One Way Holdings LLC Acquires 7,765 Shares of The Allstate Corporation $ALL

Key Points

• One Way Holdings increased its Allstate stake by 6.9% in the third quarter, adding 7,765 shares to own 119,980 shares valued at approximately $26.6 million. Institutional investors collectively own 76.47% of Allstate.
• Analyst views remain mixed: Allstate has an average rating of “Hold” and a consensus price target of $270.19, with recent targets ranging from $215 to $262.
• Allstate reported strong quarterly results, posting $8.99 in earnings per share versus a $6.06 estimate and $18.60 billion in revenue, up 11.8% year over year. Meanwhile, two insiders sold a combined 89,221 shares in August.

One Way Holdings LLC lifted its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,980 shares of the insurance provider's stock after buying an additional 7,765 shares during the quarter. Allstate makes up approximately 1.2% of One Way Holdings LLC's investment portfolio, making the stock its 27th largest position. One Way Holdings LLC's holdings in Allstate were worth $26,619,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Welch Group LLC increased its stake in shares of Allstate by 8.7% during the third quarter. Welch Group LLC now owns 1,673 shares of the insurance provider's stock worth $371,000 after purchasing an additional 134 shares in the last quarter. Trek Financial LLC purchased a new position in Allstate in the 3rd quarter valued at about $1,031,000. Woodmont Investment Counsel LLC boosted its holdings in Allstate by 61.2% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 1,976 shares of the insurance provider's stock worth $438,000 after buying an additional 750 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Allstate by 29.9% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,087 shares of the insurance provider's stock worth $921,000 after buying an additional 940 shares during the last quarter. Finally, Virtue Capital Management LLC acquired a new stake in Allstate in the 3rd quarter worth about $308,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ALL shares. Evercore raised their price target on shares of Allstate from $240.00 to $262.00 in a research note on Thursday, October 8th. Weiss Ratings raised shares of Allstate from a "buy (a)" rating to a "buy (a+)" rating in a research note on Thursday. Keefe, Bruyette & Woods cut their price objective on shares of Allstate from $250.00 to $232.00 and set an "underperform" rating for the company in a report on Monday, October 12th. Citigroup decreased their target price on shares of Allstate from $240.00 to $215.00 and set a "sell" rating on the stock in a research note on Friday, October 2nd. Finally, Wall Street Zen cut Allstate from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 25th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Allstate currently has an average rating of "Hold" and a consensus price target of $270.19.

Allstate Price Performance

NYSE:ALL opened at $259.66 on Monday. The company has a market capitalization of $65.66 billion, a P/E ratio of 5.18, a P/E/G ratio of 0.57 and a beta of 0.13. 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 Allstate Corporation has a 52 week low of $188.15 and a 52 week high of $277.22. The stock's fifty day moving average is $245.39 and its two-hundred day moving average is $228.12.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, topping 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 firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $15.46 billion. During the same period in the prior year, the business posted $5.94 EPS. The business's revenue for the quarter was up 11.8% compared to the same quarter last year. Equities analysts expect that The Allstate Corporation will post 36.21 EPS for the current year.

Insider Buying and Selling at Allstate

In related news, insider John 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 approximately $3,515,833.82. The trade was a 71.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mario Rizzo sold 56,225 shares of Allstate 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 completion of the transaction, the chief operating officer directly owned 82,227 shares of the company's stock, valued at approximately $21,747,396.96. This represents a 40.61% 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 currently owned by insiders.

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.

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