Oppenheimer Asset Management Inc. Has $12.06 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Oppenheimer Asset Management Inc. grew its position in The Allstate Co. (NYSE:ALL) by 10.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,579 shares of the insurance provider’s stock after buying an additional 6,234 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Allstate were worth $12,058,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALL. Northwest Investment Counselors LLC bought a new position in shares of Allstate during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC acquired a new stake in Allstate in the 3rd quarter valued at $29,000. Versant Capital Management Inc lifted its position in Allstate by 70.9% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after buying an additional 78 shares in the last quarter. Family Firm Inc. bought a new stake in Allstate during the second quarter worth about $38,000. Finally, 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 valued at $53,000 after purchasing an additional 84 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Roth Mkm reissued a “buy” rating and issued a $200.00 price objective on shares of Allstate in a research report on Wednesday, August 14th. StockNews.com downgraded Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. BMO Capital Markets upped their price objective on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. TD Cowen lifted their target price on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Raymond James increased their price target on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $212.56.

Allstate Price Performance

Shares of NYSE:ALL opened at $197.30 on Thursday. The firm has a 50 day simple moving average of $189.43 and a 200 day simple moving average of $176.25. The company has a market cap of $52.25 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.77 and a beta of 0.48. The Allstate Co. has a one year low of $129.18 and a one year high of $201.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The business had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the previous year, the company posted $0.81 EPS. Allstate’s quarterly revenue was up 14.7% compared to the same quarter last year. Research analysts predict that The Allstate Co. will post 16.02 earnings per share for the current fiscal year.

Insider Activity at Allstate

In other news, CEO Thomas J. Wilson sold 90,000 shares of the 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 completion of the sale, the chief executive officer now owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction that occurred 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 directly owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the sale, the chief executive officer now owns 88,552 shares of the company’s stock, valued at $15,880,915.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 192,530 shares of company stock worth $34,967,665 in the last quarter. 1.80% of the stock is owned by insiders.

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.