5,968 The Allstate Corporation $ALL Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its holdings in The Allstate Corporation (NYSE:ALL) by 7.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,703 shares of the insurance provider’s stock after selling 5,968 shares during the period. International Assets Investment Management LLC’s holdings in Allstate were worth $15,464,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Allstate in the second quarter valued at approximately $5,439,448,000. Bank of America Corp DE boosted its stake in shares of Allstate by 8.1% in the first quarter. Bank of America Corp DE now owns 7,913,320 shares of the insurance provider’s stock valued at $1,640,748,000 after buying an additional 596,321 shares during the period. GQG Partners LLC acquired a new stake in Allstate during the second quarter worth approximately $1,245,710,000. Deutsche Bank AG acquired a new stake in Allstate during the second quarter worth approximately $1,008,648,000. Finally, Dimensional Fund Advisors LP grew its position in Allstate by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,804,615 shares of the insurance provider’s stock worth $581,515,000 after buying an additional 154,259 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

In related news, COO Mario Rizzo sold 56,225 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at $21,747,396.96. This trade represents a 40.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John E. Dugenske sold 32,996 shares of the business’s stock in a transaction 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 sale, the insider owned 13,054 shares in the company, valued at $3,515,833.82. This represents a 71.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ALL shares. Keefe, Bruyette & Woods dropped their price objective on Allstate from $250.00 to $232.00 and set an “underperform” rating for the company in a report on Monday, October 12th. Atlantic Securities set a $319.00 price target on Allstate in a research report on Wednesday, July 15th. TD Cowen boosted their price target on Allstate from $231.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, September 23rd. Piper Sandler reaffirmed an “overweight” rating on shares of Allstate in a research note on Monday, September 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Allstate from $282.00 to $292.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $270.19.

Allstate Trading Up 1.5%

ALL opened at $259.66 on Friday. The company has a market cap of $65.66 billion, a P/E ratio of 5.18, a PEG ratio of 0.57 and a beta of 0.13. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $245.39 and its 200-day moving average is $228.12. The Allstate Corporation has a 1-year low of $188.15 and a 1-year high of $277.22.

Allstate (NYSE:ALL) last issued 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. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The business had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $15.46 billion. During the same quarter in the prior year, the firm earned $5.94 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. Equities research analysts predict that The Allstate Corporation will post 36.21 earnings per share for the current fiscal year.

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.