Asset Management One Co. Ltd. Grows Stock Position in The Allstate Co. (NYSE:ALL)

Asset Management One Co. Ltd. boosted its stake in shares of The Allstate Co. (NYSE:ALL) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,580 shares of the insurance provider’s stock after acquiring an additional 1,237 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Allstate were worth $20,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. FSA Wealth Management LLC purchased a new stake in shares of Allstate during the third quarter valued at approximately $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC purchased a new stake in Allstate during the 3rd quarter valued at $29,000. Peoples Bank KS bought a new stake in Allstate in the 4th quarter worth $49,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Allstate in the fourth quarter valued at about $53,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Trading Down 2.7 %

NYSE ALL opened at $187.53 on Friday. 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. The stock’s fifty day moving average price is $190.91 and its 200-day moving average price is $189.63. The stock has a market cap of $49.66 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.47 and a beta of 0.52.

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 net margin of 7.28% and a return on equity of 28.20%. As a group, equities analysts forecast that The Allstate Co. will post 18.64 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on ALL shares. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Wells Fargo & Company upped their target price on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Jefferies Financial Group boosted their price objective on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Morgan Stanley lifted their target price on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, UBS Group increased their price target on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Allstate has an average rating of “Moderate Buy” and an average target price of $217.94.

Insider Activity at Allstate

In other 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 transaction of $7,480,226.06. Following the transaction, 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 the SEC website. 1.80% of the stock is owned by insiders.

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.