Foundations Investment Advisors LLC Has $7.33 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

Foundations Investment Advisors LLC lifted its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 461.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,658 shares of the insurance provider's stock after buying an additional 31,778 shares during the quarter. Foundations Investment Advisors LLC's holdings in Allstate were worth $7,331,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Northwest Investment Counselors LLC acquired a new position in shares of Allstate during the first quarter valued at $26,000. Versant Capital Management Inc grew its stake in shares of Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider's stock valued at $30,000 after buying an additional 78 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Allstate in the 2nd quarter valued at approximately $38,000. MCF Advisors LLC boosted its position in Allstate by 33.9% during the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider's stock worth $53,000 after purchasing an additional 84 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in shares of Allstate by 38.5% in the first quarter. Sunbelt Securities Inc. now owns 363 shares of the insurance provider's stock valued at $63,000 after acquiring an additional 101 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Allstate from $199.00 to $208.00 and gave the stock an "outperform" rating in a research report on Monday, August 12th. StockNews.com lowered Allstate from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 21st. Raymond James upped their price objective on Allstate from $205.00 to $220.00 and gave the company a "strong-buy" rating in a report on Friday, October 4th. Piper Sandler increased 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, TD Cowen increased their target price on Allstate from $193.00 to $224.00 and gave the stock a "buy" rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate presently has a consensus rating of "Moderate Buy" and an average price target of $206.44.

Allstate Stock Performance

NYSE ALL traded up $0.14 on Tuesday, reaching $192.78. The stock had a trading volume of 777,686 shares, compared to its average volume of 1,542,693. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Co. has a 12-month low of $121.70 and a 12-month high of $198.79. The business's 50-day moving average price is $187.50 and its 200 day moving average price is $174.10. The stock has a market cap of $50.88 billion, a P/E ratio of 42.56, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48.

Allstate (NYSE:ALL - Get Free Report) last released 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. The firm had revenue of $15.71 billion during the quarter, compared to analysts' expectations of $14.04 billion. Allstate had a return on equity of 24.05% and a net margin of 5.03%. Allstate's revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($4.42) earnings per share. As a group, equities analysts expect that The Allstate Co. will post 15.19 earnings per share for the current year.

Insider Transactions at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of the firm's stock in a transaction dated 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Allstate news, 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 transaction of $6,959,916.46. Following the completion of the sale, the insider now owns 27,364 shares in the company, valued at $5,236,922.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of the firm'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 value 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 192,530 shares of company stock worth $34,967,665 in the last three months. 1.80% of the stock is currently owned by company insiders.

Allstate 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.