The Allstate Co. (NYSE:ALL) Shares Sold by Barnes Pettey Financial Advisors LLC

Barnes Pettey Financial Advisors LLC lowered its holdings in The Allstate Co. (NYSE:ALL) by 7.3% during the third quarter, HoldingsChannel.com reports. The fund owned 4,945 shares of the insurance provider’s stock after selling 390 shares during the period. Allstate accounts for about 0.7% of Barnes Pettey Financial Advisors LLC’s portfolio, making the stock its 29th biggest position. Barnes Pettey Financial Advisors LLC’s holdings in Allstate were worth $938,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ALL. Sunbelt Securities Inc. increased its holdings in shares of Allstate by 38.5% in the 1st quarter. Sunbelt Securities Inc. now owns 363 shares of the insurance provider’s stock worth $63,000 after acquiring an additional 101 shares during the period. Brookstone Capital Management increased its stake in shares of Allstate by 40.8% in the first quarter. Brookstone Capital Management now owns 6,368 shares of the insurance provider’s stock valued at $1,102,000 after purchasing an additional 1,845 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Allstate by 4.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 68,023 shares of the insurance provider’s stock valued at $11,769,000 after buying an additional 2,940 shares during the last quarter. Aviance Capital Partners LLC boosted its position in shares of Allstate by 14.1% during the first quarter. Aviance Capital Partners LLC now owns 6,448 shares of the insurance provider’s stock worth $1,116,000 after buying an additional 797 shares during the period. Finally, Diversified Trust Co bought a new position in Allstate in the 1st quarter worth approximately $226,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 88,552 shares in the company, valued at approximately $15,880,915.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Allstate 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, the chief executive officer now owns 88,552 shares of the company’s stock, valued at $15,880,915.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 192,530 shares of company stock valued at $34,967,665. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Raymond James lifted their target price on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Friday, October 4th. Roth Mkm restated a “buy” rating and set a $200.00 price objective on shares of Allstate in a research note on Wednesday, August 14th. BMO Capital Markets upped their price objective on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Barclays assumed coverage on shares of Allstate in a research note on Wednesday, September 4th. They set an “underweight” rating and a $175.00 target price on the stock. 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 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $206.44.

Allstate Trading Down 2.0 %

Shares of ALL opened at $188.12 on Friday. The stock’s fifty day simple moving average is $188.18 and its 200-day simple moving average is $174.51. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. The Allstate Co. has a 12-month low of $122.53 and a 12-month high of $198.79. The firm has a market capitalization of $49.65 billion, a PE ratio of 41.53, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $1.28. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.04 billion. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The company’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($4.42) earnings per share. As a group, research analysts predict that The Allstate Co. will post 15.19 earnings per share for the current year.

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.