Applied Capital LLC FL Lowers Stake in The Allstate Co. (NYSE:ALL)

Applied Capital LLC FL cut its position in The Allstate Co. (NYSE:ALL) by 5.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,701 shares of the insurance provider’s stock after selling 95 shares during the quarter. Applied Capital LLC FL’s holdings in Allstate were worth $323,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ALL. Syon Capital LLC increased its stake in Allstate by 5.4% during the 4th quarter. Syon Capital LLC now owns 2,033 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 105 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in Allstate during the 4th quarter valued at about $273,000. SageView Advisory Group LLC acquired a new position in shares of Allstate in the fourth quarter valued at about $456,000. Kapitalo Investimentos Ltda purchased a new position in shares of Allstate in the fourth quarter worth about $72,000. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Allstate by 122.1% during the first quarter. Los Angeles Capital Management LLC now owns 43,640 shares of the insurance provider’s stock worth $7,550,000 after purchasing an additional 23,990 shares during the period. Institutional investors own 76.47% of the company’s stock.

Allstate Trading Up 1.3 %

ALL opened at $192.99 on Wednesday. The firm’s 50 day moving average is $185.17 and its 200-day moving average is $173.33. The Allstate Co. has a 52-week low of $119.61 and a 52-week high of $195.87. 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 firm has a market capitalization of $50.93 billion, a P/E ratio of 42.60, a P/E/G ratio of 1.74 and a beta of 0.48.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share 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 analyst estimates of $14.04 billion. Allstate had a return on equity of 24.05% and a net margin of 5.03%. Allstate’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm earned ($4.42) EPS. Analysts expect that The Allstate Co. will post 15.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ALL has been the topic of a number of recent research reports. Bank of America lowered their target price on Allstate from $226.00 to $216.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price objective on shares of Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Jefferies Financial Group increased their target price on shares of Allstate from $217.00 to $231.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Piper Sandler lifted their price target on Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. upped their price target on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and a consensus target price of $201.06.

Insiders Place Their Bets

In related news, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the sale, the insider now owns 27,364 shares of the company’s stock, valued at $5,236,922.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider John E. Dugenske sold 36,367 shares of the 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 completion of the sale, the insider now directly owns 27,364 shares of the company’s stock, valued at $5,236,922.32. 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 at the SEC website. Also, insider Suren Gupta sold 45,775 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $177.28, for a total value of $8,114,992.00. Following the sale, the insider now owns 89,930 shares of the company’s stock, valued at $15,942,790.40. 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 sold 238,305 shares of company stock worth $43,082,657. Insiders own 1.80% of the company’s stock.

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.