1,114 Shares in The Allstate Co. (NYSE:ALL) Bought by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC acquired a new stake in shares of The Allstate Co. (NYSE:ALL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,114 shares of the insurance provider’s stock, valued at approximately $211,000.

Other hedge funds have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new stake in shares of Allstate in the 3rd quarter worth about $28,000. Versant Capital Management Inc boosted its stake in Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Family Firm Inc. bought a new position in Allstate in the 2nd quarter worth about $38,000. MCF Advisors LLC boosted its stake in Allstate by 33.9% in the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 84 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in Allstate in the 2nd quarter worth about $58,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ALL shares. StockNews.com cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. 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. Piper Sandler upped their price target on shares of Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Jefferies Financial Group upped their target price on shares of Allstate from $217.00 to $231.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Raymond James upped their target price on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Friday, October 4th. 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 issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.44.

Allstate Stock Performance

ALL opened at $188.12 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. The company has a market cap of $49.65 billion, a price-to-earnings ratio of 41.53, a PEG ratio of 1.74 and a beta of 0.48. The company’s 50 day moving average is $188.18 and its 200 day moving average is $174.51. The Allstate Co. has a 12-month low of $122.53 and a 12-month high of $198.79.

Allstate (NYSE:ALL) last posted its quarterly earnings data 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 net margin of 5.03% and a return on equity of 24.05%. The company had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.04 billion. During the same quarter last year, the firm posted ($4.42) earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts predict that The Allstate Co. will post 15.19 EPS for the current year.

Insiders Place Their Bets

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Allstate news, insider John E. Dugenske sold 36,367 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Toohey sold 16,682 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the sale, the executive vice president now owns 4,873 shares in the company, valued at approximately $877,968.41. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,530 shares of company stock worth $34,967,665. Company insiders own 1.80% of the company’s stock.

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.