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

Private Advisor Group LLC lifted its position in shares of The Allstate Co. (NYSE:ALL) by 40.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,840 shares of the insurance provider’s stock after buying an additional 5,130 shares during the quarter. Private Advisor Group LLC’s holdings in Allstate were worth $3,439,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TimesSquare Capital Management LLC boosted its holdings in shares of Allstate by 3.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 425,978 shares of the insurance provider’s stock valued at $82,124,000 after purchasing an additional 15,650 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Allstate by 19.9% in the 4th quarter. Global Retirement Partners LLC now owns 3,206 shares of the insurance provider’s stock worth $618,000 after buying an additional 532 shares during the period. Convergence Investment Partners LLC acquired a new position in Allstate in the fourth quarter valued at $1,200,000. Atlas Legacy Advisors LLC purchased a new stake in Allstate during the fourth quarter valued at about $3,123,000. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its stake in Allstate by 106.0% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 16,107 shares of the insurance provider’s stock worth $3,105,000 after acquiring an additional 8,289 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ALL. Morgan Stanley raised their price target on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Piper Sandler lifted their target price on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. UBS Group upped their price target 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. Keefe, Bruyette & Woods raised their price objective on Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, Barclays lowered 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and an average price target of $217.94.

Insider Buying and Selling at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the company’s stock in a transaction on 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 directly owns 18,115 shares of the company’s stock, valued at approximately $3,378,990.95. The trade was a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

Allstate Price Performance

Shares of ALL opened at $185.51 on Monday. 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 $190.43. The Allstate Co. has a 52 week low of $153.87 and a 52 week high of $209.88. The firm has a market cap of $49.12 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.03 and a beta of 0.52.

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 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%. As a group, analysts forecast that The Allstate Co. will post 18.65 EPS for the current year.

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.