The Allstate Corporation $ALL Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC decreased its holdings in The Allstate Corporation (NYSE:ALL) by 26.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,266 shares of the insurance provider’s stock after selling 15,549 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Allstate were worth $9,377,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Allstate during the 2nd quarter worth $5,439,448,000. Bank of America Corp DE grew its stake in shares of Allstate by 8.1% during the 1st quarter. Bank of America Corp DE now owns 7,913,320 shares of the insurance provider’s stock worth $1,640,748,000 after purchasing an additional 596,321 shares during the period. GQG Partners LLC purchased a new position in shares of Allstate in the 2nd quarter valued at about $1,245,710,000. Deutsche Bank AG purchased a new position in shares of Allstate in the 2nd quarter valued at about $1,008,648,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Allstate by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,804,615 shares of the insurance provider’s stock valued at $581,515,000 after purchasing an additional 154,259 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ALL shares. Wells Fargo & Company boosted their price objective on shares of Allstate from $236.00 to $252.00 and gave the stock an “equal weight” rating in a report on Friday, November 6th. Mizuho dropped their target price on shares of Allstate from $300.00 to $295.00 and set an “outperform” rating for the company in a report on Wednesday, October 7th. Barclays lifted their price target on shares of Allstate from $221.00 to $228.00 and gave the company an “underweight” rating in a research report on Thursday, November 5th. Roth Capital set a $300.00 price target on Allstate in a research note on Thursday, August 6th. Finally, Argus set a $238.00 price target on Allstate in a research note on Friday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $273.48.

Allstate Trading Up 3.0%

Shares of ALL stock opened at $261.31 on Wednesday. The stock has a market cap of $64.66 billion, a P/E ratio of 5.92, a P/E/G ratio of 0.55 and a beta of 0.13. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a fifty-two week low of $191.13 and a fifty-two week high of $281.11. The business has a fifty day simple moving average of $245.83 and a 200-day simple moving average of $230.47.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, November 4th. The insurance provider reported $9.76 EPS for the quarter, topping the consensus estimate of $6.89 by $2.87. The business had revenue of $17.35 billion for the quarter, compared to analyst estimates of $15.87 billion. Allstate had a net margin of 16.57% and a return on equity of 38.37%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $11.17 EPS. On average, analysts forecast that The Allstate Corporation will post 36.95 earnings per share for the current fiscal year.

Key Stories Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: UBS raised its price target to $283 from $275, implying about 8.3% upside from $261.31. The firm kept a neutral rating, so the higher valuation is supportive but not a bullish endorsement. UBS analyst recommendations
• Neutral Sentiment: Morgan Stanley lifted its target to $260 from $240 but maintained an equal-weight rating; its revised target is slightly below the quoted share price. Morgan Stanley analyst recommendations
• Neutral Sentiment: Allstate published Thanksgiving driving-risk findings from its Drivewise data, including a sharp increase in high-speed driving on Thanksgiving morning. The report may support brand visibility but does not indicate a direct earnings impact. Allstate Thanksgiving Driver Report
• Neutral Sentiment: Allstate CEO Tom Wilson appeared in a CNBC interview; the provided item does not specify comments likely to affect the company’s outlook. CNBC interview with Allstate CEO Tom Wilson
• Negative Sentiment: Keefe, Bruyette & Woods raised its target to $241 from $232 but retained an underperform rating, implying about 7.8% downside from $261.31. Keefe, Bruyette & Woods analyst recommendations
• Negative Sentiment: Other recent reports cited HSBC cutting Allstate to hold and price targets raised to $252 and $225—both below the quoted share price. HSBC cuts Allstate to hold Allstate price target raised to $252 Allstate price target raised to $225

Allstate Profile

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance. The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.