The Allstate Corporation $ALL Stock: Nisa Investment Advisors LLC Grows Holdings

Nisa Investment Advisors LLC raised its position in shares of The Allstate Corporation (NYSE:ALL) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 113,481 shares of the insurance provider’s stock after purchasing an additional 9,006 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Allstate were worth $25,299,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Diversify Advisory Services LLC raised its stake in shares of Allstate by 126.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 21,415 shares of the insurance provider’s stock worth $5,131,000 after buying an additional 11,965 shares in the last quarter. Revisor Wealth Management LLC acquired a new stake in shares of Allstate in the third quarter valued at $249,000. 55 North Private Wealth LLC boosted its stake in Allstate by 10.5% during the third quarter. 55 North Private Wealth LLC now owns 1,071 shares of the insurance provider’s stock valued at $238,000 after buying an additional 102 shares in the last quarter. Prentice Wealth Management LLC boosted its stake in Allstate by 40.0% during the third quarter. Prentice Wealth Management LLC now owns 2,446 shares of the insurance provider’s stock valued at $543,000 after buying an additional 699 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Allstate by 6.8% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 42,944 shares of the insurance provider’s stock valued at $9,528,000 after buying an additional 2,740 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Price Performance

Shares of NYSE:ALL opened at $250.98 on Thursday. The Allstate Corporation has a one year low of $188.08 and a one year high of $277.22. The stock has a fifty day moving average of $245.98 and a 200-day moving average of $236.15. The company has a market capitalization of $63.46 billion, a PE ratio of 5.01, a price-to-earnings-growth ratio of 0.55 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.

Allstate (NYSE:ALL) last released its quarterly earnings data 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 during 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 company’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company posted $5.94 EPS. As a group, equities analysts anticipate that The Allstate Corporation will post 36.21 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Mario Rizzo sold 56,225 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total value 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 trade represents a 40.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John E. Dugenske sold 32,996 shares of Allstate stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $269.33, for a total value of $8,886,812.68. Following the completion of 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 position. The SEC filing for this sale provides additional information. 1.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ALL shares. The Goldman Sachs Group lowered their target price on Allstate from $280.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, October 1st. Jefferies Financial Group cut their price target on shares of Allstate from $310.00 to $292.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. Barclays reduced their price objective on shares of Allstate from $226.00 to $221.00 and set an “underweight” rating for the company in a research report on Wednesday, October 7th. Citigroup lowered their price objective on shares of Allstate from $240.00 to $215.00 and set a “sell” rating on the stock in a research note on Friday, October 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Allstate from $282.00 to $292.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $270.19.

Allstate Company Profile

Allstate Corp. (NYSE: ALL) is an insurance company that provides protection products and related services primarily in the United States. Its offerings include automobile, homeowners, renters, condominium, motorcycle and other personal property and casualty insurance, distributed through agents, brokers, direct channels and digital platforms.

The company also provides roadside assistance, identity-protection services and protection plans for consumer products. Through its acquisition of National General, Allstate expanded its presence in independent-agent distribution and specialty personal insurance.