11,965 The Allstate Corporation $ALL Shares Purchased by Diversify Advisory Services LLC

Diversify Advisory Services LLC raised its stake in The Allstate Corporation (NYSE:ALL) by 126.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,415 shares of the insurance provider’s stock after acquiring an additional 11,965 shares during the quarter. Diversify Advisory Services LLC’s holdings in Allstate were worth $5,131,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. 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 in the last quarter. Capital Advisors Inc. OK grew its holdings in shares of Allstate by 2.6% during the 2nd quarter. Capital Advisors Inc. OK now owns 1,827 shares of the insurance provider’s stock valued at $435,000 after purchasing an additional 46 shares during the last quarter. Natural Investments LLC increased its position in Allstate by 1.5% during the 2nd quarter. Natural Investments LLC now owns 3,327 shares of the insurance provider’s stock worth $791,000 after purchasing an additional 50 shares in the last quarter. Kaizen Financial Strategies increased its position in Allstate by 5.5% during the 3rd quarter. Kaizen Financial Strategies now owns 967 shares of the insurance provider’s stock worth $215,000 after purchasing an additional 50 shares in the last quarter. Finally, Root Financial Partners LLC increased its position in Allstate by 4.7% during the 1st quarter. Root Financial Partners LLC now owns 1,170 shares of the insurance provider’s stock worth $243,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ALL shares. Keefe, Bruyette & Woods dropped their price objective on shares of Allstate from $250.00 to $232.00 and set an “underperform” rating for the company in a research note on Monday, October 12th. BMO Capital Markets boosted their target price on shares of Allstate from $250.00 to $284.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $315.00 target price (up from $300.00) on shares of Allstate in a research note on Tuesday, August 11th. Atlantic Securities set a $319.00 price target on shares of Allstate in a report on Wednesday, July 15th. Finally, Weiss Ratings upgraded Allstate from a “buy (a-)” rating to a “buy (a)” rating in a research note on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $270.19.

Allstate Stock Performance

Shares of ALL stock opened at $250.98 on Thursday. The business’s 50-day moving average price is $245.98 and its 200-day moving average price is $236.15. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $277.22. The firm has a market capitalization of $63.46 billion, a price-to-earnings ratio of 5.54, a PEG ratio of 0.55 and a beta of 0.13. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24.

Allstate (NYSE:ALL) last released its quarterly 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. Allstate had a return on equity of 41.64% and a net margin of 18.97%. The company had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $15.46 billion. During the same period in the previous year, the business posted $5.94 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts forecast that The Allstate Corporation will post 36.21 EPS for the current year.

Insider Activity at Allstate

In related news, insider John Dugenske sold 32,996 shares of Allstate stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the sale, the insider directly owned 13,054 shares in the company, valued at $3,515,833.82. This trade 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 hyperlink. Also, COO Mario Rizzo sold 56,225 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.55% of the stock is owned by company 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.