Sustainable Insight Capital Management LLC Sells 4,900 Shares of The Allstate Co. (NYSE:ALL)

Sustainable Insight Capital Management LLC decreased its holdings in The Allstate Co. (NYSE:ALL) by 22.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,000 shares of the insurance provider’s stock after selling 4,900 shares during the quarter. Allstate comprises approximately 1.5% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 28th biggest position. Sustainable Insight Capital Management LLC’s holdings in Allstate were worth $3,224,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new position in shares of Allstate during the first quarter valued at about $566,000. Csenge Advisory Group bought a new position in shares of Allstate in the 1st quarter worth about $213,000. Oppenheimer & Co. Inc. increased its stake in shares of Allstate by 2.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 11,621 shares of the insurance provider’s stock worth $2,011,000 after acquiring an additional 227 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in Allstate by 16.6% during the first quarter. Atomi Financial Group Inc. now owns 2,019 shares of the insurance provider’s stock worth $349,000 after acquiring an additional 288 shares in the last quarter. Finally, Fiduciary Family Office LLC grew its holdings in Allstate by 21.5% in the first quarter. Fiduciary Family Office LLC now owns 2,701 shares of the insurance provider’s stock worth $467,000 after purchasing an additional 478 shares during the period. Institutional investors own 76.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ALL shares. Barclays lifted their target price on shares of Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. StockNews.com downgraded Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. Jefferies Financial Group lifted their price target on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company upped their price target on shares of Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Finally, Roth Mkm restated a “buy” rating and set a $200.00 price objective on shares of Allstate in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and an average price target of $212.56.

Allstate Price Performance

NYSE ALL opened at $196.90 on Friday. The stock has a market capitalization of $52.14 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.76 and a beta of 0.48. The Allstate Co. has a 1-year low of $128.33 and a 1-year high of $198.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The business’s fifty day moving average price is $189.09 and its 200-day moving average price is $175.84.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $1.71. The business had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. During the same period last year, the firm posted $0.81 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities analysts predict that The Allstate Co. will post 15.34 earnings per share for the current year.

Insider Buying and Selling

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the sale, the insider now directly owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction dated 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 sale, the insider now 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 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 owned by insiders.

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.