The Allstate Co. (NYSE:ALL) Short Interest Update

The Allstate Co. (NYSE:ALL - Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 1,740,000 shares, a decrease of 9.8% from the September 15th total of 1,930,000 shares. Based on an average trading volume of 1,490,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.7% of the shares of the stock are sold short.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Allstate from $199.00 to $208.00 and gave the company an "outperform" rating in a report on Monday, August 12th. BMO Capital Markets upped their price target on Allstate from $191.00 to $205.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Wells Fargo & Company cut their price objective on shares of Allstate from $177.00 to $175.00 and set an "equal weight" rating for the company in a research report on Friday, August 16th. Barclays assumed coverage on shares of Allstate in a report on Wednesday, September 4th. They issued an "underweight" rating and a $175.00 price objective on the stock. Finally, Evercore ISI lifted their target price on shares of Allstate from $191.00 to $195.00 and gave the company an "in-line" rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $201.06.

Insider Buying and Selling

In other news, EVP Elizabeth Brady sold 49,481 shares of Allstate stock in a transaction dated 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 sale, the executive vice president now directly owns 19,163 shares of the company's stock, valued at approximately $3,431,901.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Thomas J. Wilson sold 90,000 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elizabeth Brady sold 49,481 shares of Allstate stock in a transaction 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 sale, the executive vice president now directly owns 19,163 shares of the company's stock, valued at approximately $3,431,901.67. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 192,530 shares of company stock worth $34,967,665. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Allstate

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Allstate by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider's stock valued at $229,545,000 after purchasing an additional 47,038 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Allstate by 3.3% in the second quarter. Hsbc Holdings PLC now owns 1,007,953 shares of the insurance provider's stock valued at $160,948,000 after buying an additional 31,789 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Allstate by 1.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 818,489 shares of the insurance provider's stock valued at $130,680,000 after acquiring an additional 8,454 shares during the period. AQR Capital Management LLC grew its position in shares of Allstate by 181.6% during the second quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider's stock worth $114,955,000 after acquiring an additional 464,337 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Allstate by 11.8% in the 1st quarter. Russell Investments Group Ltd. now owns 716,757 shares of the insurance provider's stock valued at $123,574,000 after acquiring an additional 75,698 shares during the period. Institutional investors and hedge funds own 76.47% of the company's stock.

Allstate Stock Down 0.1 %

ALL stock traded down $0.14 during trading on Thursday, hitting $195.51. 1,905,711 shares of the company's stock were exchanged, compared to its average volume of 1,550,891. The business has a 50-day moving average price of $186.17 and a two-hundred day moving average price of $173.64. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $51.60 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 1.74 and a beta of 0.48. Allstate has a 52-week low of $121.70 and a 52-week high of $198.79.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $0.33 by $1.28. The business had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The company's revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($4.42) EPS. As a group, equities research analysts expect that Allstate will post 15.19 EPS for the current year.

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.