The Allstate Co. (NYSE:ALL) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC reduced its position in The Allstate Co. (NYSE:ALL) by 3.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,404 shares of the insurance provider’s stock after selling 192 shares during the quarter. Copeland Capital Management LLC’s holdings in Allstate were worth $1,025,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC acquired a new position in Allstate during the 4th quarter worth approximately $273,000. Park Avenue Securities LLC lifted its position in Allstate by 8.1% during the 1st quarter. Park Avenue Securities LLC now owns 4,506 shares of the insurance provider’s stock worth $780,000 after acquiring an additional 336 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Allstate during the 1st quarter worth approximately $26,000. Global Assets Advisory LLC acquired a new position in Allstate during the 1st quarter worth approximately $5,583,000. Finally, Sunbelt Securities Inc. lifted its position in Allstate by 38.5% during 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 in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALL has been the topic of several analyst reports. The Goldman Sachs Group lifted their price objective on Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. StockNews.com downgraded Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Raymond James boosted their price target on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. TD Cowen boosted their price target on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Morgan Stanley boosted their price target on Allstate from $202.00 to $215.00 and gave the company an “overweight” rating in a report on Monday. One equities 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 company. According to MarketBeat, Allstate currently has an average rating of “Moderate Buy” and a consensus price target of $206.44.

Allstate Price Performance

Shares of ALL opened at $192.78 on Wednesday. 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 Allstate Co. has a 12 month low of $121.70 and a 12 month high of $198.79. The stock has a fifty day moving average price of $187.50 and a 200 day moving average price of $174.10. The company has a market cap of $50.88 billion, a P/E ratio of 42.56, a PEG ratio of 1.74 and a beta of 0.48.

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

Insiders Place Their Bets

In other Allstate 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 transaction of $8,861,552.29. Following the completion of the transaction, the executive vice president now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the insider now directly owns 27,364 shares in the company, valued at $5,236,922.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 192,530 shares of company stock worth $34,967,665. 1.80% of the stock is owned by company insiders.

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.