The Allstate Co. (NYSE:ALL) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 24.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,397 shares of the insurance provider's stock after purchasing an additional 3,200 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Allstate were worth $3,089,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ALL. Allworth Financial LP boosted its holdings in shares of Allstate by 1.5% during the third quarter. Allworth Financial LP now owns 14,584 shares of the insurance provider's stock worth $2,766,000 after purchasing an additional 213 shares during the last quarter. Mayfair Advisory Group LLC lifted its position in Allstate by 22.4% during 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 period. Convergence Financial LLC boosted its stake in Allstate by 33.8% in the 3rd quarter. Convergence Financial LLC now owns 8,722 shares of the insurance provider's stock worth $1,654,000 after buying an additional 2,204 shares during the last quarter. Country Club Bank purchased a new stake in Allstate in the 3rd quarter valued at about $217,000. Finally, Joel Isaacson & Co. LLC acquired a new position in shares of Allstate during the 3rd quarter valued at about $211,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ALL. Evercore ISI boosted their price objective on Allstate from $191.00 to $195.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 9th. Barclays initiated coverage on shares of Allstate in a research report on Wednesday, September 4th. They set an "underweight" rating and a $175.00 target price on the stock. Wells Fargo & Company dropped their price target on shares of Allstate from $177.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Friday, August 16th. JPMorgan Chase & Co. raised their target price on Allstate from $205.00 to $207.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Finally, Raymond James boosted their price target on Allstate from $205.00 to $220.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Allstate currently has an average rating of "Moderate Buy" and an average target price of $206.44.

Allstate Price Performance

Shares of ALL opened at $186.55 on Wednesday. The Allstate Co. has a 52 week low of $123.42 and a 52 week high of $198.79. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. The firm has a market cap of $49.23 billion, a price-to-earnings ratio of 41.18, a PEG ratio of 1.74 and a beta of 0.48. The stock has a 50 day moving average of $188.48 and a 200-day moving average of $174.85.

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, topping analysts' consensus estimates of $0.33 by $1.28. The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The firm's revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($4.42) earnings per share. As a group, analysts forecast that The Allstate Co. will post 15.19 EPS for the current year.

Insider Activity

In related news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction dated 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 owns 27,364 shares in the company, valued at $5,236,922.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Elizabeth Brady sold 49,481 shares of the business's 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 completion of the transaction, the executive vice president now owns 19,163 shares in the company, valued at $3,431,901.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John E. Dugenske sold 36,367 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 27,364 shares in the company, valued at $5,236,922.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 192,530 shares of company stock valued at $34,967,665. Company insiders own 1.80% of the company's stock.

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.