Leeward Investments LLC MA Reduces Stock Holdings in The Allstate Co. (NYSE:ALL)

Leeward Investments LLC MA trimmed its holdings in shares of The Allstate Co. (NYSE:ALL) by 14.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 100,197 shares of the insurance provider’s stock after selling 17,196 shares during the period. Leeward Investments LLC MA’s holdings in Allstate were worth $19,317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fisher Funds Management LTD purchased a new position in Allstate during the 4th quarter worth $11,177,000. First Horizon Advisors Inc. grew its stake in Allstate by 0.7% during the 4th quarter. First Horizon Advisors Inc. now owns 72,603 shares of the insurance provider’s stock valued at $13,997,000 after purchasing an additional 495 shares during the last quarter. Pinnacle Financial Partners Inc grew its stake in Allstate by 2.1% during the 4th quarter. Pinnacle Financial Partners Inc now owns 15,252 shares of the insurance provider’s stock valued at $2,935,000 after purchasing an additional 317 shares during the last quarter. Sigma Planning Corp grew its stake in Allstate by 5.1% during the 4th quarter. Sigma Planning Corp now owns 4,131 shares of the insurance provider’s stock valued at $797,000 after purchasing an additional 200 shares during the last quarter. Finally, Redmond Asset Management LLC purchased a new stake in Allstate during the 4th quarter valued at about $954,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 completion of the transaction, the chief financial officer now owns 18,115 shares of the company’s stock, 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 can be accessed through this hyperlink. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on ALL. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Morgan Stanley boosted their price target on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. UBS Group boosted their price target on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Piper Sandler boosted their price objective on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Finally, Jefferies Financial Group boosted their price objective on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $217.94.

Allstate Stock Performance

NYSE ALL opened at $185.51 on Friday. The stock has a market capitalization of $49.12 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.03 and a beta of 0.52. The Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average of $190.25 and a 200 day moving average of $190.29.

Allstate (NYSE:ALL) last released its quarterly 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%. Sell-side analysts anticipate that The Allstate Co. will post 18.65 EPS for the current fiscal year.

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.