $34,967,665 over the last quarter. Corporate 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.