The Allstate Co. (NYSE:ALL) Shares Sold by Alexander Randolph Advisory Inc.

Alexander Randolph Advisory Inc. lowered its holdings in The Allstate Co. (NYSE:ALL) by 0.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,313 shares of the insurance provider’s stock after selling 180 shares during the quarter. Allstate makes up about 3.4% of Alexander Randolph Advisory Inc.’s portfolio, making the stock its 8th biggest holding. Alexander Randolph Advisory Inc.’s holdings in Allstate were worth $3,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALL. BDF Gestion purchased a new stake in shares of Allstate during the second quarter valued at $3,051,000. OFI Invest Asset Management purchased a new stake in shares of Allstate in the 2nd quarter valued at approximately $476,000. Cetera Investment Advisers boosted its position in shares of Allstate by 351.6% in the first quarter. Cetera Investment Advisers now owns 65,221 shares of the insurance provider’s stock worth $11,284,000 after buying an additional 50,780 shares during the period. Diversified Trust Co boosted its position in shares of Allstate by 505.3% in the second quarter. Diversified Trust Co now owns 7,923 shares of the insurance provider’s stock worth $1,265,000 after buying an additional 6,614 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Allstate by 97.5% during the first quarter. Canada Pension Plan Investment Board now owns 271,464 shares of the insurance provider’s stock valued at $46,966,000 after buying an additional 134,028 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Piper Sandler raised their price objective on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Roth Mkm restated a “buy” rating and set a $200.00 price target on shares of Allstate in a report on Wednesday, August 14th. UBS Group upped their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Morgan Stanley lifted their target price on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Evercore ISI upped 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $212.56.

Insider Activity at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the transaction, the insider now owns 27,364 shares of the company’s stock, valued at $5,236,922.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 192,530 shares of company stock worth $34,967,665. 1.80% of the stock is owned by insiders.

Allstate Stock Up 0.4 %

Shares of NYSE ALL traded up $0.81 during mid-day trading on Wednesday, reaching $198.91. 167,261 shares of the company traded hands, compared to its average volume of 1,541,351. The company’s fifty day moving average is $189.43 and its two-hundred day moving average is $176.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The Allstate Co. has a fifty-two week low of $129.18 and a fifty-two week high of $201.00. The stock has a market cap of $52.67 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 1.80 and a beta of 0.48.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter last year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts expect that The Allstate Co. will post 15.64 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.