Mason & Associates Inc Makes New $872,000 Investment in The Allstate Co. (NYSE:ALL)

Mason & Associates Inc purchased a new position in shares of The Allstate Co. (NYSE:ALL - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,598 shares of the insurance provider's stock, valued at approximately $872,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Park Avenue Securities LLC raised its holdings in shares of Allstate by 8.1% in the 1st quarter. Park Avenue Securities LLC now owns 4,506 shares of the insurance provider's stock worth $780,000 after buying an additional 336 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Allstate by 38.5% in the 1st quarter. Sunbelt Securities Inc. now owns 363 shares of the insurance provider's stock worth $63,000 after purchasing an additional 101 shares during the last quarter. Brookstone Capital Management increased its position in shares of Allstate by 40.8% during the 1st quarter. Brookstone Capital Management now owns 6,368 shares of the insurance provider's stock worth $1,102,000 after purchasing an additional 1,845 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Allstate by 4.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,023 shares of the insurance provider's stock valued at $11,769,000 after purchasing an additional 2,940 shares during the last quarter. Finally, 180 Wealth Advisors LLC boosted its position in Allstate by 25.2% in the first quarter. 180 Wealth Advisors LLC now owns 1,762 shares of the insurance provider's stock valued at $305,000 after buying an additional 355 shares in the last quarter. Institutional investors own 76.47% of the company's stock.

Allstate Trading Down 0.4 %

NYSE ALL traded down $0.78 during trading on Thursday, reaching $192.00. 976,721 shares of the stock traded hands, compared to its average volume of 1,538,177. The Allstate Co. has a fifty-two week low of $122.53 and a fifty-two week high of $198.79. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.49. The firm has a market cap of $50.67 billion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. The stock's 50-day moving average price is $187.73 and its 200 day moving average price is $174.23.

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

Insider Activity

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 shares were 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 is accessible through this link. In related news, insider John E. Dugenske sold 36,367 shares of Allstate 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 sale, the insider now owns 27,364 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Toohey sold 16,682 shares of Allstate stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the completion of the sale, the executive vice president now owns 4,873 shares in the company, valued at $877,968.41. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 192,530 shares of company stock worth $34,967,665 in the last 90 days. Corporate insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

ALL has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. Barclays began coverage on Allstate in a report on Wednesday, September 4th. They set an "underweight" rating and a $175.00 target price on the stock. TD Cowen lifted their price target on Allstate from $193.00 to $224.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. increased their price objective on shares of Allstate from $205.00 to $207.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $200.00 target price on shares of Allstate in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Allstate presently has an average rating of "Moderate Buy" and an average price target of $206.44.

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.