Kennebec Savings Bank Makes New Investment in The Allstate Co. (NYSE:ALL)

Kennebec Savings Bank acquired a new stake in shares of The Allstate Co. (NYSE:ALL - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,194 shares of the insurance provider's stock, valued at approximately $606,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SPC Financial Inc. lifted its position in shares of Allstate by 3.6% in the third quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider's stock valued at $297,000 after acquiring an additional 54 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings 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 worth $596,000 after purchasing an additional 54 shares during the last quarter. Abacus Planning Group Inc. lifted its stake in shares of Allstate by 2.4% during the third quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider's stock worth $458,000 after buying an additional 56 shares during the period. Chicago Partners Investment Group LLC lifted its stake in Allstate by 1.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider's stock valued at $893,000 after acquiring an additional 59 shares during the period. Finally, Carmichael Hill & Associates Inc. lifted its stake in shares of Allstate by 15.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider's stock valued at $87,000 after purchasing an additional 60 shares during the period. 76.47% of the stock is owned by institutional investors.

Insider Activity

In other 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 owns 88,552 shares of the company's stock, valued at approximately $15,880,915.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Thomas J. Wilson sold 90,000 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, the chief executive officer now directly owns 88,552 shares of the company's stock, valued at approximately $15,880,915.68. 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. Also, EVP Robert Toohey sold 16,682 shares of the business's stock in a transaction on Monday, August 19th. The shares were 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 of the company's stock, valued at approximately $877,968.41. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 192,530 shares of company stock worth $34,967,665. 1.80% of the stock is currently owned by corporate insiders.

Allstate Trading Up 1.3 %

NYSE:ALL traded up $2.56 on Monday, reaching $199.46. 314,610 shares of the stock traded hands, compared to its average volume of 1,545,540. 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 firm has a market capitalization of $52.82 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.76 and a beta of 0.48. The company's 50 day moving average is $189.09 and its 200-day moving average is $175.87. The Allstate Co. has a 1-year low of $129.17 and a 1-year high of $201.00.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating 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 analyst estimates of $14.57 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. Equities research analysts anticipate that The Allstate Co. will post 15.34 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ALL shares. BMO Capital Markets increased their price target on Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. StockNews.com cut shares of Allstate from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 21st. Evercore ISI upped their price objective on shares of Allstate from $191.00 to $195.00 and gave the company an "in-line" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their target price on shares of Allstate from $205.00 to $207.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Finally, The Goldman Sachs Group upped their target price on shares of Allstate from $199.00 to $204.00 and gave the company a "buy" rating in a report on Thursday, August 15th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $212.56.

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.