Key Financial Inc Buys 164 Shares of The Allstate Co. (NYSE:ALL)

Key Financial Inc increased its stake in shares of The Allstate Co. (NYSE:ALL) by 24.3% during the fourth quarter, HoldingsChannel reports. The fund owned 838 shares of the insurance provider’s stock after acquiring an additional 164 shares during the quarter. Key Financial Inc’s holdings in Allstate were worth $162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ALL. FSA Wealth Management LLC bought a new position in Allstate during the third quarter worth $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate in the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new stake in Allstate in the 3rd quarter valued at $29,000. Peoples Bank KS bought a new stake in Allstate in the 4th quarter valued at $49,000. Finally, Stonebridge Financial Group LLC bought a new stake in Allstate in the 4th quarter valued at $53,000. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 0.6 %

Shares of NYSE ALL opened at $188.66 on Wednesday. The firm’s 50-day simple moving average is $190.55 and its 200 day simple moving average is $190.03. The company has a market cap of $49.96 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 1.47 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 Allstate Co. has a 12-month low of $153.87 and a 12-month high of $209.88.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%. On average, research analysts expect that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Allstate

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 shares were sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the transaction, the chief financial officer now directly owns 18,115 shares in the company, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. The Goldman Sachs Group boosted their price target on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. UBS Group boosted their price target on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company boosted their target price on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.