10,636 Shares of The Allstate Corporation $ALL Bought by Neumann Capital Management LLC

Neumann Capital Management LLC purchased a new position in shares of The Allstate Corporation (NYSE:ALL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,636 shares of the insurance provider’s stock, valued at approximately $2,360,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Allstate in the second quarter valued at approximately $5,439,448,000. Bank of America Corp DE acquired a new position in shares of Allstate in the second quarter valued at approximately $1,410,362,000. GQG Partners LLC purchased a new stake in Allstate during the 2nd quarter worth approximately $1,245,710,000. Deutsche Bank AG purchased a new stake in Allstate during the 2nd quarter worth approximately $1,008,648,000. Finally, Legal & General Group Plc acquired a new stake in Allstate during the 2nd quarter worth approximately $455,302,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Trading Up 1.4%

ALL opened at $239.41 on Friday. The Allstate Corporation has a one year low of $188.08 and a one year high of $277.22. The company has a market cap of $60.54 billion, a P/E ratio of 4.78, a PEG ratio of 0.52 and a beta of 0.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36. The business’s 50-day simple moving average is $247.16 and its 200-day simple moving average is $234.95.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, topping the consensus estimate of $6.06 by $2.93. The business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $15.46 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $5.94 EPS. As a group, equities research analysts expect that The Allstate Corporation will post 36.00 EPS for the current fiscal year.

Analysts Set New Price Targets

ALL has been the subject of several recent research reports. Bank of America raised their price target on shares of Allstate from $336.00 to $340.00 and gave the company a “buy” rating in a research report on Monday. The Goldman Sachs Group cut their price objective on Allstate from $280.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. Barclays reduced their price objective on Allstate from $226.00 to $221.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 7th. Citigroup reduced their price objective on Allstate from $240.00 to $215.00 and set a “sell” rating on the stock in a research note on Friday, October 2nd. Finally, Jefferies Financial Group decreased their target price on Allstate from $310.00 to $292.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Allstate presently has an average rating of “Hold” and an average target price of $270.19.

Insider Buying and Selling

In other Allstate news, insider John Dugenske sold 32,996 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $269.33, for a total value of $8,886,812.68. Following the transaction, the insider directly owned 13,054 shares in the company, valued at $3,515,833.82. This represents a 71.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mario Rizzo sold 56,225 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the completion of the transaction, the chief operating officer owned 82,227 shares in the company, valued at $21,747,396.96. This represents a 40.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.55% of the company’s stock.

Allstate Profile

Allstate Corporation is an insurance company that provides protection products and services primarily to individuals and families. Its offerings include automobile, homeowners, renters, condominium, and other property and casualty insurance, along with roadside assistance, identity protection, and related protection services.

The company distributes products through a network of exclusive agents, independent agents, contact centers, and digital channels. Allstate also serves customers through brands and businesses including National General, which expands its presence in personal and commercial auto insurance and other specialty coverage markets.

Founded in 1931 as part of Sears, Roebuck & Co, Allstate became an independent publicly traded company in 1995.