The Allstate Co. (NYSE:ALL) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in shares of The Allstate Co. (NYSE:ALL) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 508,664 shares of the insurance provider’s stock after purchasing an additional 48,382 shares during the quarter. Los Angeles Capital Management LLC owned about 0.19% of Allstate worth $98,065,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. FSA Wealth Management LLC acquired a new position in Allstate in the third quarter valued at $26,000. Catalyst Capital Advisors LLC acquired a new position in Allstate in the third quarter valued at $29,000. Peoples Bank KS acquired a new position in Allstate in the fourth quarter valued at $49,000. Stonebridge Financial Group LLC acquired a new position in Allstate in the fourth quarter valued at $53,000. Finally, Golden State Wealth Management LLC acquired a new position in Allstate in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Trading Up 1.6 %

Shares of NYSE ALL opened at $188.60 on Tuesday. The Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88. 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’s fifty day moving average is $190.12 and its 200-day moving average is $190.56. The stock has a market cap of $49.94 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 1.01 and a beta of 0.52.

Allstate (NYSE:ALL) last announced its earnings results 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 research analysts predict that The Allstate Co. will post 18.74 EPS for the current year.

Insider Activity at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 18,115 shares of the company’s stock, valued at $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ALL has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Wells Fargo & Company boosted their price objective on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note 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 note on Friday, November 15th. Piper Sandler boosted their price objective on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Finally, Barclays reduced their price objective on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $217.94.

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.