Ferguson Wellman Capital Management Inc. Has $6.41 Million Stock Position in The Allstate Co. (NYSE:ALL)

Ferguson Wellman Capital Management Inc. reduced its holdings in shares of The Allstate Co. (NYSE:ALL) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,816 shares of the insurance provider’s stock after selling 2,383 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Allstate were worth $6,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in shares of Allstate in the 1st quarter valued at approximately $26,000. Northwest Investment Counselors LLC acquired a new stake in Allstate in the first quarter valued at approximately $26,000. Versant Capital Management Inc increased its holdings in shares of 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 position in shares of Allstate in the 2nd quarter valued at $38,000. Finally, MCF Advisors LLC boosted its holdings in shares of Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 84 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Insider Activity

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 stock was 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 directly owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of the company’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 transaction, the executive vice president now owns 19,163 shares in the company, valued at approximately $3,431,901.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert Toohey sold 16,682 shares of Allstate stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the transaction, the executive vice president now owns 4,873 shares of the company’s stock, valued at $877,968.41. This 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 in the last three months. Company insiders own 1.80% of the company’s stock.

Allstate Trading Down 0.1 %

Shares of Allstate stock traded down $0.14 on Friday, reaching $195.37. 1,051,563 shares of the company’s stock were exchanged, compared to its average volume of 1,548,418. The company has a market capitalization of $51.56 billion, a P/E ratio of 43.13, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. The Allstate Co. has a 52 week low of $121.70 and a 52 week high of $198.79. 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 firm’s 50-day moving average is $186.66 and its two-hundred day moving average is $173.80.

Allstate (NYSE:ALL) last issued its earnings results 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 net margin of 5.03% and a return on equity of 24.05%. The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.04 billion. During the same period in the prior year, the firm earned ($4.42) earnings per share. Allstate’s revenue was up 12.4% on a year-over-year basis. Sell-side analysts predict that The Allstate Co. will post 15.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of recent research reports. StockNews.com cut Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. raised their price objective on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. BMO Capital Markets boosted their target price on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday. Piper Sandler raised their price target on shares of Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.59.

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.