SPC Financial Inc. Buys 54 Shares of The Allstate Co. (NYSE:ALL)

SPC Financial Inc. lifted its position in shares of The Allstate Co. (NYSE:ALL) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,564 shares of the insurance provider’s stock after buying an additional 54 shares during the period. SPC Financial Inc.’s holdings in Allstate were worth $297,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Abacus Planning Group Inc. boosted its holdings in shares of Allstate by 2.4% in the 3rd quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock valued at $458,000 after purchasing an additional 56 shares in the last quarter. Premier Path Wealth Partners LLC raised its stake in Allstate by 2.5% during the second quarter. Premier Path Wealth Partners LLC now owns 2,457 shares of the insurance provider’s stock worth $392,000 after acquiring an additional 61 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in shares of Allstate by 0.9% in the third quarter. Sumitomo Life Insurance Co. now owns 6,567 shares of the insurance provider’s stock worth $1,245,000 after acquiring an additional 61 shares during the last quarter. Aprio Wealth Management LLC boosted its stake in shares of Allstate by 5.9% in the 3rd quarter. Aprio Wealth Management LLC now owns 1,360 shares of the insurance provider’s stock valued at $258,000 after purchasing an additional 76 shares in the last quarter. Finally, Everpar Advisors LLC grew its holdings in shares of Allstate by 3.3% during the 3rd quarter. Everpar Advisors LLC now owns 2,434 shares of the insurance provider’s stock valued at $462,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

ALL has been the subject of several research reports. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Jefferies Financial Group raised their price objective on Allstate from $217.00 to $231.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. The Goldman Sachs Group boosted their price target on Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Finally, Piper Sandler raised their price objective on shares of Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and an average target price of $201.06.

Insider Buying and Selling at Allstate

In other 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 value of $8,861,552.29. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Robert Toohey sold 16,682 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $180.17, for a total value of $3,005,595.94. Following the completion of the sale, the executive vice president now directly owns 4,873 shares in the company, valued at $877,968.41. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Elizabeth Brady sold 49,481 shares of the company’s stock in a transaction that occurred on 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 directly owns 19,163 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 192,530 shares of company stock valued at $34,967,665. 1.80% of the stock is currently owned by company insiders.

Allstate Price Performance

Shares of NYSE ALL opened at $195.51 on Friday. The company has a market capitalization of $51.60 billion, a PE ratio of 43.16, 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 twelve month low of $121.70 and a twelve month high of $198.79. The firm has a fifty day simple moving average of $186.17 and a 200 day simple moving average of $173.64.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share 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 firm 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 posted ($4.42) EPS. The business’s quarterly revenue was up 12.4% on a year-over-year basis. On average, sell-side analysts forecast that The Allstate Co. will post 15.19 EPS for the current year.

About Allstate

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.