Allstate Corp (NYSE:ALL) EVP Jesse E. Merten sold 696 shares of Allstate stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $92.12, for a total transaction of $64,115.52. Following the transaction, the executive vice president now owns 2,102 shares of the company’s stock, valued at $193,636.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE ALL traded up $0.02 during mid-day trading on Friday, reaching $93.72. The stock had a trading volume of 1,638,945 shares, compared to its average volume of 2,214,066. Allstate Corp has a 1 year low of $88.29 and a 1 year high of $105.36. The firm has a market cap of $31.87 billion, a P/E ratio of 13.97, a PEG ratio of 1.20 and a beta of 0.87. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.30.
Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.28). Allstate had a return on equity of 15.48% and a net margin of 9.38%. The firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.51 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. Allstate’s revenue was up 5.8% on a year-over-year basis. As a group, equities analysts expect that Allstate Corp will post 9.24 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in ALL. BlackRock Inc. raised its holdings in Allstate by 10.6% in the 3rd quarter. BlackRock Inc. now owns 27,138,023 shares of the insurance provider’s stock worth $2,678,525,000 after acquiring an additional 2,608,827 shares during the last quarter. Boston Partners raised its holdings in Allstate by 11.2% in the 2nd quarter. Boston Partners now owns 10,511,724 shares of the insurance provider’s stock worth $959,406,000 after acquiring an additional 1,061,730 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Allstate by 394.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,106,269 shares of the insurance provider’s stock worth $109,189,000 after acquiring an additional 882,348 shares during the last quarter. FMR LLC raised its holdings in Allstate by 24.7% in the 2nd quarter. FMR LLC now owns 4,096,814 shares of the insurance provider’s stock worth $373,917,000 after acquiring an additional 811,694 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Allstate by 101.9% in the 2nd quarter. Millennium Management LLC now owns 1,589,586 shares of the insurance provider’s stock worth $145,082,000 after acquiring an additional 802,167 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.
ALL has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Allstate from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a report on Tuesday, September 18th. ValuEngine upgraded shares of Allstate from a “sell” rating to a “hold” rating in a report on Saturday, September 1st. Citigroup set a $115.00 target price on shares of Allstate and gave the company a “buy” rating in a report on Friday, October 12th. Wells Fargo & Co set a $100.00 target price on shares of Allstate and gave the company a “hold” rating in a report on Thursday. Finally, Buckingham Research upgraded shares of Allstate from an “underperform” rating to a “neutral” rating and set a $88.00 target price for the company in a report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $103.92.
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Allstate Company Profile
The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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