The Allstate Co. (NYSE:ALL) Shares Sold by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC reduced its position in The Allstate Co. (NYSE:ALL) by 23.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 659 shares of the insurance provider’s stock after selling 200 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Allstate were worth $127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALL. FSA Wealth Management LLC purchased a new position in shares of Allstate in the third quarter worth about $26,000. Northwest Investment Counselors LLC purchased a new position in Allstate in the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate during the 3rd quarter worth approximately $29,000. Peoples Bank KS purchased a new stake in shares of Allstate in the fourth quarter valued at approximately $49,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Allstate in the fourth quarter valued at approximately $53,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insider Activity

In other news, CFO Jesse E. Merten sold 40,102 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $186.53, for a total value of $7,480,226.06. Following the sale, the chief financial officer now directly owns 18,115 shares in the company, valued at approximately $3,378,990.95. This trade represents a 68.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

Allstate Price Performance

Shares of ALL opened at $187.53 on Tuesday. The company has a market cap of $49.66 billion, a P/E ratio of 11.04, a PEG ratio of 1.47 and a beta of 0.52. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88. 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 firm’s 50 day moving average price is $190.91 and its 200 day moving average price is $189.87.

Allstate (NYSE:ALL) last posted its quarterly earnings data 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%. On average, research analysts forecast that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of recent research reports. Barclays cut their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company raised their price objective on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Jefferies Financial Group lifted their target price on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Keefe, Bruyette & Woods raised their price target on shares of Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Allstate has an average rating of “Moderate Buy” and an average target price of $217.94.

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.