The Allstate Corporation $ALL Stock Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC increased its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 1,534.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 27,006 shares of the insurance provider's stock after acquiring an additional 25,354 shares during the period. Annex Advisory Services LLC's holdings in Allstate were worth $5,992,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Cornerstone Financial Management LLC raised its position in Allstate by 24.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 226 shares of the insurance provider's stock valued at $54,000 after purchasing an additional 45 shares in the last quarter. Capital Advisors Inc. OK raised its position in shares of Allstate by 2.6% in the 2nd quarter. Capital Advisors Inc. OK now owns 1,827 shares of the insurance provider's stock worth $435,000 after acquiring an additional 46 shares in the last quarter. Natural Investments LLC lifted its stake in shares of Allstate by 1.5% during the 2nd quarter. Natural Investments LLC now owns 3,327 shares of the insurance provider's stock worth $791,000 after purchasing an additional 50 shares during the last quarter. Kaizen Financial Strategies boosted its position in Allstate by 5.5% during the third quarter. Kaizen Financial Strategies now owns 967 shares of the insurance provider's stock valued at $215,000 after purchasing an additional 50 shares in the last quarter. Finally, Root Financial Partners LLC boosted its position in Allstate by 4.7% during the first quarter. Root Financial Partners LLC now owns 1,170 shares of the insurance provider's stock valued at $243,000 after purchasing an additional 53 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Performance

NYSE ALL opened at $247.27 on Friday. The company has a market cap of $62.52 billion, a PE ratio of 4.94, a price-to-earnings-growth ratio of 0.53 and a beta of 0.13. The stock's 50 day simple moving average is $246.77 and its 200-day simple moving average is $235.04. The Allstate Corporation has a 1-year low of $188.08 and a 1-year high of $277.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL - Get Free Report) last announced its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (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 company had revenue of $18.60 billion for the quarter, compared to analysts' expectations of $15.46 billion. During the same quarter in the previous year, the company posted $5.94 EPS. The firm's quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts anticipate that The Allstate Corporation will post 36.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on ALL shares. Keefe, Bruyette & Woods decreased their price target on shares of Allstate from $250.00 to $232.00 and set an "underperform" rating for the company in a research report on Monday, October 12th. The Goldman Sachs Group dropped their target price on Allstate from $280.00 to $250.00 and set a "neutral" rating on the stock in a research note on Thursday, October 1st. HSBC upgraded Allstate from a "hold" rating to a "buy" rating and set a $266.00 target price on the stock in a research note on Wednesday, October 7th. BMO Capital Markets upped their price target on shares of Allstate from $250.00 to $284.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. Finally, TD Cowen upped their target price on Allstate from $231.00 to $260.00 and gave the company a "hold" rating in a research report on Wednesday, September 23rd. Two equities 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $270.19.

Insider Transactions at Allstate

In related 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 transaction of $14,870,388.00. Following the transaction, the chief operating officer directly owned 82,227 shares in the company, valued at approximately $21,747,396.96. The trade was a 40.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John E. Dugenske sold 32,996 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 13,054 shares of the company's stock, valued at approximately $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 owned by corporate insiders.

Allstate Company Profile

Allstate Corporation is an insurance company that provides protection products and services primarily to individuals and families. Its offerings include automobile, homeowners, renters, condominium, and other property and casualty insurance, along with roadside assistance, identity protection, and related protection services.

The company distributes products through a network of exclusive agents, independent agents, contact centers, and digital channels. Allstate also serves customers through brands and businesses including National General, which expands its presence in personal and commercial auto insurance and other specialty coverage markets.

Founded in 1931 as part of Sears, Roebuck & Co, Allstate became an independent publicly traded company in 1995.

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