Abner Herrman & Brock LLC Trims Holdings in The Allstate Co. (NYSE:ALL)

Abner Herrman & Brock LLC lowered its position in shares of The Allstate Co. (NYSE:ALL) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,769 shares of the insurance provider’s stock after selling 100 shares during the quarter. Abner Herrman & Brock LLC’s holdings in Allstate were worth $1,473,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Daymark Wealth Partners LLC increased its stake in Allstate by 27.8% in the 3rd quarter. Daymark Wealth Partners LLC now owns 1,673 shares of the insurance provider’s stock worth $317,000 after buying an additional 364 shares in the last quarter. Peddock Capital Advisors LLC grew its position in shares of Allstate by 1.1% during the third quarter. Peddock Capital Advisors LLC now owns 16,261 shares of the insurance provider’s stock worth $3,084,000 after purchasing an additional 183 shares in the last quarter. First PREMIER Bank raised its stake in Allstate by 217.4% during the 3rd quarter. First PREMIER Bank now owns 584 shares of the insurance provider’s stock valued at $111,000 after purchasing an additional 400 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in Allstate by 6.7% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 1,677 shares of the insurance provider’s stock worth $318,000 after purchasing an additional 106 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in Allstate by 17.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 2,485 shares of the insurance provider’s stock worth $471,000 after purchasing an additional 365 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ALL shares. The Goldman Sachs Group upped their target price on shares of Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Barclays assumed coverage on Allstate in a report on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 target price on the stock. BMO Capital Markets increased their price target on Allstate from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, Jefferies Financial Group increased their target price on Allstate from $217.00 to $231.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.41.

Allstate Trading Up 1.1 %

Shares of ALL opened at $184.82 on Thursday. The Allstate Co. has a twelve month low of $113.04 and a twelve month high of $193.97. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $183.60 and its 200-day simple moving average is $172.72. The company has a market cap of $48.78 billion, a P/E ratio of 40.80, a P/E/G ratio of 1.81 and a beta of 0.48.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.04 billion. During the same period in the prior year, the company posted ($4.42) EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, analysts expect that The Allstate Co. will post 15.2 EPS for the current year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, August 30th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Friday, August 30th. Allstate’s payout ratio is currently 81.24%.

Insider Buying and Selling at Allstate

In other news, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the sale, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Allstate news, insider Suren Gupta sold 45,775 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the transaction, the insider now directly owns 89,930 shares in the company, valued at $15,942,790.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the sale, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 238,305 shares of company stock valued at $43,082,657 in the last quarter. 1.80% of the stock is owned by insiders.

Allstate Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.