Pullen Investment Management LLC Boosts Position in The Allstate Co. (NYSE:ALL)

Pullen Investment Management LLC boosted its holdings in The Allstate Co. (NYSE:ALL) by 1.8% in the third quarter, HoldingsChannel.com reports. The firm owned 11,985 shares of the insurance provider’s stock after buying an additional 210 shares during the quarter. Allstate comprises about 1.7% of Pullen Investment Management LLC’s investment portfolio, making the stock its 13th largest holding. Pullen Investment Management LLC’s holdings in Allstate were worth $2,273,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ALL. Sunbelt Securities Inc. increased its position in shares of Allstate by 38.5% during the first quarter. Sunbelt Securities Inc. now owns 363 shares of the insurance provider’s stock worth $63,000 after purchasing an additional 101 shares in the last quarter. Brookstone Capital Management boosted its holdings in shares of Allstate by 40.8% in the first quarter. Brookstone Capital Management now owns 6,368 shares of the insurance provider’s stock valued at $1,102,000 after acquiring an additional 1,845 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Allstate by 4.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 68,023 shares of the insurance provider’s stock worth $11,769,000 after acquiring an additional 2,940 shares during the last quarter. Aviance Capital Partners LLC grew its position in shares of Allstate by 14.1% during the first quarter. Aviance Capital Partners LLC now owns 6,448 shares of the insurance provider’s stock worth $1,116,000 after acquiring an additional 797 shares during the last quarter. Finally, Diversified Trust Co acquired a new position in shares of Allstate in the 1st quarter valued at $226,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ALL. Barclays initiated coverage on shares of Allstate in a research report on Wednesday, September 4th. They set an “underweight” rating and a $175.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. 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. The Goldman Sachs Group raised their target price on shares of Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, TD Cowen lifted their price objective on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $206.44.

Insider Transactions at Allstate

In related news, EVP Elizabeth Brady sold 49,481 shares of the company’s 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 transaction, the executive vice president now owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction 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 completion of the sale, the insider now owns 27,364 shares of the company’s stock, valued at $5,236,922.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elizabeth Brady sold 49,481 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $179.09, for a total value of $8,861,552.29. Following the transaction, the executive vice president now owns 19,163 shares in the company, valued at $3,431,901.67. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 192,530 shares of company stock worth $34,967,665 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Allstate Trading Down 2.0 %

Shares of ALL stock opened at $188.12 on Friday. The stock has a market cap of $49.65 billion, a P/E ratio of 41.53, a P/E/G ratio of 1.74 and a beta of 0.48. 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 Allstate Co. has a fifty-two week low of $122.53 and a fifty-two week high of $198.79. The business has a fifty day simple moving average of $188.18 and a 200-day simple moving average of $174.51.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $0.33 by $1.28. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. During the same period last year, the firm posted ($4.42) EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts forecast that The Allstate Co. will post 15.19 earnings per share 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.