Wealth Alliance Sells 180 Shares of The Allstate Co. (NYSE:ALL)

Wealth Alliance reduced its position in shares of The Allstate Co. (NYSE:ALL) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,858 shares of the insurance provider’s stock after selling 180 shares during the period. Wealth Alliance’s holdings in Allstate were worth $551,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ALL. Sequoia Financial Advisors LLC lifted its position in shares of Allstate by 3.9% during the third quarter. Sequoia Financial Advisors LLC now owns 8,009 shares of the insurance provider’s stock valued at $1,520,000 after purchasing an additional 303 shares in the last quarter. Signaturefd LLC raised its position in Allstate by 2.6% in the third quarter. Signaturefd LLC now owns 4,440 shares of the insurance provider’s stock worth $842,000 after acquiring an additional 111 shares during the period. Eastern Bank raised its position in Allstate by 39.6% in the third quarter. Eastern Bank now owns 4,142 shares of the insurance provider’s stock worth $786,000 after acquiring an additional 1,176 shares during the period. Waldron Private Wealth LLC bought a new stake in Allstate in the third quarter worth about $212,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Allstate in the third quarter worth about $285,000. 76.47% of the stock is owned by institutional investors.

Insider Buying and Selling at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of Allstate stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the completion of the sale, 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 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on ALL shares. Keefe, Bruyette & Woods lifted their price objective 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. Barclays lowered their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group lifted their price objective on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Morgan Stanley lifted their price objective 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. Finally, Wells Fargo & Company lifted their target price on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $217.94.

Allstate Price Performance

Shares of NYSE:ALL opened at $189.37 on Friday. The company has a 50 day moving average of $190.46 and a 200 day moving average of $190.04. The stock has a market cap of $50.15 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.03 and a beta of 0.52. The Allstate Co. has a 12 month low of $153.87 and a 12 month high of $209.88. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42.

Allstate (NYSE:ALL) last issued 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 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.

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.