Sentry Investment Management LLC Sells 159 Shares of The Allstate Co. (NYSE:ALL)

Sentry Investment Management LLC lessened its stake in The Allstate Co. (NYSE:ALL) by 14.0% during the fourth quarter, HoldingsChannel reports. The firm owned 979 shares of the insurance provider’s stock after selling 159 shares during the period. Sentry Investment Management LLC’s holdings in Allstate were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

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

Allstate Trading Up 1.0 %

Shares of Allstate stock opened at $190.66 on Wednesday. The company has a 50 day simple moving average of $190.06 and a two-hundred day simple moving average of $190.70. The firm has a market cap of $50.49 billion, a PE ratio of 11.22, a PEG ratio of 1.01 and a beta of 0.52. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Insider Transactions at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of Allstate stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $3,378,990.95. This trade represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their target price 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 Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods raised their target price on Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus 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.