Allstate Corp (NYSE:ALL) Shares Sold by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC reduced its position in shares of Allstate Corp (NYSE:ALL) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,926 shares of the insurance provider’s stock after selling 536 shares during the period. Peddock Capital Advisors LLC’s holdings in Allstate were worth $1,405,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Community Bank N.A. increased its position in shares of Allstate by 21.7% during the second 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 last quarter. Cornerstone Advisors Inc. increased its position in shares of Allstate by 15.3% during the second 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 last quarter. Wade G W & Inc. increased its position in shares of Allstate by 3.8% during the second 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 last quarter. Orrstown Financial Services Inc. increased its position in shares of Allstate by 1.1% during the second quarter. Orrstown Financial Services Inc. now owns 10,417 shares of the insurance provider’s stock valued at $1,059,000 after acquiring an additional 116 shares during the last quarter. Finally, SlateStone Wealth LLC increased its position in shares of Allstate by 1.2% during the second quarter. SlateStone Wealth LLC now owns 10,185 shares of the insurance provider’s stock valued at $1,036,000 after acquiring an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 76.85% of the company’s stock.

In related news, insider Mary Jane Fortin sold 9,773 shares of Allstate stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $104.21, for a total value of $1,018,444.33. Following the completion of the transaction, the insider now owns 33,808 shares in the company, valued at $3,523,131.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Steven E. Shebik sold 26,446 shares of Allstate stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $103.56, for a total transaction of $2,738,747.76. Following the completion of the transaction, the insider now owns 153,154 shares of the company’s stock, valued at approximately $15,860,628.24. The disclosure for this sale can be found here. In the last three months, insiders sold 99,783 shares of company stock valued at $10,472,581. Insiders own 1.60% of the company’s stock.

Shares of NYSE ALL traded down $0.45 during midday trading on Wednesday, hitting $107.62. The company’s stock had a trading volume of 747,270 shares, compared to its average volume of 1,674,806. The business’s fifty day simple moving average is $106.20 and its two-hundred day simple moving average is $101.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.28 and a quick ratio of 0.28. Allstate Corp has a 1 year low of $77.00 and a 1 year high of $109.55. The firm has a market capitalization of $35.53 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 1.36 and a beta of 0.83.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $2.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.70. Allstate had a net margin of 6.52% and a return on equity of 12.66%. The business had revenue of $8.99 billion during the quarter, compared to analyst estimates of $8.96 billion. During the same quarter last year, the firm posted $2.00 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts anticipate that Allstate Corp will post 9.66 EPS for the current fiscal year.

A number of equities research analysts have weighed in on ALL shares. Credit Suisse Group cut shares of Allstate from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $100.00 to $94.00 in a research report on Thursday, July 11th. Barclays set a $125.00 price target on shares of Allstate and gave the company a “buy” rating in a research report on Monday, August 12th. UBS Group lifted their price target on shares of Allstate from $110.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. ValuEngine cut shares of Allstate from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley lifted their price target on shares of Allstate from $108.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $108.38.

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.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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