4,646 Shares of The Allstate Corporation $ALL Acquired by Trek Financial LLC

Trek Financial LLC purchased a new stake in shares of The Allstate Corporation (NYSE:ALL) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 4,646 shares of the insurance provider’s stock, valued at approximately $1,031,000.

A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Allstate in the 2nd quarter worth approximately $5,439,448,000. Bank of America Corp DE acquired a new stake in shares of Allstate during the 2nd quarter worth approximately $1,410,362,000. GQG Partners LLC purchased a new position in shares of Allstate during the 2nd quarter valued at approximately $1,245,710,000. Deutsche Bank AG acquired a new position in shares of Allstate in the 2nd quarter valued at $1,008,648,000. Finally, Legal & General Group Plc acquired a new position in shares of Allstate in the 2nd quarter valued at $455,302,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Stock Performance

NYSE:ALL opened at $264.32 on Tuesday. 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 stock has a market capitalization of $66.84 billion, a PE ratio of 5.28, a P/E/G ratio of 0.55 and a beta of 0.13. The Allstate Corporation has a fifty-two week low of $188.15 and a fifty-two week high of $277.22. The company has a fifty day moving average of $245.60 and a two-hundred day moving average of $228.45.

Allstate (NYSE:ALL) last announced 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%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the business earned $5.94 earnings per share. As a group, research analysts forecast that The Allstate Corporation will post 36.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup dropped their price target on shares of Allstate from $240.00 to $215.00 and set a “sell” rating on the stock in a research report on Friday, October 2nd. Barclays decreased their price objective on shares of Allstate from $226.00 to $221.00 and set an “underweight” rating for the company in a research report on Wednesday, October 7th. Zacks Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. UBS Group raised their target price on Allstate from $261.00 to $275.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, Keefe, Bruyette & Woods cut their price target on Allstate from $250.00 to $232.00 and set an “underperform” rating for the company in a research note on Monday, October 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Allstate currently has a consensus rating of “Hold” and an average price target of $270.19.

Insider Activity

In related news, insider John E. Dugenske sold 32,996 shares of Allstate stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $269.33, for a total value of $8,886,812.68. Following the sale, the insider directly owned 13,054 shares in the company, valued at approximately $3,515,833.82. The trade was a 71.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 value of $14,870,388.00. Following the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at approximately $21,747,396.96. This trade represents 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 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.