Alexander Randolph Advisory Inc. Sells 180 Shares of The Allstate Co. (NYSE:ALL)

Alexander Randolph Advisory Inc. cut its stake in shares of The Allstate Co. (NYSE:ALL) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,313 shares of the insurance provider’s stock after selling 180 shares during the period. Allstate accounts for approximately 3.4% of Alexander Randolph Advisory Inc.’s holdings, making the stock its 8th biggest holding. Alexander Randolph Advisory Inc.’s holdings in Allstate were worth $3,852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in shares of Allstate during the third quarter worth about $28,000. Catalyst Capital Advisors LLC acquired a new position in Allstate during the 3rd quarter worth approximately $29,000. Versant Capital Management Inc boosted its holdings in Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 78 shares during the period. Family Firm Inc. purchased a new stake in shares of Allstate during the second quarter valued at approximately $38,000. Finally, MCF Advisors LLC boosted its stake in shares of Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 84 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Performance

NYSE ALL traded up $0.81 during trading hours on Wednesday, hitting $198.91. The company had a trading volume of 167,261 shares, compared to its average volume of 1,541,351. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The firm has a market cap of $52.67 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 1.80 and a beta of 0.48. The Allstate Co. has a fifty-two week low of $129.18 and a fifty-two week high of $201.00. The business has a fifty day simple moving average of $189.43 and a 200-day simple moving average of $176.25.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter last year, the company earned $0.81 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities analysts predict that The Allstate Co. will post 15.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ALL shares. JPMorgan Chase & Co. lifted their price target on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. The Goldman Sachs Group lifted their price objective on Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Jefferies Financial Group upped their target price on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Barclays raised their price target on shares of Allstate from $175.00 to $187.00 and gave the stock an “underweight” rating in a research report on Thursday, October 31st. Finally, TD Cowen upped their price target on shares of Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $212.56.

Insider Buying and Selling

In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the sale, the chief executive officer now owns 88,552 shares of the company’s stock, valued at $15,880,915.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the transaction, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the sale, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 192,530 shares of company stock valued at $34,967,665 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.