BankPlus Trust Department Acquires New Position in The Allstate Co. (NYSE:ALL)

BankPlus Trust Department purchased a new position in The Allstate Co. (NYSE:ALL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,292 shares of the insurance provider’s stock, valued at approximately $249,000.

A number of other large investors also recently added to or reduced their stakes in ALL. Strategic Financial Concepts LLC lifted its holdings in Allstate by 15,062.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,119,129 shares of the insurance provider’s stock worth $215,757,000 after purchasing an additional 1,111,748 shares in the last quarter. TimesSquare Capital Management LLC purchased a new position in Allstate in the 3rd quarter worth approximately $77,819,000. Los Angeles Capital Management LLC lifted its holdings in Allstate by 688.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider’s stock worth $87,292,000 after purchasing an additional 401,901 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Allstate by 291.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 356,065 shares of the insurance provider’s stock worth $67,528,000 after purchasing an additional 265,213 shares in the last quarter. Finally, Prana Capital Management LP lifted its holdings in Allstate by 539.9% in the 3rd quarter. Prana Capital Management LP now owns 273,655 shares of the insurance provider’s stock worth $51,899,000 after purchasing an additional 230,893 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ALL. Keefe, Bruyette & Woods boosted their price target on Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Barclays decreased their price objective on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company upped their price objective on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Finally, Piper Sandler upped their price objective on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $217.94.

Allstate Stock Performance

Shares of Allstate stock opened at $188.60 on Tuesday. The stock’s fifty day moving average is $190.12 and its two-hundred day moving average is $190.56. The company has a market capitalization of $49.94 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.01 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 Allstate Co. has a 52 week low of $153.87 and a 52 week high of $209.88.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, beating 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, analysts expect that The Allstate Co. will post 18.74 earnings per share for the current year.

Insider Buying and Selling at Allstate

In other Allstate 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 value of $7,480,226.06. Following the transaction, the chief financial officer now owns 18,115 shares of the company’s stock, valued at $3,378,990.95. This represents a 68.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

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.