5,900 Shares in The Allstate Co. (NYSE:ALL) Acquired by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC bought a new position in shares of The Allstate Co. (NYSE:ALL) during the fourth quarter, Holdings Channel.com reports. The fund bought 5,900 shares of the insurance provider’s stock, valued at approximately $1,137,000.

Other institutional investors have also made changes to their positions in the company. Strategic Financial Concepts LLC grew its holdings in Allstate by 15,062.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,119,129 shares of the insurance provider’s stock valued at $215,757,000 after buying an additional 1,111,748 shares in the last quarter. Pathway Financial Advisers LLC grew its holdings in Allstate by 18,472.5% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock valued at $199,642,000 after buying an additional 1,047,019 shares in the last quarter. TimesSquare Capital Management LLC acquired a new position in Allstate in the 3rd quarter valued at $77,819,000. Los Angeles Capital Management LLC grew its holdings in Allstate by 688.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider’s stock valued at $87,292,000 after buying an additional 401,901 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Allstate by 291.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 356,065 shares of the insurance provider’s stock valued at $67,528,000 after buying an additional 265,213 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALL has been the topic of a number of research reports. Piper Sandler upped their price objective on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. 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 research report on Tuesday, January 14th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Morgan Stanley upped their target price on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, UBS Group upped their target price on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and an average price target of $217.94.

Insider Buying and Selling

In related news, CFO Jesse E. Merten sold 40,102 shares of Allstate 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 sale, the chief financial officer now directly owns 18,115 shares in the company, valued at approximately $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 can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

Allstate Trading Down 1.2 %

Shares of Allstate stock opened at $189.37 on Friday. The Allstate Co. has a 52 week low of $153.87 and a 52 week high of $209.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The stock has a 50 day moving average price of $190.46 and a two-hundred day moving average price of $190.04. The stock has a market capitalization of $50.15 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 1.03 and a beta of 0.52.

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

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.