NorthRock Partners LLC Sells 958 Shares of The Allstate Co. (NYSE:ALL)

NorthRock Partners LLC lessened its position in shares of The Allstate Co. (NYSE:ALL) by 29.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,280 shares of the insurance provider’s stock after selling 958 shares during the period. NorthRock Partners LLC’s holdings in Allstate were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SPC Financial Inc. increased its holdings 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 period. Lake Street Advisors Group LLC increased its holdings in Allstate by 1.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock worth $596,000 after acquiring an additional 54 shares during the period. Abacus Planning Group Inc. grew its stake in Allstate by 2.4% in the 3rd quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock worth $458,000 after buying an additional 56 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Allstate by 1.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock worth $893,000 after buying an additional 59 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. grew its stake in Allstate by 15.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock worth $87,000 after buying an additional 60 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 1.5 %

Shares of NYSE ALL opened at $185.03 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The Allstate Co. has a 12 month low of $127.93 and a 12 month high of $198.79. The firm has a market capitalization of $49.00 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 1.73 and a beta of 0.48. The firm has a fifty day simple moving average of $188.85 and a two-hundred day simple moving average of $175.50.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the business earned $0.81 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities analysts expect that The Allstate Co. will post 15.23 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the sale, the chief executive officer now owns 88,552 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link. In other news, EVP Elizabeth Brady sold 49,481 shares of the business’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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. 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.

Wall Street Analyst Weigh In

ALL has been the subject of a number of research reports. Evercore ISI boosted their price target on shares of Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. 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. Keefe, Bruyette & Woods boosted their price target on shares of Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. TD Cowen boosted their price target on shares of Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Bank of America upped their price objective on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $208.44.

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.