3,559 Shares of The Allstate Corporation $ALL Bought by Leo Wealth LLC

Leo Wealth LLC acquired a new stake in The Allstate Corporation (NYSE:ALL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,559 shares of the insurance provider’s stock, valued at approximately $790,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Allstate in the 2nd quarter valued at approximately $5,439,448,000. Bank of America Corp DE lifted its holdings in shares of Allstate by 8.1% during the first quarter. Bank of America Corp DE now owns 7,913,320 shares of the insurance provider’s stock worth $1,640,748,000 after purchasing an additional 596,321 shares during the period. GQG Partners LLC acquired a new position in shares of Allstate during the second quarter worth $1,245,710,000. Deutsche Bank AG bought a new stake in shares of Allstate in the second quarter worth $1,008,648,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Allstate by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,804,615 shares of the insurance provider’s stock worth $581,515,000 after purchasing an additional 154,259 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ALL. Cantor Fitzgerald raised their target price on Allstate from $236.00 to $242.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Jefferies Financial Group reduced their price target on Allstate from $310.00 to $292.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. BMO Capital Markets increased their price target on Allstate from $250.00 to $284.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Mizuho lowered their price objective on Allstate from $300.00 to $295.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Finally, Argus set a $238.00 price objective on Allstate in a research note on Friday, August 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Allstate currently has an average rating of “Hold” and a consensus target price of $270.19.

Insider Activity

In other news, COO Mario Rizzo sold 56,225 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $21,747,396.96. The trade was a 40.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Dugenske sold 32,996 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 13,054 shares in the company, valued at $3,515,833.82. This represents a 71.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.55% of the company’s stock.

Allstate Price Performance

Shares of NYSE ALL opened at $255.89 on Tuesday. The Allstate Corporation has a twelve month low of $188.08 and a twelve month high of $277.22. The firm has a fifty day simple moving average of $245.82 and a 200 day simple moving average of $226.99. The company has a market capitalization of $64.70 billion, a PE ratio of 5.11, a P/E/G ratio of 0.56 and a beta of 0.13. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.06 by $2.93. The business 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%. Allstate’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.94 earnings per share. On average, sell-side analysts forecast that The Allstate Corporation will post 36.21 EPS for the current year.

Allstate Company 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.