Key Financial Inc Boosts Stock Holdings in The Allstate Co. (NYSE:ALL)

Key Financial Inc boosted its stake in shares of The Allstate Co. (NYSE:ALL) by 24.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 838 shares of the insurance provider’s stock after purchasing an additional 164 shares during the period. Key Financial Inc’s holdings in Allstate were worth $162,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ALL. FSA Wealth Management LLC acquired a new stake in shares of Allstate in the third quarter worth $26,000. Northwest Investment Counselors LLC acquired a new stake in Allstate during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new stake in Allstate during the 3rd quarter valued at $29,000. Peoples Bank KS acquired a new stake in Allstate during the 4th quarter valued at $49,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Allstate during the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insider Transactions at Allstate

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. UBS Group raised 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 raised 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. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Finally, 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 report on Monday, January 6th. One research 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.94.

Allstate Price Performance

NYSE ALL opened at $188.66 on Wednesday. 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 stock has a market capitalization of $49.96 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The company has a 50 day moving average price of $190.55 and a two-hundred day moving average price of $190.03. The Allstate Co. has a 12-month low of $153.87 and a 12-month high of $209.88.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) 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 analysts predict that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

About Allstate

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.