West Michigan Advisors LLC Decreases Stake in The Allstate Co. (NYSE:ALL)

West Michigan Advisors LLC trimmed its position in The Allstate Co. (NYSE:ALL) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,170 shares of the insurance provider’s stock after selling 91 shares during the quarter. West Michigan Advisors LLC’s holdings in Allstate were worth $414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC raised its position in shares of Allstate by 8.1% during the 1st quarter. Park Avenue Securities LLC now owns 4,506 shares of the insurance provider’s stock worth $780,000 after acquiring an additional 336 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of Allstate by 38.5% in the 1st quarter. Sunbelt Securities Inc. now owns 363 shares of the insurance provider’s stock valued at $63,000 after purchasing an additional 101 shares during the period. Brookstone Capital Management lifted its stake in 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 buying an additional 1,845 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Allstate by 4.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 68,023 shares of the insurance provider’s stock valued at $11,769,000 after acquiring an additional 2,940 shares during the period. Finally, 180 Wealth Advisors LLC grew its position in shares of Allstate by 25.2% during the first quarter. 180 Wealth Advisors LLC now owns 1,762 shares of the insurance provider’s stock worth $305,000 after acquiring an additional 355 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Price Performance

ALL stock opened at $192.00 on Friday. 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 stock’s 50 day moving average price is $187.73 and its 200 day moving average price is $174.23. The firm has a market cap of $50.67 billion, a P/E ratio of 42.38, a PEG ratio of 1.74 and a beta of 0.48. The Allstate Co. has a 1 year low of $122.53 and a 1 year high of $198.79.

Allstate (NYSE:ALL) last announced 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 quarter in the previous year, the company posted ($4.42) EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, sell-side analysts expect that The Allstate Co. will post 15.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ALL shares. Evercore ISI increased their price target on shares of Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group boosted their price objective on shares of Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Roth Mkm reissued a “buy” rating and issued a $200.00 price target on shares of Allstate in a report on Wednesday, August 14th. JPMorgan Chase & Co. increased their price target on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company reduced their price objective on shares of Allstate from $177.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Allstate has an average rating of “Moderate Buy” and an average target price of $206.44.

Insider Buying and Selling

In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of the stock in a transaction 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 owns 19,163 shares of the company’s stock, valued at $3,431,901.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth Brady sold 49,481 shares of the 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 sale, the executive vice president now directly owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 192,530 shares of company stock worth $34,967,665. 1.80% of the stock is owned by insiders.

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.