Nadler Financial Group Inc. Has $654,000 Stock Holdings in The Allstate Co. (NYSE:ALL)

Nadler Financial Group Inc. cut its position in The Allstate Co. (NYSE:ALL) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,446 shares of the insurance provider’s stock after selling 135 shares during the quarter. Nadler Financial Group Inc.’s holdings in Allstate were worth $654,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in shares of Allstate during the third quarter worth approximately $28,000. Versant Capital Management Inc grew its position in Allstate by 70.9% during the second 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 shares of Allstate in the 2nd quarter worth approximately $38,000. MCF Advisors LLC raised its stake in shares of Allstate by 33.9% in 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 in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of Allstate during the 2nd quarter worth about $58,000. Institutional investors own 76.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ALL shares. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Barclays raised their price objective on shares of Allstate from $175.00 to $187.00 and gave the stock an “underweight” rating in a report on Thursday. UBS Group increased their target price on Allstate from $215.00 to $216.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price target on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Raymond James increased their price objective on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.19.

Insider Buying and Selling at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. This trade 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 accessible through this hyperlink. In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of Allstate 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John E. Dugenske sold 36,367 shares of the business’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 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 approximately $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 have sold 192,530 shares of company stock worth $34,967,665. Corporate insiders own 1.80% of the company’s stock.

Allstate Stock Up 0.1 %

NYSE ALL traded up $0.14 during trading hours on Friday, reaching $186.66. 35,304 shares of the company’s stock were exchanged, compared to its average volume of 1,539,736. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Co. has a one year low of $127.93 and a one year high of $198.79. The company’s 50-day moving average is $188.80 and its two-hundred day moving average is $175.03. The company has a market capitalization of $49.29 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.91 and a beta of 0.48.

Allstate (NYSE:ALL) last announced its earnings results 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 net margin of 6.77% and a return on equity of 27.74%. The firm had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the business earned $0.81 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts forecast that The Allstate Co. will post 14.16 EPS for the current fiscal year.

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.