ING Groep NV Takes Position in The Allstate Co. (NYSE:ALL)

ING Groep NV bought a new position in The Allstate Co. (NYSE:ALL) during the fourth quarter, Holdings Channel reports. The firm bought 11,968 shares of the insurance provider’s stock, valued at approximately $2,307,000.

Several other large investors have also added to or reduced their stakes in ALL. Concurrent Investment Advisors LLC raised its stake in shares of Allstate by 1.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 10,723 shares of the insurance provider’s stock worth $2,067,000 after purchasing an additional 139 shares during the last quarter. Advyzon Investment Management LLC purchased a new position in shares of Allstate during the fourth quarter valued at approximately $242,000. Handelsbanken Fonder AB raised its position in Allstate by 3.0% in the 4th quarter. Handelsbanken Fonder AB now owns 58,640 shares of the insurance provider’s stock valued at $11,305,000 after buying an additional 1,683 shares during the last quarter. Ieq Capital LLC lifted its stake in Allstate by 71.9% during the 4th quarter. Ieq Capital LLC now owns 17,048 shares of the insurance provider’s stock valued at $3,287,000 after acquiring an additional 7,133 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in Allstate by 40.4% during the 4th quarter. Private Advisor Group LLC now owns 17,840 shares of the insurance provider’s stock worth $3,439,000 after acquiring an additional 5,130 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Insider Transactions at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction dated 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 sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of 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 research report on Tuesday, February 11th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Wells Fargo & Company increased their price target on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group boosted their price objective on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, UBS Group upped their price objective on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.94.

Allstate Price Performance

Shares of NYSE:ALL opened at $185.51 on Friday. The firm has a market capitalization of $49.12 billion, a PE ratio of 10.92, a P/E/G ratio of 1.03 and a beta of 0.52. 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 $190.25 and a two-hundred day moving average price of $190.29. The Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 EPS 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%. Equities analysts forecast that The Allstate Co. will post 18.65 EPS for the current 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.