Vest Financial LLC Purchases 25,960 Shares of The Allstate Corporation $ALL

Vest Financial LLC raised its holdings in shares of The Allstate Corporation (NYSE:ALL) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 325,545 shares of the insurance provider’s stock after buying an additional 25,960 shares during the period. Vest Financial LLC’s holdings in Allstate were worth $72,225,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sage Private Wealth Group LLC boosted its position in Allstate by 18.9% during the 3rd quarter. Sage Private Wealth Group LLC now owns 1,209 shares of the insurance provider’s stock worth $268,000 after purchasing an additional 192 shares during the period. Sawyer & Company Inc purchased a new position in Allstate in the third quarter valued at about $2,690,000. City State Bank raised its position in Allstate by 26.5% in the third quarter. City State Bank now owns 277 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 58 shares during the period. Capstone Capital Management Ltd purchased a new position in Allstate in the third quarter valued at about $962,000. Finally, Innova Wealth Partners lifted its stake in shares of Allstate by 32.9% during the third quarter. Innova Wealth Partners now owns 2,245 shares of the insurance provider’s stock worth $498,000 after purchasing an additional 556 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Allstate

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

Allstate Stock Up 0.4%

Shares of NYSE:ALL opened at $250.98 on Thursday. The firm has a market cap of $63.46 billion, a PE ratio of 5.01, a price-to-earnings-growth ratio of 0.55 and a beta of 0.13. The company has a fifty day simple moving average of $245.98 and a 200 day simple moving average of $236.15. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24. The Allstate Corporation has a 12-month low of $188.08 and a 12-month high of $277.22.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, topping analysts’ consensus estimates of $6.06 by $2.93. The business had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $15.46 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $5.94 earnings per share. On average, equities research analysts anticipate that The Allstate Corporation will post 36.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ALL shares. Zacks Research lowered Allstate from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. Atlantic Securities set a $319.00 target price on Allstate in a report on Wednesday, July 15th. Cantor Fitzgerald boosted their price target on Allstate from $236.00 to $242.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Weiss Ratings upgraded Allstate from a “buy (a-)” rating to a “buy (a)” rating in a report on Wednesday, October 14th. Finally, UBS Group upped their price target on Allstate from $261.00 to $275.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $270.19.

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.