Signaturefd LLC Acquires 111 Shares of The Allstate Co. (NYSE:ALL)

Signaturefd LLC increased its holdings in The Allstate Co. (NYSE:ALL) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,440 shares of the insurance provider’s stock after acquiring an additional 111 shares during the quarter. Signaturefd LLC’s holdings in Allstate were worth $842,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ALL. Allspring Global Investments Holdings LLC increased its position in shares of Allstate by 18.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock valued at $569,114,000 after buying an additional 472,040 shares during the period. AQR Capital Management LLC grew its holdings in shares of Allstate by 181.6% during the 2nd quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider’s stock worth $114,955,000 after acquiring an additional 464,337 shares during the period. Acadian Asset Management LLC raised its position in shares of Allstate by 3,839.0% in the 2nd quarter. Acadian Asset Management LLC now owns 416,117 shares of the insurance provider’s stock worth $66,417,000 after acquiring an additional 405,553 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Allstate by 757.1% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 340,274 shares of the insurance provider’s stock valued at $54,328,000 after purchasing an additional 300,572 shares during the period. Finally, Atalanta Sosnoff Capital LLC bought a new stake in shares of Allstate during the first quarter valued at approximately $43,909,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Down 0.4 %

NYSE ALL opened at $192.00 on Friday. The Allstate Co. has a 52 week low of $122.53 and a 52 week high of $198.79. 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 company has a market capitalization of $50.67 billion, a P/E ratio of 42.38, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. The stock’s 50-day moving average price is $187.73 and its 200-day moving average price is $174.23.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share 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 business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.04 billion. During the same period in the prior year, the business posted ($4.42) earnings per share. The company’s revenue was up 12.4% on a year-over-year basis. On average, equities research analysts predict that The Allstate Co. will post 15.19 earnings per share for the current year.

Insider Activity at Allstate

In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of the 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 completion of the sale, the executive vice president now directly owns 19,163 shares of the company’s stock, valued at $3,431,901.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Robert Toohey sold 16,682 shares of the company’s stock in a transaction on Monday, August 19th. The shares were 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 of the company’s stock, valued at $877,968.41. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Elizabeth Brady sold 49,481 shares of the stock in a transaction 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 transaction, the executive vice president now owns 19,163 shares of the company’s stock, valued at $3,431,901.67. This trade represents 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 valued at $34,967,665. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

ALL has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. BMO Capital Markets boosted their price target on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley raised their price objective on Allstate from $202.00 to $215.00 and gave the company an “overweight” rating in a research report on Monday. Wells Fargo & Company dropped their target price on Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a report on Friday, August 16th. Finally, Bank of America raised their price target on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $206.44.

Allstate 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.