Ferguson Wellman Capital Management Inc. Trims Position in The Allstate Co. (NYSE:ALL)

Ferguson Wellman Capital Management Inc. decreased its holdings in shares of The Allstate Co. (NYSE:ALL) by 5.0% during the third quarter, HoldingsChannel reports. The firm owned 34,386 shares of the insurance provider’s stock after selling 1,813 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Allstate were worth $6,521,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Metis Global Partners LLC increased its holdings in shares of Allstate by 4.3% in the 3rd quarter. Metis Global Partners LLC now owns 11,188 shares of the insurance provider’s stock valued at $2,122,000 after acquiring an additional 459 shares during the period. Curi RMB Capital LLC purchased a new stake in Allstate during the third quarter worth $224,000. Huntington National Bank raised its position in shares of Allstate by 0.4% in the third quarter. Huntington National Bank now owns 40,401 shares of the insurance provider’s stock worth $7,662,000 after acquiring an additional 163 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Allstate by 4.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,552 shares of the insurance provider’s stock valued at $2,380,000 after purchasing an additional 491 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Allstate by 10.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 63,579 shares of the insurance provider’s stock valued at $12,058,000 after buying an additional 6,234 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. TD Cowen increased 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. JPMorgan Chase & Co. increased their price target on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their target price on shares of Allstate from $175.00 to $186.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods increased their price target on Allstate from $222.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Raymond James increased their target price on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.56.

Allstate Stock Down 0.5 %

NYSE:ALL traded down $0.95 on Thursday, reaching $196.35. The stock had a trading volume of 33,028 shares, compared to its average volume of 1,538,874. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The Allstate Co. has a 12-month low of $130.77 and a 12-month high of $201.00. The company has a 50-day moving average of $189.58 and a 200 day moving average of $176.40. The stock has a market cap of $51.99 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 1.77 and a beta of 0.48.

Allstate (NYSE:ALL) last released 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. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company 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 firm earned $0.81 EPS. The company’s revenue was up 14.7% on a year-over-year basis. On average, research analysts predict that The Allstate Co. will post 16.02 earnings per share for the current year.

Insider Activity at Allstate

In other Allstate news, EVP Robert Toohey sold 16,682 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the transaction, the executive vice president now owns 4,873 shares of the company’s stock, valued at $877,968.41. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction dated Wednesday, August 21st. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the sale, the executive vice president now owns 4,873 shares in the company, valued at $877,968.41. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 192,530 shares of company stock valued at $34,967,665 in the last quarter. Insiders own 1.80% of the company’s stock.

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.