Global Retirement Partners LLC Acquires 286 Shares of The Allstate Co. (NYSE:ALL)

Global Retirement Partners LLC grew its holdings in The Allstate Co. (NYSE:ALL) by 12.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,674 shares of the insurance provider’s stock after acquiring an additional 286 shares during the quarter. Global Retirement Partners LLC’s holdings in Allstate were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. SPC Financial Inc. boosted its position in shares of Allstate by 3.6% in the third quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock valued at $297,000 after acquiring an additional 54 shares during the period. Abacus Planning Group Inc. boosted its position in shares of Allstate by 2.4% in the third quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock valued at $458,000 after acquiring an additional 56 shares during the period. Premier Path Wealth Partners LLC boosted its position in shares of Allstate by 2.5% in the second quarter. Premier Path Wealth Partners LLC now owns 2,457 shares of the insurance provider’s stock valued at $392,000 after acquiring an additional 61 shares during the period. Sumitomo Life Insurance Co. boosted its stake in Allstate by 0.9% during the third quarter. Sumitomo Life Insurance Co. now owns 6,567 shares of the insurance provider’s stock worth $1,245,000 after buying an additional 61 shares in the last quarter. Finally, Aprio Wealth Management LLC boosted its stake in Allstate by 5.9% during the third quarter. Aprio Wealth Management LLC now owns 1,360 shares of the insurance provider’s stock worth $258,000 after buying an additional 76 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Allstate Stock Performance

Shares of NYSE:ALL opened at $192.64 on Tuesday. The stock has a market capitalization of $50.84 billion, a P/E ratio of 42.53, a P/E/G ratio of 1.74 and a beta of 0.48. The Allstate Co. has a 1-year low of $121.70 and a 1-year high of $198.79. 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 business has a 50-day moving average price of $187.08 and a two-hundred day moving average price of $173.96.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $0.33 by $1.28. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.04 billion. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($4.42) EPS. Equities analysts predict that The Allstate Co. will post 15.19 earnings per share for the current year.

Insider Transactions at Allstate

In other news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the transaction, the insider now directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the transaction, the insider now directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Elizabeth Brady sold 49,481 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $179.09, for a total value of $8,861,552.29. Following the transaction, the executive vice president now owns 19,163 shares of the company’s stock, valued at $3,431,901.67. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 192,530 shares of company stock worth $34,967,665. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ALL. The Goldman Sachs Group lifted their price target on shares of Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Evercore ISI lifted their price target on shares of Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Morgan Stanley lifted their price objective on Allstate from $202.00 to $215.00 and gave the company an “overweight” rating in a report on Monday. Piper Sandler lifted their price objective on Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Jefferies Financial Group lifted their price objective on Allstate from $217.00 to $231.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.44.

Allstate Company 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.