Sigma Planning Corp Purchases 200 Shares of The Allstate Co. (NYSE:ALL)

Sigma Planning Corp grew its holdings in The Allstate Co. (NYSE:ALL) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,131 shares of the insurance provider’s stock after purchasing an additional 200 shares during the quarter. Sigma Planning Corp’s holdings in Allstate were worth $797,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ALL. FSA Wealth Management LLC bought a new position in Allstate in the third quarter valued at approximately $26,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate in the 3rd quarter valued at $29,000. Peoples Bank KS bought a new position in shares of Allstate in the 4th quarter worth $49,000. Stonebridge Financial Group LLC acquired a new stake in shares of Allstate during the fourth quarter worth $53,000. Finally, Golden State Wealth Management LLC bought a new stake in Allstate in the fourth quarter valued at about $57,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Up 1.0 %

ALL stock opened at $190.66 on Wednesday. The business has a 50-day moving average of $190.06 and a 200-day moving average of $190.70. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88. The stock has a market capitalization of $50.49 billion, a P/E ratio of 11.22, a P/E/G ratio of 1.01 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.

Allstate (NYSE:ALL) last issued 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%. On average, sell-side analysts anticipate that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group boosted their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Morgan Stanley increased their target price on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Barclays decreased their price target 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. Finally, Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $217.94.

Insider Buying and Selling at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the 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 owns 18,115 shares in the company, valued at $3,378,990.95. This trade represents a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.