SG Americas Securities LLC Increases Stake in Allstate Corp (NYSE:ALL)
SG Americas Securities LLC grew its position in Allstate Corp (NYSE:ALL) by 170.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 301,202 shares of the insurance provider’s stock after acquiring an additional 189,805 shares during the quarter. SG Americas Securities LLC owned about 0.09% of Allstate worth $32,735,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in ALL. South Texas Money Management Ltd. purchased a new stake in shares of Allstate in the second quarter valued at $209,000. DNB Asset Management AS increased its position in shares of Allstate by 18.4% in the second quarter. DNB Asset Management AS now owns 119,332 shares of the insurance provider’s stock valued at $12,135,000 after buying an additional 18,568 shares in the last quarter. WINTON GROUP Ltd increased its position in shares of Allstate by 7,884.9% in the second quarter. WINTON GROUP Ltd now owns 210,483 shares of the insurance provider’s stock valued at $21,404,000 after buying an additional 207,847 shares in the last quarter. Carroll Financial Associates Inc. increased its position in shares of Allstate by 6.4% in the second quarter. Carroll Financial Associates Inc. now owns 2,508 shares of the insurance provider’s stock valued at $255,000 after buying an additional 150 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Allstate by 0.5% in the second quarter. Retirement Systems of Alabama now owns 155,342 shares of the insurance provider’s stock valued at $15,797,000 after buying an additional 766 shares in the last quarter. 77.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:ALL traded up $0.47 during midday trading on Friday, hitting $108.19. The company had a trading volume of 1,374,493 shares, compared to its average volume of 1,788,228. Allstate Corp has a 12 month low of $77.00 and a 12 month high of $109.55. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.29. The stock has a market cap of $34.29 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.27 and a beta of 0.81. The firm has a fifty day simple moving average of $107.48 and a 200 day simple moving average of $102.71.
ALL has been the subject of a number of recent research reports. Wells Fargo & Co lifted their price objective on Allstate from $103.00 to $105.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Buckingham Research increased their price objective on Allstate from $100.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. ValuEngine lowered Allstate from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. UBS Group raised their price target on Allstate from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI assumed coverage on Allstate in a research report on Thursday, October 17th. They issued an “in-line” rating and a $117.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Allstate currently has a consensus rating of “Hold” and an average target price of $110.17.
In related news, EVP Susan L. Lees sold 27,650 shares of Allstate stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $108.30, for a total value of $2,994,495.00. Following the sale, the executive vice president now owns 53,165 shares of the company’s stock, valued at $5,757,769.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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