The Allstate Corporation $ALL Stock: One Way Holdings LLC Raises Holdings

One Way Holdings LLC raised its holdings in shares of The Allstate Corporation (NYSE:ALL) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,980 shares of the insurance provider’s stock after acquiring an additional 7,765 shares during the quarter. Allstate makes up 1.2% of One Way Holdings LLC’s investment portfolio, making the stock its 27th biggest holding. One Way Holdings LLC’s holdings in Allstate were worth $26,619,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ALL. Gables Capital Management Inc. acquired a new stake in shares of Allstate during the second quarter worth about $26,000. Allied Private Wealth LLC acquired a new stake in shares of Allstate in the 2nd quarter valued at about $29,000. Kelleher Financial Advisors acquired a new stake in shares of Allstate in the 2nd quarter valued at about $28,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Allstate in the 2nd quarter valued at about $32,000. Finally, Highland Investment Advisors LLC purchased a new position in Allstate during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of NYSE:ALL opened at $259.66 on Monday. The Allstate Corporation has a 52 week low of $188.15 and a 52 week high of $277.22. The company has a 50-day moving average price of $245.39 and a 200 day moving average price of $228.12. The company has a market cap of $65.66 billion, a P/E ratio of 5.18, a PEG ratio of 0.57 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 posted its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, beating the consensus estimate of $6.06 by $2.93. Allstate had a return on equity of 41.64% and a net margin of 18.97%. The business had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $15.46 billion. During the same period last year, the firm earned $5.94 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Research analysts predict that The Allstate Corporation will post 36.21 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. HSBC raised Allstate from a “hold” rating to a “buy” rating and set a $266.00 price target on the stock 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 report on Tuesday, September 15th. Bank of America raised their target price on shares of Allstate from $336.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Citigroup cut their target price on shares of Allstate from $240.00 to $215.00 and set a “sell” rating on the stock in a report on Friday, October 2nd. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $315.00 price target (up from $300.00) on shares of Allstate in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Allstate currently has an average rating of “Hold” and an average target price of $270.19.

Insider Buying and Selling

In related news, COO Mario Rizzo sold 56,225 shares of the company’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 in the company, valued at $21,747,396.96. This represents a 40.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Dugenske sold 32,996 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $3,515,833.82. The trade was a 71.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.55% of the stock is currently owned by company insiders.

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.