Moody Aldrich Partners LLC Purchases New Shares in The Allstate Corporation $ALL

Moody Aldrich Partners LLC acquired a new stake in The Allstate Corporation (NYSE:ALL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,190 shares of the insurance provider’s stock, valued at approximately $3,592,000.

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

Insider Transactions at Allstate

In other Allstate news, COO Mario Rizzo sold 56,225 shares of the 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 trade represents a 40.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Dugenske sold 32,996 shares of Allstate stock in a transaction that occurred on 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 owned 13,054 shares of the company’s stock, valued at approximately $3,515,833.82. The trade was a 71.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ALL. Weiss Ratings raised shares of Allstate from a “buy (a-)” rating to a “buy (a)” rating in a report on Wednesday, October 14th. Evercore lifted their price objective on Allstate from $240.00 to $262.00 in a report on Thursday, October 8th. BMO Capital Markets boosted their target price on Allstate from $250.00 to $284.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Morgan Stanley cut their target price on Allstate from $265.00 to $240.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 6th. Finally, Bank of America raised their price target on Allstate from $336.00 to $340.00 and gave the company a “buy” rating in a report on Monday, October 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $270.19.

Allstate Stock Performance

NYSE:ALL opened at $249.98 on Thursday. The firm’s fifty day simple moving average is $245.37 and its 200-day simple moving average is $227.65. 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 stock has a market cap of $63.21 billion, a PE ratio of 4.99, a price-to-earnings-growth ratio of 0.56 and a beta of 0.13. The Allstate Corporation has a fifty-two week low of $188.08 and a fifty-two week high of $277.22.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, beating the consensus estimate of $6.06 by $2.93. The firm had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $15.46 billion. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the business earned $5.94 earnings per share. Analysts expect that The Allstate Corporation will post 36.21 earnings per share for the current fiscal year.

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.