The Allstate Co. (NYSE:ALL) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp lessened its stake in shares of The Allstate Co. (NYSE:ALL) by 0.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,600 shares of the insurance provider’s stock after selling 200 shares during the period. Alberta Investment Management Corp’s holdings in Allstate were worth $4,550,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of the company’s 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ALL shares. The Goldman Sachs Group increased their target price on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. UBS Group raised their target price 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. Morgan Stanley upped their price target on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group upped their price target on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned 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 an average rating of “Moderate Buy” and an average price target of $217.94.

Allstate Stock Up 1.4 %

Shares of Allstate stock opened at $191.67 on Thursday. The Allstate Co. has a 1-year low of $153.87 and a 1-year high of $209.88. The company has a market capitalization of $50.76 billion, a PE ratio of 11.28, a P/E/G ratio of 1.02 and a beta of 0.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The business has a 50-day moving average of $190.52 and a 200-day moving average of $190.04.

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 the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. As a group, equities analysts forecast that The Allstate Co. will post 18.65 EPS for the current fiscal 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.