Deseret Mutual Benefit Administrators Trims Holdings in The Allstate Co. (NYSE:ALL)

Deseret Mutual Benefit Administrators reduced its stake in The Allstate Co. (NYSE:ALL) by 5.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 911 shares of the insurance provider’s stock after selling 57 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Allstate were worth $176,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FSA Wealth Management LLC purchased a new position in shares of Allstate during the third quarter worth $26,000. Catalyst Capital Advisors LLC acquired a new position in Allstate during the 3rd quarter worth about $29,000. Peoples Bank KS purchased a new position in Allstate during the 4th quarter valued at about $49,000. Stonebridge Financial Group LLC acquired a new position in Allstate in the 4th quarter valued at about $53,000. Finally, Golden State Wealth Management LLC purchased a new stake in Allstate during the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ALL. Piper Sandler raised their price objective on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Barclays decreased their price target on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. Jefferies Financial Group upped their price objective on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group lifted their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Morgan Stanley upped their price target on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $217.94.

Insider Transactions at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the firm’s 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 transaction, the chief financial officer now owns 18,115 shares in the company, valued at $3,378,990.95. This trade represents a 68.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Allstate Stock Down 1.9 %

ALL stock opened at $185.51 on Friday. The stock has a market cap of $49.12 billion, a P/E ratio of 10.92, a PEG ratio of 1.05 and a beta of 0.52. 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 Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88. The company’s 50 day moving average is $190.25 and its two-hundred day moving average is $190.15.

Allstate (NYSE:ALL) last announced its quarterly 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%. Research analysts expect that The Allstate Co. will post 18.65 earnings per share 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.