12,125 Shares of The Allstate Corporation $ALL Bought by Sawyer & Company Inc

Sawyer & Company Inc bought a new stake in shares of The Allstate Corporation (NYSE:ALL) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,125 shares of the insurance provider’s stock, valued at approximately $2,690,000.

A number of other large investors also recently added to or reduced their stakes in ALL. Cornerstone Financial Management LLC boosted its stake in shares of Allstate by 24.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 226 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 45 shares during the last quarter. Capital Advisors Inc. OK raised its stake in shares of Allstate by 2.6% during the second quarter. Capital Advisors Inc. OK now owns 1,827 shares of the insurance provider’s stock worth $435,000 after buying an additional 46 shares during the last quarter. Natural Investments LLC lifted its holdings in Allstate by 1.5% in the second quarter. Natural Investments LLC now owns 3,327 shares of the insurance provider’s stock valued at $791,000 after buying an additional 50 shares during the period. Kaizen Financial Strategies lifted its holdings in Allstate by 5.5% in the third quarter. Kaizen Financial Strategies now owns 967 shares of the insurance provider’s stock valued at $215,000 after buying an additional 50 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in Allstate by 4.7% in the first quarter. Root Financial Partners LLC now owns 1,170 shares of the insurance provider’s stock valued at $243,000 after buying an additional 53 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Allstate from $282.00 to $292.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. UBS Group upped their target price on shares of Allstate from $261.00 to $275.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. TD Cowen lifted their price objective on Allstate from $231.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, September 23rd. Barclays dropped their price objective on Allstate from $226.00 to $221.00 and set an “underweight” rating for the company in a report on Wednesday, October 7th. Finally, Cantor Fitzgerald increased their target price on Allstate from $236.00 to $242.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Allstate presently has a consensus rating of “Hold” and a consensus target price of $270.19.

Allstate Trading Down 0.1%

NYSE:ALL traded down $0.34 during trading hours on Wednesday, hitting $249.57. The stock had a trading volume of 455,467 shares, compared to its average volume of 1,755,933. The Allstate Corporation has a one year low of $188.08 and a one year high of $277.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market cap of $63.11 billion, a price-to-earnings ratio of 4.99, a P/E/G ratio of 0.55 and a beta of 0.13. The business’s 50 day moving average is $246.08 and its 200-day moving average is $235.84.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, topping the consensus estimate of $6.06 by $2.93. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $15.46 billion. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $5.94 earnings per share. Sell-side analysts anticipate that The Allstate Corporation will post 36.20 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider John Dugenske sold 32,996 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $269.33, for a total value of $8,886,812.68. Following the completion of the sale, the insider owned 13,054 shares in the company, valued at $3,515,833.82. This represents a 71.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Mario Rizzo sold 56,225 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total value of $14,870,388.00. Following the sale, the chief operating officer directly owned 82,227 shares in the company, valued at $21,747,396.96. The trade was a 40.61% decrease in their position. The SEC filing for this sale provides additional information. 1.55% of the stock is owned by corporate insiders.

Allstate Profile

Allstate Corp. (NYSE: ALL) is an insurance company that provides protection products and related services primarily in the United States. Its offerings include automobile, homeowners, renters, condominium, motorcycle and other personal property and casualty insurance, distributed through agents, brokers, direct channels and digital platforms.

The company also provides roadside assistance, identity-protection services and protection plans for consumer products. Through its acquisition of National General, Allstate expanded its presence in independent-agent distribution and specialty personal insurance.