Los Angeles Capital Management LLC Has $87.29 Million Stake in The Allstate Co. (NYSE:ALL)

Los Angeles Capital Management LLC raised its stake in The Allstate Co. (NYSE:ALL - Free Report) by 688.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 460,282 shares of the insurance provider's stock after buying an additional 401,901 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.17% of Allstate worth $87,292,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ALL. GSA Capital Partners LLP bought a new position in Allstate in the 1st quarter worth about $566,000. Csenge Advisory Group acquired a new stake in Allstate in the 1st quarter valued at approximately $213,000. Oppenheimer & Co. Inc. increased its position in Allstate by 2.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 11,621 shares of the insurance provider's stock valued at $2,011,000 after acquiring an additional 227 shares during the period. Atomi Financial Group Inc. raised its stake in Allstate by 16.6% during the 1st quarter. Atomi Financial Group Inc. now owns 2,019 shares of the insurance provider's stock valued at $349,000 after acquiring an additional 288 shares in the last quarter. Finally, Fiduciary Family Office LLC boosted its position in Allstate by 21.5% during the 1st quarter. Fiduciary Family Office LLC now owns 2,701 shares of the insurance provider's stock worth $467,000 after acquiring an additional 478 shares during the period. Institutional investors own 76.47% of the company's stock.

Insider Buying and Selling at Allstate

In other news, EVP Elizabeth Brady sold 49,481 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $179.09, for a total value of $8,861,552.29. Following the completion of the sale, the executive vice president now owns 19,163 shares of the company's stock, valued at $3,431,901.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Elizabeth Brady sold 49,481 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $179.09, for a total value of $8,861,552.29. Following the completion of the sale, the executive vice president now directly owns 19,163 shares of the company's stock, valued at $3,431,901.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Toohey sold 16,682 shares of the firm's stock in a transaction that occurred on 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 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. Insiders have sold a total of 192,530 shares of company stock valued at $34,967,665 in the last three months. 1.80% of the stock is currently owned by company insiders.

Allstate Trading Up 3.3 %

NYSE ALL traded up $6.35 on Friday, hitting $196.90. 2,018,725 shares of the company were exchanged, compared to its average volume of 1,555,754. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The Allstate Co. has a twelve month low of $128.33 and a twelve month high of $198.79. The firm has a market capitalization of $52.14 billion, a P/E 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 price is $189.09 and its 200-day moving average price is $175.85.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. The firm's revenue was up 14.7% compared to the same quarter last year. Analysts predict that The Allstate Co. will post 15.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of Allstate from $175.00 to $187.00 and gave the company an "underweight" rating in a research note on Thursday, October 31st. UBS Group upped their price target on shares of Allstate from $216.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Raymond James increased their price objective on shares of Allstate from $205.00 to $220.00 and gave the company a "strong-buy" rating in a report on Friday, October 4th. Piper Sandler boosted their target price on Allstate from $188.00 to $196.00 and gave the stock an "overweight" rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. increased their price target on Allstate from $205.00 to $207.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.