Janney Montgomery Scott LLC Buys 7,940 Shares of The Allstate Co. (NYSE:ALL)

Janney Montgomery Scott LLC grew its position in The Allstate Co. (NYSE:ALL) by 18.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 51,032 shares of the insurance provider’s stock after acquiring an additional 7,940 shares during the period. Janney Montgomery Scott LLC’s holdings in Allstate were worth $9,678,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ALL. Northwest Investment Counselors LLC bought a new position in Allstate in the third quarter valued at about $28,000. Versant Capital Management Inc raised its holdings in Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after buying an additional 78 shares during the last quarter. Family Firm Inc. acquired a new stake in Allstate during the 2nd quarter worth approximately $38,000. MCF Advisors LLC grew its holdings in Allstate by 33.9% during the 2nd quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after acquiring an additional 84 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in Allstate in the 2nd quarter valued at approximately $58,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insiders Place Their Bets

In other news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction dated 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 transaction, the insider now directly owns 27,364 shares in the company, valued at $5,236,922.32. This trade 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 available through this hyperlink. In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction on 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 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 90 days, insiders have sold 192,530 shares of company stock worth $34,967,665. Insiders own 1.80% of the company’s stock.

Allstate Stock Performance

Shares of ALL opened at $190.55 on Friday. The stock has a 50-day moving average of $188.89 and a 200-day moving average of $175.59. The Allstate Co. has a one year low of $127.93 and a one 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 company has a market cap of $50.46 billion, a PE ratio of 12.34, a P/E/G ratio of 1.71 and a beta of 0.48.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities research analysts predict that The Allstate Co. will post 15.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of recent research reports. 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. TD Cowen upped their price target on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Wells Fargo & Company raised their price objective on Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Raymond James upped their target price on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. Finally, Bank of America raised their price target on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.31.

Allstate 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.