Moody Aldrich Partners LLC Purchases 16,190 Shares of The Allstate Corporation $ALL

Moody Aldrich Partners LLC acquired a new position in The Allstate Corporation (NYSE:ALL) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 16,190 shares of the insurance provider’s stock, valued at approximately $3,592,000.

Several other institutional investors and hedge funds have also made changes to their positions in ALL. Kendall Capital Management grew its stake in Allstate by 2.4% in the 3rd quarter. Kendall Capital Management now owns 1,730 shares of the insurance provider’s stock valued at $384,000 after acquiring an additional 40 shares during the last quarter. Insight Inv LLC increased its holdings in Allstate by 0.3% during the 3rd quarter. Insight Inv LLC now owns 13,682 shares of the insurance provider’s stock valued at $3,035,000 after acquiring an additional 44 shares in the last quarter. Cornerstone Financial Management LLC raised its position in Allstate by 24.9% during the second quarter. Cornerstone Financial Management LLC now owns 226 shares of the insurance provider’s stock worth $54,000 after acquiring an additional 45 shares during the last quarter. Capital Advisors Inc. OK raised its position in Allstate by 2.6% during the second quarter. Capital Advisors Inc. OK now owns 1,827 shares of the insurance provider’s stock worth $435,000 after acquiring an additional 46 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in Allstate by 0.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 5,871 shares of the insurance provider’s stock worth $1,303,000 after acquiring an additional 49 shares during the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ALL has been the topic of several recent research reports. Evercore upped their price target on shares of Allstate from $240.00 to $262.00 in a report on Thursday, October 8th. BMO Capital Markets raised their price objective on shares of Allstate from $250.00 to $284.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. lifted their price objective on Allstate from $282.00 to $292.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded Allstate from a “buy (a-)” rating to a “buy (a)” rating in a research report on Wednesday, October 14th. Finally, The Goldman Sachs Group reduced their target price on Allstate from $280.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $270.19.

Allstate Trading Down 0.7%

Allstate stock opened at $249.98 on Thursday. The stock has a market cap of $63.21 billion, a PE ratio of 4.99, a P/E/G ratio of 0.56 and a beta of 0.13. The stock has a 50-day moving average price of $245.37 and a 200 day moving average price of $227.65. The Allstate Corporation has a 52 week low of $188.08 and a 52 week high of $277.22. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.06 by $2.93. The company had revenue of $18.60 billion for the quarter, compared to analyst estimates of $15.46 billion. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $5.94 EPS. Equities research analysts predict that The Allstate Corporation will post 36.21 earnings per share for the current fiscal year.

Insider Transactions at Allstate

In other news, insider John E. Dugenske sold 32,996 shares of the business’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 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Mario Rizzo sold 56,225 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the transaction, the chief operating officer directly owned 82,227 shares in the company, valued at $21,747,396.96. The trade was a 40.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.55% of the company’s stock.

Allstate 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.