The Allstate Corporation $ALL Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lessened its stake in shares of The Allstate Corporation (NYSE:ALL) by 26.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,266 shares of the insurance provider’s stock after selling 15,549 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Allstate were worth $9,377,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ALL. Zacks Research downgraded shares of Allstate from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. Barclays raised their price target on shares of Allstate from $221.00 to $228.00 and gave the stock an “underweight” rating in a research note on Thursday, November 5th. Piper Sandler lowered their price target on shares of Allstate from $300.00 to $294.00 and set an “overweight” rating for the company in a report on Monday. Weiss Ratings raised shares of Allstate from a “buy (a)” rating to a “buy (a+)” rating in a research report on Thursday, October 29th. Finally, Citigroup upped their price objective on shares of Allstate from $215.00 to $225.00 and gave the company a “sell” rating in a research note on Friday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Allstate presently has a consensus rating of “Hold” and an average target price of $273.48.

Allstate Price Performance

Shares of NYSE:ALL opened at $261.31 on Wednesday. The company has a market cap of $64.66 billion, a P/E ratio of 5.92, a P/E/G ratio of 0.55 and a beta of 0.13. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a 52 week low of $191.13 and a 52 week high of $281.11. The business has a fifty day simple moving average of $245.83 and a 200-day simple moving average of $230.47.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share for the quarter, topping the consensus estimate of $6.89 by $2.87. Allstate had a return on equity of 38.37% and a net margin of 16.57%. The firm had revenue of $17.35 billion for the quarter, compared to the consensus estimate of $15.87 billion. During the same period in the prior year, the business posted $11.17 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts forecast that The Allstate Corporation will post 36.95 EPS for the current year.

Key Stories Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: UBS raised its price target to $283 from $275, implying about 8.3% upside from $261.31. The firm kept a neutral rating, so the higher valuation is supportive but not a bullish endorsement. UBS analyst recommendations
• Neutral Sentiment: Morgan Stanley lifted its target to $260 from $240 but maintained an equal-weight rating; its revised target is slightly below the quoted share price. Morgan Stanley analyst recommendations
• Neutral Sentiment: Allstate published Thanksgiving driving-risk findings from its Drivewise data, including a sharp increase in high-speed driving on Thanksgiving morning. The report may support brand visibility but does not indicate a direct earnings impact. Allstate Thanksgiving Driver Report
• Neutral Sentiment: Allstate CEO Tom Wilson appeared in a CNBC interview; the provided item does not specify comments likely to affect the company’s outlook. CNBC interview with Allstate CEO Tom Wilson
• Negative Sentiment: Keefe, Bruyette & Woods raised its target to $241 from $232 but retained an underperform rating, implying about 7.8% downside from $261.31. Keefe, Bruyette & Woods analyst recommendations
• Negative Sentiment: Other recent reports cited HSBC cutting Allstate to hold and price targets raised to $252 and $225—both below the quoted share price. HSBC cuts Allstate to hold Allstate price target raised to $252 Allstate price target raised to $225

About Allstate

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance. The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.