The Allstate Corporation $ALL Position Increased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in The Allstate Corporation (NYSE:ALL) by 50.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 365,300 shares of the insurance provider’s stock after acquiring an additional 121,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Allstate were worth $81,045,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling at Allstate

In other Allstate news, COO Mario Rizzo sold 56,225 shares of the business’s stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, 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 stock was 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 disclosure for this sale is available in the SEC filing. 1.55% of the stock is owned by insiders.

Allstate Stock Performance

NYSE:ALL opened at $259.66 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36. The company has a fifty day moving average of $245.39 and a two-hundred day moving average of $228.12. The stock has a market capitalization of $65.66 billion, a PE ratio of 5.67, a P/E/G ratio of 0.57 and a beta of 0.13. The Allstate Corporation has a fifty-two week low of $188.15 and a fifty-two week high of $277.22.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Allstate from $280.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, October 1st. Wells Fargo & Company upgraded Allstate from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $250.00 to $236.00 in a research note on Monday, October 12th. Evercore lifted their price target on Allstate from $240.00 to $262.00 in a research report on Thursday, October 8th. Keefe, Bruyette & Woods dropped their price target on Allstate from $250.00 to $232.00 and set an “underperform” rating on the stock in a research note on Monday, October 12th. Finally, BMO Capital Markets increased their price objective on Allstate from $250.00 to $284.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $270.19.

Allstate Company 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.