Allspring Global Investments Holdings LLC Has $569.11 Million Stock Position in The Allstate Co. (NYSE:ALL)

Allspring Global Investments Holdings LLC boosted its position in The Allstate Co. (NYSE:ALL - Free Report) by 18.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,000,866 shares of the insurance provider's stock after purchasing an additional 472,040 shares during the period. Allstate makes up about 0.9% of Allspring Global Investments Holdings LLC's portfolio, making the stock its 11th largest holding. Allspring Global Investments Holdings LLC owned 1.14% of Allstate worth $569,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC lifted its holdings in shares of Allstate by 9.6% in the third quarter. Resonant Capital Advisors LLC now owns 1,827 shares of the insurance provider's stock valued at $348,000 after buying an additional 160 shares during the period. ST Germain D J Co. Inc. raised its position in Allstate by 25.5% in the third quarter. ST Germain D J Co. Inc. now owns 1,286 shares of the insurance provider's stock worth $244,000 after acquiring an additional 261 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Allstate by 10.6% in the 3rd quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider's stock worth $287,851,000 after purchasing an additional 145,986 shares in the last quarter. Blue Trust Inc. boosted its holdings in Allstate by 90.4% during the third quarter. Blue Trust Inc. now owns 2,989 shares of the insurance provider's stock worth $567,000 after buying an additional 1,419 shares in the last quarter. Finally, IFG Advisors LLC grew its position in Allstate by 4.4% in the third quarter. IFG Advisors LLC now owns 1,868 shares of the insurance provider's stock worth $354,000 after buying an additional 79 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Insider Buying and Selling at Allstate

In other news, insider John E. Dugenske sold 36,367 shares of the business's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the sale, the insider now directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $179.09, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John E. Dugenske sold 36,367 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the transaction, the insider now owns 27,364 shares of the company's stock, valued at $5,236,922.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 192,530 shares of company stock valued at $34,967,665 in the last quarter. Corporate insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ALL. UBS Group lifted their target price on Allstate from $215.00 to $216.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Raymond James upped their price objective on shares of Allstate from $205.00 to $220.00 and gave the company a "strong-buy" rating in a research note on Friday, October 4th. Roth Mkm reiterated a "buy" rating and issued a $200.00 target price on shares of Allstate in a report on Wednesday, August 14th. Bank of America boosted their price target on shares of Allstate from $216.00 to $233.00 and gave the company a "buy" rating in a report on Friday. Finally, Morgan Stanley decreased their price objective on shares of Allstate from $205.00 to $200.00 and set an "overweight" rating for the company in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $202.59.

Allstate Stock Performance

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

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