Creative Planning Has $3.10 Million Stock Position in Allstate Corp (NYSE:ALL)

Creative Planning decreased its stake in shares of Allstate Corp (NYSE:ALL) by 0.9% during the 3rd quarter, Holdings Channel reports. The firm owned 28,514 shares of the insurance provider’s stock after selling 257 shares during the period. Creative Planning’s holdings in Allstate were worth $3,099,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Manchester Financial Inc. acquired a new position in shares of Allstate during the 2nd quarter worth approximately $25,000. Redhawk Wealth Advisors Inc. acquired a new position in shares of Allstate during the 2nd quarter worth approximately $27,000. Candriam Luxembourg S.C.A. increased its holdings in shares of Allstate by 19.1% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 231,261 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 37,143 shares during the last quarter. Mechanics Bank Trust Department acquired a new position in shares of Allstate during the 3rd quarter worth approximately $32,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Allstate during the 3rd quarter worth approximately $33,000. 77.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ALL stock opened at $108.19 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.29. Allstate Corp has a twelve month low of $77.00 and a twelve month high of $109.55. The company has a market cap of $34.29 billion, a P/E ratio of 13.41, a P/E/G ratio of 1.27 and a beta of 0.81. The business has a fifty day simple moving average of $107.47 and a 200 day simple moving average of $102.76.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Tuesday, October 29th. The insurance provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.32. Allstate had a return on equity of 13.83% and a net margin of 6.57%. The business had revenue of $10.87 billion during the quarter, compared to the consensus estimate of $9.07 billion. During the same period in the prior year, the company earned $1.93 EPS. As a group, equities research analysts anticipate that Allstate Corp will post 9.97 earnings per share for the current fiscal year.

In related news, EVP Susan L. Lees sold 27,650 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $108.30, for a total transaction of $2,994,495.00. Following the completion of the sale, the executive vice president now directly owns 53,165 shares in the company, valued at approximately $5,757,769.50. The sale was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on ALL. UBS Group upped their target price on Allstate from $110.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Morgan Stanley upped their target price on Allstate from $108.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, August 15th. Wells Fargo & Co upped their target price on Allstate from $103.00 to $105.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. ValuEngine downgraded Allstate from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Raymond James upped their target price on Allstate from $115.00 to $125.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Allstate presently has a consensus rating of “Hold” and a consensus price target of $110.17.

Allstate Profile

The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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