Bank of Stockton Has $570,000 Stock Position in The Allstate Co. (NYSE:ALL)

Bank of Stockton reduced its stake in shares of The Allstate Co. (NYSE:ALL) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,004 shares of the insurance provider’s stock after selling 115 shares during the quarter. Bank of Stockton’s holdings in Allstate were worth $570,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. SPC Financial Inc. raised its holdings in shares of Allstate by 3.6% during the third quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock worth $297,000 after acquiring an additional 54 shares during the period. Lake Street Advisors Group LLC grew its position in Allstate by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock valued at $596,000 after purchasing an additional 54 shares in the last quarter. Abacus Planning Group Inc. increased its stake in Allstate by 2.4% in the 3rd quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock valued at $458,000 after buying an additional 56 shares during the last quarter. Premier Path Wealth Partners LLC lifted its position in Allstate by 2.5% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,457 shares of the insurance provider’s stock worth $392,000 after buying an additional 61 shares in the last quarter. Finally, Sumitomo Life Insurance Co. raised its holdings in Allstate by 0.9% during the third quarter. Sumitomo Life Insurance Co. now owns 6,567 shares of the insurance provider’s stock worth $1,245,000 after acquiring an additional 61 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Elizabeth Brady sold 49,481 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the completion of the sale, the executive vice president now directly owns 19,163 shares in the company, valued at approximately $3,431,901.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider John E. Dugenske sold 36,367 shares of the 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 sale, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Elizabeth Brady sold 49,481 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the transaction, the executive vice president now owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 192,530 shares of company stock valued at $34,967,665 over the last 90 days. 1.80% of the stock is owned by corporate insiders.

Allstate Stock Performance

Shares of ALL stock traded down $3.06 on Friday, hitting $188.94. The company’s stock had a trading volume of 231,469 shares, compared to its average volume of 1,531,532. The Allstate Co. has a fifty-two week low of $122.53 and a fifty-two week high of $198.79. The company has a market capitalization of $49.86 billion, a PE ratio of 42.38, a PEG ratio of 1.74 and a beta of 0.48. The stock’s 50 day moving average is $187.73 and its 200-day moving average is $174.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36.

Allstate (NYSE:ALL) last announced its 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. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The firm had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.04 billion. During the same quarter in the prior year, the business posted ($4.42) EPS. The business’s revenue was up 12.4% compared to the same quarter last year. Equities research analysts expect that The Allstate Co. will post 15.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ALL shares. StockNews.com downgraded Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Barclays started coverage on shares of Allstate in a report on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 target price on the stock. UBS Group lifted their price target on Allstate from $215.00 to $216.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. TD Cowen upped their price objective on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets lifted their target price on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $206.44.

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.