GDS Wealth Management Purchases 5,121 Shares of The Allstate Co. (NYSE:ALL)

GDS Wealth Management boosted its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 85,962 shares of the insurance provider's stock after buying an additional 5,121 shares during the quarter. Allstate makes up approximately 1.6% of GDS Wealth Management's holdings, making the stock its 26th largest holding. GDS Wealth Management's holdings in Allstate were worth $16,303,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ALL. Pathway Financial Advisers LLC boosted its holdings in Allstate by 18,472.5% in the third quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider's stock valued at $199,642,000 after acquiring an additional 1,047,019 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Allstate by 18.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider's stock valued at $569,114,000 after purchasing an additional 472,040 shares during the period. AQR Capital Management LLC boosted its stake in shares of Allstate by 181.6% in the 2nd quarter. AQR Capital Management LLC now owns 719,997 shares of the insurance provider's stock valued at $114,955,000 after purchasing an additional 464,337 shares during the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of Allstate during the 3rd quarter worth approximately $77,819,000. Finally, Acadian Asset Management LLC raised its stake in shares of Allstate by 3,839.0% during the second quarter. Acadian Asset Management LLC now owns 416,117 shares of the insurance provider's stock worth $66,417,000 after buying an additional 405,553 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ALL has been the topic of a number of recent research reports. Evercore ISI raised their price objective on shares of Allstate from $191.00 to $195.00 and gave the company an "in-line" rating in a research note on Wednesday, October 9th. TD Cowen raised their price target on Allstate from $193.00 to $224.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Bank of America lifted their price objective on Allstate from $216.00 to $233.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. The Goldman Sachs Group raised their target price on Allstate from $199.00 to $204.00 and gave the stock a "buy" rating in a report on Thursday, August 15th. Finally, UBS Group upped their price target on Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have issued 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $212.56.

Insider Transactions at Allstate

In other news, EVP Elizabeth Brady sold 49,481 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $179.09, for a total value of $8,861,552.29. Following the sale, the executive vice president now owns 19,163 shares of the company's stock, valued at $3,431,901.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Elizabeth Brady sold 49,481 shares of Allstate stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $179.09, for a total value of $8,861,552.29. Following the sale, the executive vice president now owns 19,163 shares of the company's stock, valued at approximately $3,431,901.67. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Toohey sold 16,682 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the transaction, the executive vice president now directly owns 4,873 shares of the company's stock, 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 sold 192,530 shares of company stock valued at $34,967,665 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Allstate Stock Up 1.0 %

ALL traded up $1.90 during trading on Monday, hitting $198.80. The company had a trading volume of 573,698 shares, compared to its average volume of 1,546,810. The company has a market capitalization of $52.64 billion, a PE ratio of 12.75, a PEG ratio of 1.76 and a beta of 0.48. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The Allstate Co. has a one year low of $129.17 and a one year high of $201.00. The firm's 50-day moving average price is $189.09 and its 200 day moving average price is $175.87.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company had revenue of $16.63 billion during the quarter, compared to analysts' expectations of $14.57 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. Allstate's revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, equities analysts expect that The Allstate Co. will post 15.34 earnings per share 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.