Raymond James & Associates Purchases 145,986 Shares of The Allstate Co. (NYSE:ALL)

Raymond James & Associates raised its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 10.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,517,800 shares of the insurance provider's stock after buying an additional 145,986 shares during the period. Raymond James & Associates owned about 0.58% of Allstate worth $287,851,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. SPC Financial Inc. lifted its position in shares of Allstate by 3.6% during the third quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider's stock valued at $297,000 after purchasing an additional 54 shares in the last quarter. Abacus Planning Group Inc. lifted its position 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 valued at $458,000 after purchasing an additional 56 shares in the last quarter. Premier Path Wealth Partners LLC lifted its position in shares of Allstate by 2.5% during the second quarter. Premier Path Wealth Partners LLC now owns 2,457 shares of the insurance provider's stock valued at $392,000 after purchasing an additional 61 shares in the last quarter. Sumitomo Life Insurance Co. lifted its position in shares of Allstate by 0.9% during the third quarter. Sumitomo Life Insurance Co. now owns 6,567 shares of the insurance provider's stock valued at $1,245,000 after purchasing an additional 61 shares in the last quarter. Finally, Aprio Wealth Management LLC lifted its position in shares of Allstate by 5.9% during the third quarter. Aprio Wealth Management LLC now owns 1,360 shares of the insurance provider's stock valued at $258,000 after purchasing an additional 76 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Insider Activity at Allstate

In related news, CEO Thomas J. Wilson sold 90,000 shares of the business's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of Allstate stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the completion of the sale, the executive vice president now directly owns 19,163 shares in the company, valued at $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 is available through this hyperlink. Also, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 192,530 shares of company stock valued at $34,967,665. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ALL. Roth Mkm reissued a "buy" rating and set a $200.00 price target on shares of Allstate in a research report on Wednesday, August 14th. Piper Sandler raised their price objective on shares of Allstate from $188.00 to $196.00 and gave the stock an "overweight" rating in a report on Friday, August 16th. The Goldman Sachs Group raised their price objective on shares of Allstate from $199.00 to $204.00 and gave the stock a "buy" rating in a report on Thursday, August 15th. Bank of America raised their price objective on shares of Allstate from $216.00 to $233.00 and gave the stock a "buy" rating in a report on Friday. Finally, StockNews.com downgraded shares of Allstate from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Allstate has an average rating of "Moderate Buy" and an average target price of $202.59.

Allstate Stock Performance

Shares of ALL traded down $0.14 during trading hours on Friday, hitting $195.37. The company's stock had a trading volume of 1,051,563 shares, compared to its average volume of 1,548,418. The business has a 50 day simple moving average of $186.66 and a two-hundred day simple moving average of $173.81. The company has a market cap of $51.56 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 1.74 and a beta of 0.48. The Allstate Co. has a 52-week low of $121.70 and a 52-week high of $198.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36.

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