Pathway Financial Advisers LLC Acquires 1,047,019 Shares of The Allstate Co. (NYSE:ALL)

Pathway Financial Advisers LLC increased its stake in The Allstate Co. (NYSE:ALL - Free Report) by 18,472.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,052,687 shares of the insurance provider's stock after buying an additional 1,047,019 shares during the period. Allstate accounts for about 1.3% of Pathway Financial Advisers LLC's holdings, making the stock its 24th largest holding. Pathway Financial Advisers LLC owned 0.40% of Allstate worth $199,642,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors grew its stake in shares of Allstate by 15.5% in the third quarter. Arkadios Wealth Advisors now owns 5,228 shares of the insurance provider's stock worth $991,000 after acquiring an additional 701 shares during the last quarter. Forsta AP Fonden grew its position in Allstate by 2.6% during the 3rd quarter. Forsta AP Fonden now owns 93,100 shares of the insurance provider's stock valued at $17,656,000 after purchasing an additional 2,400 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Allstate by 24.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,397 shares of the insurance provider's stock valued at $3,089,000 after purchasing an additional 3,200 shares in the last quarter. Allworth Financial LP increased its stake in Allstate by 1.5% during the 3rd quarter. Allworth Financial LP now owns 14,584 shares of the insurance provider's stock valued at $2,766,000 after purchasing an additional 213 shares in the last quarter. Finally, Mayfair Advisory Group LLC raised its holdings in Allstate by 22.4% in the third quarter. Mayfair Advisory Group LLC now owns 1,746 shares of the insurance provider's stock worth $333,000 after buying an additional 320 shares during the last quarter. Institutional investors own 76.47% of the company's stock.

Insider Buying and Selling at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of the firm's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the transaction, the insider now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of Allstate 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 transaction, the chief executive officer now directly owns 88,552 shares of the company's stock, valued at $15,880,915.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, 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 192,530 shares of company stock worth $34,967,665 in the last quarter. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ALL has been the subject of several analyst reports. The Goldman Sachs Group raised their price target on shares of Allstate from $199.00 to $204.00 and gave the company a "buy" rating in a research report on Thursday, August 15th. BMO Capital Markets increased their price objective on Allstate from $205.00 to $214.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Wells Fargo & Company reduced their price objective on Allstate from $177.00 to $175.00 and set an "equal weight" rating for the company in a report on Friday, August 16th. UBS Group raised their price target on shares of Allstate from $215.00 to $216.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Finally, Evercore ISI boosted their price objective 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 investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.44.

Allstate Price Performance

Shares of NYSE:ALL traded down $3.88 during trading on Friday, hitting $188.12. 1,154,030 shares of the company's stock were exchanged, compared to its average volume of 1,536,326. The business's 50-day simple moving average is $188.18 and its 200 day simple moving average is $174.46. 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 52-week low of $122.53 and a 52-week high of $198.79. The company has a market cap of $49.65 billion, a price-to-earnings ratio of 41.53, a PEG ratio of 1.74 and a beta of 0.48.

Allstate (NYSE:ALL - Get Free Report) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, topping 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 firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.04 billion. During the same quarter in the prior year, the business earned ($4.42) earnings per share. Allstate's revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities analysts predict that The Allstate Co. will post 15.19 EPS for the current year.

About Allstate

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.