Phillips Wealth Planners LLC Acquires New Stake in The Allstate Co. (NYSE:ALL)

Phillips Wealth Planners LLC bought a new position in shares of The Allstate Co. (NYSE:ALL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,261 shares of the insurance provider’s stock, valued at approximately $247,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in shares of Allstate in the 3rd quarter worth $28,000. Versant Capital Management Inc raised its position in Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 78 shares in the last quarter. Family Firm Inc. acquired a new stake in Allstate in the 2nd quarter valued at about $38,000. MCF Advisors LLC boosted its position in shares of Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 84 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of Allstate in the 2nd quarter worth approximately $58,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Trading Down 1.3 %

NYSE ALL opened at $184.18 on Friday. 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 Allstate Co. has a 1-year low of $127.93 and a 1-year high of $198.79. The firm’s fifty day simple moving average is $188.87 and its 200-day simple moving average is $175.16. The company has a market capitalization of $48.63 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 1.91 and a beta of 0.48.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping the consensus estimate of $2.20 by $1.71. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. Allstate had a return on equity of 27.74% and a net margin of 6.77%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. As a group, sell-side analysts anticipate that The Allstate Co. will post 14.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ALL has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of Allstate from $202.00 to $215.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company reduced their price objective on Allstate from $177.00 to $175.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Piper Sandler lifted their target price on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Barclays upped their target price on Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a report on Thursday. Finally, UBS Group lifted their price target on Allstate from $215.00 to $216.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $207.19.

Insider Activity at Allstate

In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at $15,880,915.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $180.17, for a total value of $3,005,595.94. Following the completion of the sale, the executive vice president now directly owns 4,873 shares in the company, valued at approximately $877,968.41. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 88,552 shares in the company, valued at approximately $15,880,915.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 192,530 shares of company stock valued at $34,967,665. 1.80% of the stock is currently owned by corporate insiders.

About Allstate

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.