Howard Capital Management Inc. Boosts Stock Position in The Allstate Co. (NYSE:ALL)

Howard Capital Management Inc. boosted its holdings in The Allstate Co. (NYSE:ALL) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,711 shares of the insurance provider’s stock after purchasing an additional 85 shares during the period. Howard Capital Management Inc.’s holdings in Allstate were worth $330,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ALL. Allworth Financial LP boosted its position in Allstate by 1.5% in 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. Mirae Asset Global Investments Co. Ltd. boosted its position in Allstate by 24.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,397 shares of the insurance provider’s stock worth $3,089,000 after purchasing an additional 3,200 shares during the last quarter. Arkadios Wealth Advisors boosted its position in 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 purchasing an additional 701 shares during the last quarter. PFG Investments LLC boosted its position in Allstate by 4.1% in the third quarter. PFG Investments LLC now owns 5,805 shares of the insurance provider’s stock worth $1,101,000 after purchasing an additional 228 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Allstate by 39.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 97,170 shares of the insurance provider’s stock worth $18,428,000 after purchasing an additional 27,253 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of NYSE ALL opened at $188.60 on Tuesday. The firm has a market capitalization of $49.94 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.03 and a beta of 0.52. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. The stock’s 50-day simple moving average is $190.12 and its two-hundred day simple moving average is $190.56. The Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. As a group, equities analysts anticipate that The Allstate Co. will post 18.65 EPS for the current fiscal year.

Analyst Ratings Changes

ALL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their price target on Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Morgan Stanley upped their price target on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Jefferies Financial Group upped their price target on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group upped their price target on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, Piper Sandler upped their price target on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and an average target price of $217.94.

Insiders Place Their Bets

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $186.53, for a total value of $7,480,226.06. Following the transaction, the chief financial officer now directly owns 18,115 shares in the company, valued at $3,378,990.95. This represents a 68.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Allstate 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.