The Allstate Co. (NYSE:ALL) Stock Holdings Cut by Carret Asset Management LLC

Carret Asset Management LLC reduced its position in shares of The Allstate Co. (NYSE:ALL) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,673 shares of the insurance provider’s stock after selling 90 shares during the quarter. Allstate comprises 0.9% of Carret Asset Management LLC’s portfolio, making the stock its 26th largest holding. Carret Asset Management LLC’s holdings in Allstate were worth $8,283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in shares of Allstate during the 3rd quarter worth $28,000. Versant Capital Management Inc boosted its stake in shares of 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 acquiring an additional 78 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Allstate during the 2nd quarter worth $38,000. MCF Advisors LLC boosted its stake in shares of Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after acquiring an additional 84 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of Allstate during the 2nd quarter worth $58,000. 76.47% of the stock is owned by institutional investors.

Insider Activity at Allstate

In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were 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 directly owns 88,552 shares in the company, valued at approximately $15,880,915.68. 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, EVP Elizabeth Brady sold 49,481 shares of the firm’s 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 owns 19,163 shares in the company, valued at $3,431,901.67. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 192,530 shares of company stock valued at $34,967,665. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

ALL has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Bank of America raised their price objective on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Raymond James raised their price objective on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 4th. Morgan Stanley raised their price objective on Allstate from $202.00 to $215.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Evercore ISI increased their target price on Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $206.44.

Allstate Price Performance

Shares of NYSE:ALL opened at $188.12 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. The Allstate Co. has a 1 year low of $122.53 and a 1 year 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. The firm has a market cap of $49.65 billion, a price-to-earnings ratio of 41.53, a P/E/G ratio of 1.74 and a beta of 0.48.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $1.28. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.04 billion. During the same period last year, the company earned ($4.42) earnings per share. Allstate’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, sell-side analysts predict 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.