The Allstate Co. (NYSE:ALL) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in The Allstate Co. (NYSE:ALL) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 327,320 shares of the insurance provider’s stock after acquiring an additional 13,566 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Allstate worth $63,104,000 as of its most recent SEC filing.

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

Allstate Trading Up 1.4 %

Shares of ALL 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 debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The business’s fifty day moving average price is $190.52 and its 200 day moving average price is $190.04. The firm 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.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%. As a group, sell-side analysts forecast that The Allstate Co. will post 18.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on ALL. Wells Fargo & Company raised 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. Piper Sandler raised their price target on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods raised their target price on shares of Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley upped their price target on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Allstate has an average rating of “Moderate Buy” and an average price target of $217.94.

Insiders Place Their Bets

In related news, CFO Jesse E. Merten sold 40,102 shares of Allstate stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 18,115 shares in the company, valued at $3,378,990.95. The trade was a 68.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by company 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.