Leuthold Group LLC Purchases Shares of 21,231 The Allstate Co. (NYSE:ALL)

Leuthold Group LLC acquired a new position in The Allstate Co. (NYSE:ALL - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,231 shares of the insurance provider's stock, valued at approximately $4,026,000.

Other large investors also recently made changes to their positions in the company. BDF Gestion bought a new position in Allstate in the 2nd quarter worth approximately $3,051,000. BNP Paribas Financial Markets raised its position in Allstate by 55.8% in the 1st quarter. BNP Paribas Financial Markets now owns 218,629 shares of the insurance provider's stock worth $37,825,000 after purchasing an additional 78,316 shares during the last quarter. OFI Invest Asset Management bought a new position in Allstate in the 2nd quarter worth approximately $476,000. Envestnet Portfolio Solutions Inc. raised its position in Allstate by 12.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 50,383 shares of the insurance provider's stock worth $8,717,000 after purchasing an additional 5,586 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Allstate by 251.8% in the 1st quarter. SG Americas Securities LLC now owns 53,090 shares of the insurance provider's stock worth $9,185,000 after purchasing an additional 38,001 shares during the last quarter. Institutional investors own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

ALL has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on shares of Allstate from $199.00 to $204.00 and gave the stock a "buy" rating in a research report on Thursday, August 15th. Evercore ISI upped their target price on shares of Allstate from $191.00 to $195.00 and gave the company an "in-line" rating in a research report on Wednesday, October 9th. Raymond James upped their target price on shares of Allstate from $205.00 to $220.00 and gave the company a "strong-buy" rating in a research report on Friday, October 4th. UBS Group upped their target price on shares of Allstate from $215.00 to $216.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group upped their target price on shares of Allstate from $217.00 to $231.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $206.44.

Allstate Stock Up 0.6 %

NYSE ALL traded up $1.10 on Monday, reaching $189.22. The company had a trading volume of 1,778,285 shares, compared to its average volume of 1,537,489. The company's fifty day moving average is $188.18 and its 200-day moving average is $174.54. The Allstate Co. has a 1-year low of $123.42 and a 1-year high of $198.79. 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 firm has a market capitalization of $49.94 billion, a price-to-earnings ratio of 41.85, a price-to-earnings-growth 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 EPS 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 company had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. During the same period in the prior year, the business posted ($4.42) EPS. The company's quarterly revenue was up 12.4% on a year-over-year basis. On average, research analysts forecast that The Allstate Co. will post 15.19 earnings per share for the current fiscal 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 shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of 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 document filed with the SEC, which is accessible through the SEC website. In related news, insider John E. Dugenske sold 36,367 shares of the firm's stock in a transaction dated 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 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 document filed with the SEC, which is accessible through the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 88,552 shares of the company's stock, valued at $15,880,915.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 192,530 shares of company stock worth $34,967,665 in the last three months. Insiders own 1.80% of the company's stock.

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.