Union Bancaire Privee UBP SA Takes Position in The Allstate Co. (NYSE:ALL)

Union Bancaire Privee UBP SA acquired a new stake in shares of The Allstate Co. (NYSE:ALL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,000 shares of the insurance provider’s stock, valued at approximately $372,000.

A number of other large investors have also recently made changes to their positions in the stock. Allworth Financial LP boosted its holdings in Allstate by 1.5% in the third quarter. Allworth Financial LP now owns 14,584 shares of the insurance provider’s stock valued at $2,766,000 after purchasing an additional 213 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Allstate by 24.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,397 shares of the insurance provider’s stock valued at $3,089,000 after purchasing an additional 3,200 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in Allstate by 15.5% in the third quarter. Arkadios Wealth Advisors now owns 5,228 shares of the insurance provider’s stock valued at $991,000 after purchasing an additional 701 shares during the last quarter. PFG Investments LLC boosted its holdings in Allstate by 4.1% in the third quarter. PFG Investments LLC now owns 5,805 shares of the insurance provider’s stock valued at $1,101,000 after purchasing an additional 228 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Allstate by 39.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 97,170 shares of the insurance provider’s stock valued at $18,428,000 after purchasing an additional 27,253 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company upped their price target on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. UBS Group upped 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. Piper Sandler upped their price target on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Barclays decreased their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. Finally, Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. One investment 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 stock. According to MarketBeat, Allstate presently has an average rating of “Moderate Buy” and an average price target of $217.94.

Allstate Stock Up 1.6 %

ALL opened at $188.60 on Tuesday. The Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88. 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 company has a 50-day moving average price of $190.12 and a 200 day moving average price of $190.56. The company has a market cap of $49.94 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.03 and a beta of 0.52.

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 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%. Sell-side analysts expect that The Allstate Co. will post 18.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of the sale, the chief financial officer now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

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.