25,960 The Allstate Corporation $ALL Shares Purchased by Vest Financial LLC

Vest Financial LLC boosted its stake in shares of The Allstate Corporation (NYSE:ALL) by 8.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 325,545 shares of the insurance provider’s stock after acquiring an additional 25,960 shares during the quarter. Vest Financial LLC owned about 0.13% of Allstate worth $72,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Sage Private Wealth Group LLC raised its stake in shares of Allstate by 18.9% during the 3rd quarter. Sage Private Wealth Group LLC now owns 1,209 shares of the insurance provider’s stock worth $268,000 after buying an additional 192 shares in the last quarter. Sawyer & Company Inc purchased a new stake in shares of Allstate in the third quarter valued at approximately $2,690,000. City State Bank boosted its stake in shares of Allstate by 26.5% in the third quarter. City State Bank now owns 277 shares of the insurance provider’s stock valued at $61,000 after buying an additional 58 shares in the last quarter. Capstone Capital Management Ltd acquired a new position in Allstate during the third quarter worth $962,000. Finally, Innova Wealth Partners grew its holdings in Allstate by 32.9% during the third quarter. Innova Wealth Partners now owns 2,245 shares of the insurance provider’s stock worth $498,000 after acquiring an additional 556 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ALL. Citigroup decreased their price objective on shares of Allstate from $240.00 to $215.00 and set a “sell” rating on the stock in a report on Friday, October 2nd. Piper Sandler reiterated an “overweight” rating on shares of Allstate in a research report on Monday, September 28th. Weiss Ratings upgraded shares of Allstate from a “buy (a-)” rating to a “buy (a)” rating in a research report on Wednesday, October 14th. TD Cowen boosted their price target on Allstate from $231.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, September 23rd. Finally, Atlantic Securities set a $319.00 price target on Allstate in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $270.19.

Insider Activity

In other news, COO Mario Rizzo sold 56,225 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total value of $14,870,388.00. Following the sale, the chief operating officer directly owned 82,227 shares in the company, valued at $21,747,396.96. This represents a 40.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Dugenske sold 32,996 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the completion of the sale, the insider owned 13,054 shares in the company, valued at $3,515,833.82. This represents a 71.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.55% of the stock is owned by corporate insiders.

Allstate Trading Up 0.4%

NYSE:ALL opened at $250.98 on Thursday. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $277.22. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $245.98 and a 200-day simple moving average of $236.15. The company has a market capitalization of $63.46 billion, a PE ratio of 5.01, a price-to-earnings-growth ratio of 0.55 and a beta of 0.13.

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

About Allstate

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.