Allstate Corp (ALL) Shares Sold by Comerica Bank

Comerica Bank cut its holdings in Allstate Corp (NYSE:ALL) by 18.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,502 shares of the insurance provider’s stock after selling 20,397 shares during the quarter. Comerica Bank’s holdings in Allstate were worth $8,502,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Baltimore Washington Financial Advisors Inc. boosted its stake in shares of Allstate by 5.4% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 76,696 shares of the insurance provider’s stock valued at $7,569,000 after purchasing an additional 3,929 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Allstate by 863.8% during the third quarter. Sterling Capital Management LLC now owns 59,185 shares of the insurance provider’s stock valued at $5,842,000 after purchasing an additional 53,044 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Allstate by 5.0% during the third quarter. Victory Capital Management Inc. now owns 2,207,895 shares of the insurance provider’s stock valued at $217,919,000 after purchasing an additional 104,863 shares in the last quarter. US Bancorp DE boosted its stake in shares of Allstate by 0.6% during the third quarter. US Bancorp DE now owns 199,718 shares of the insurance provider’s stock valued at $19,712,000 after purchasing an additional 1,285 shares in the last quarter. Finally, Trilogy Capital Inc. acquired a new stake in shares of Allstate during the third quarter valued at about $237,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on the company. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a research note on Tuesday, September 18th. Credit Suisse Group lowered their price objective on Allstate from $114.00 to $112.00 and set a “buy” rating for the company in a research report on Tuesday, August 28th. ValuEngine upgraded Allstate from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st. Wells Fargo & Co restated a “hold” rating on shares of Allstate in a research report on Thursday, August 16th. Finally, B. Riley raised their price objective on Allstate from $88.00 to $103.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Allstate currently has a consensus rating of “Hold” and an average target price of $103.92.

In other news, EVP Harriet K. Harty sold 10,515 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $98.87, for a total transaction of $1,039,618.05. Following the completion of the sale, the executive vice president now owns 14,606 shares in the company, valued at $1,444,095.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Jesse E. Merten sold 696 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $92.12, for a total value of $64,115.52. Following the sale, the executive vice president now owns 2,102 shares of the company’s stock, valued at approximately $193,636.24. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Shares of ALL stock opened at $93.72 on Friday. The company has a market capitalization of $31.35 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 1.18 and a beta of 0.87. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.30. Allstate Corp has a fifty-two week low of $88.29 and a fifty-two week high of $105.36.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, October 31st. The insurance provider reported $1.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.28). The business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.51 billion. Allstate had a return on equity of 15.48% and a net margin of 9.38%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.60 earnings per share. On average, research analysts anticipate that Allstate Corp will post 9.25 earnings per share for the current year.

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About Allstate

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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