The Allstate Co. (NYSE:ALL) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC increased its stake in shares of The Allstate Co. (NYSE:ALL) by 40.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,840 shares of the insurance provider’s stock after purchasing an additional 5,130 shares during the period. Private Advisor Group LLC’s holdings in Allstate were worth $3,439,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in shares of Allstate in the third quarter valued at about $26,000. Catalyst Capital Advisors LLC acquired a new stake in Allstate in the 3rd quarter valued at about $29,000. Peoples Bank KS purchased a new position in Allstate in the 4th quarter worth approximately $49,000. Stonebridge Financial Group LLC acquired a new position in shares of Allstate during the 4th quarter worth approximately $53,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Allstate in the fourth quarter valued at approximately $57,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALL has been the topic of a number of recent research reports. Barclays lowered their price objective on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. Morgan Stanley upped their price objective on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. UBS Group raised their price objective on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Jefferies Financial Group boosted their target price on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Piper Sandler raised their price target on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $217.94.

Allstate Trading Down 1.9 %

ALL opened at $185.51 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The Allstate Co. has a one year low of $153.87 and a one year high of $209.88. The company has a market cap of $49.12 billion, a P/E ratio of 10.92, a PEG ratio of 1.03 and a beta of 0.52. The business’s 50-day simple moving average is $190.25 and its 200-day simple moving average is $190.43.

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

Insider Buying and Selling at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was 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 owns 18,115 shares of the company’s stock, valued at $3,378,990.95. This trade represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by company insiders.

Allstate Company 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.