Horst & Graben Wealth Management LLC Buys Shares of 1,074 The Allstate Co. (NYSE:ALL)

Horst & Graben Wealth Management LLC purchased a new position in shares of The Allstate Co. (NYSE:ALL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,074 shares of the insurance provider’s stock, valued at approximately $204,000.

Other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in Allstate during the 1st quarter worth about $26,000. Versant Capital Management Inc boosted its stake in shares of Allstate by 70.9% during the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Family Firm Inc. purchased a new position in Allstate during the second quarter valued at approximately $38,000. MCF Advisors LLC raised its stake in Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after buying an additional 84 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in Allstate by 38.5% during the first quarter. Sunbelt Securities Inc. now owns 363 shares of the insurance provider’s stock worth $63,000 after buying an additional 101 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ALL. StockNews.com downgraded Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Morgan Stanley boosted their target price on shares of Allstate from $202.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday. BMO Capital Markets raised their price target on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday. Jefferies Financial Group boosted their price objective on shares of Allstate from $217.00 to $231.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Allstate from $199.00 to $208.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $206.44.

Insider Activity at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the 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 sale, the insider now directly owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the transaction, the insider now directly owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the sale, the chief executive officer now directly owns 88,552 shares in the company, valued at $15,880,915.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 192,530 shares of company stock worth $34,967,665 over the last three months. Company insiders own 1.80% of the company’s stock.

Allstate Trading Down 1.4 %

Allstate stock opened at $192.64 on Tuesday. The stock has a 50-day moving average price of $187.08 and a 200 day moving average price of $173.96. The company has a market capitalization of $50.84 billion, a price-to-earnings ratio of 42.53, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. The Allstate Co. has a 52 week low of $121.70 and a 52 week high of $198.79. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49.

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

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.