CNB Bank reduced its position in Allstate Corp (NYSE:ALL) by 28.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,361 shares of the insurance provider’s stock after selling 1,728 shares during the period. CNB Bank’s holdings in Allstate were worth $474,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ALL. Community Bank N.A. lifted its stake in Allstate by 21.7% during the 2nd quarter. Community Bank N.A. now owns 560 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 100 shares during the period. MainStreet Investment Advisors LLC lifted its stake in Allstate by 4.0% during the 3rd quarter. MainStreet Investment Advisors LLC now owns 2,627 shares of the insurance provider’s stock valued at $285,000 after acquiring an additional 101 shares during the period. Investment Partners LTD. lifted its stake in Allstate by 1.7% during the 3rd quarter. Investment Partners LTD. now owns 6,146 shares of the insurance provider’s stock valued at $668,000 after acquiring an additional 103 shares during the period. Cornerstone Advisors Inc. lifted its stake in Allstate by 15.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 800 shares of the insurance provider’s stock valued at $81,000 after acquiring an additional 106 shares during the period. Finally, Wade G W & Inc. lifted its stake in Allstate by 3.8% during the 2nd quarter. Wade G W & Inc. now owns 3,046 shares of the insurance provider’s stock valued at $310,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 77.23% of the company’s stock.

Shares of NYSE:ALL traded up $0.47 during trading on Friday, hitting $108.19. 1,373,345 shares of the stock traded hands, compared to its average volume of 1,788,228. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.29. The company has a market cap of $34.29 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 1.27 and a beta of 0.81. The company has a fifty day moving average price of $107.47 and a two-hundred day moving average price of $102.76. Allstate Corp has a 52-week low of $77.00 and a 52-week high of $109.55.

Allstate (NYSE:ALL) last posted its earnings results on Tuesday, October 29th. The insurance provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.32. The firm had revenue of $10.87 billion during the quarter, compared to analyst estimates of $9.07 billion. Allstate had a net margin of 6.57% and a return on equity of 13.83%. During the same period in the previous year, the firm earned $1.93 EPS. On average, equities research analysts predict that Allstate Corp will post 9.97 EPS for the current fiscal year.

Several brokerages have commented on ALL. Buckingham Research lifted their price objective on shares of Allstate from $100.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Wells Fargo & Co lifted their price objective on shares of Allstate from $103.00 to $105.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Credit Suisse Group cut shares of Allstate from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $100.00 to $94.00 in a research note on Thursday, July 11th. Evercore ISI began coverage on shares of Allstate in a research note on Thursday, October 17th. They set an “in-line” rating and a $117.00 price objective for the company. Finally, UBS Group lifted their price objective on shares of Allstate from $110.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $110.17.

In other news, EVP Susan L. Lees sold 27,650 shares of Allstate stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $108.30, for a total transaction of $2,994,495.00. Following the completion of the transaction, the executive vice president now directly owns 53,165 shares of the company’s stock, valued at approximately $5,757,769.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by insiders.

About Allstate

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.

Featured Story: Penny Stocks

Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allstate Corp (NYSE:ALL).

Institutional Ownership by Quarter for Allstate (NYSE:ALL)

Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.