Janney Capital Management LLC Acquires 486 Shares of The Allstate Co. (NYSE:ALL)

Janney Capital Management LLC lifted its holdings in The Allstate Co. (NYSE:ALL) by 2.5% in the 3rd quarter, Holdings Channel reports. The firm owned 20,160 shares of the insurance provider’s stock after buying an additional 486 shares during the quarter. Janney Capital Management LLC’s holdings in Allstate were worth $3,823,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate in the third quarter worth about $28,000. Versant Capital Management Inc raised its stake in shares of Allstate by 70.9% in 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 in the last quarter. Family Firm Inc. acquired a new stake in Allstate in the 2nd quarter worth approximately $38,000. MCF Advisors LLC boosted its position in Allstate by 33.9% during 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 period. Finally, First Command Advisory Services Inc. acquired a new position in Allstate during the second quarter valued at approximately $58,000. 76.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ALL has been the subject of several recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price objective on shares of Allstate in a report on Wednesday, August 14th. Jefferies Financial Group lifted their price objective on Allstate from $217.00 to $231.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Bank of America increased their target price on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Raymond James lifted their price target on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. upped their price target on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.19.

Insiders Place Their Bets

In other news, EVP Elizabeth Brady sold 49,481 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Elizabeth Brady sold 49,481 shares of the business’s stock in a transaction on 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 $3,431,901.67. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John E. Dugenske sold 36,367 shares of the 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 transaction, the insider now owns 27,364 shares of the company’s stock, valued at $5,236,922.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 192,530 shares of company stock worth $34,967,665 over the last quarter. Company insiders own 1.80% of the company’s stock.

Allstate Stock Down 1.3 %

Shares of ALL stock opened at $184.15 on Friday. The Allstate Co. has a one year low of $127.93 and a one year high of $198.79. 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 stock has a fifty day moving average price of $188.87 and a 200 day moving average price of $175.23. The stock has a market cap of $48.62 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 1.91 and a beta of 0.48.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The company had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 27.74%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS. Analysts predict that The Allstate Co. will post 14.16 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.