Ieq Capital LLC Grows Holdings in The Allstate Co. (NYSE:ALL)

Ieq Capital LLC boosted its position in The Allstate Co. (NYSE:ALL) by 71.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,048 shares of the insurance provider’s stock after acquiring an additional 7,133 shares during the quarter. Ieq Capital LLC’s holdings in Allstate were worth $3,287,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALL. Private Advisor Group LLC boosted its holdings in Allstate by 40.4% in the fourth quarter. Private Advisor Group LLC now owns 17,840 shares of the insurance provider’s stock valued at $3,439,000 after purchasing an additional 5,130 shares during the last quarter. TimesSquare Capital Management LLC raised its position in shares of Allstate by 3.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 425,978 shares of the insurance provider’s stock valued at $82,124,000 after purchasing an additional 15,650 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Allstate by 19.9% in the 4th quarter. Global Retirement Partners LLC now owns 3,206 shares of the insurance provider’s stock valued at $618,000 after purchasing an additional 532 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in shares of Allstate during the 4th quarter valued at approximately $1,200,000. Finally, Atlas Legacy Advisors LLC acquired a new stake in shares of Allstate during the fourth quarter worth approximately $3,123,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Price Performance

Shares of NYSE ALL opened at $185.51 on Friday. 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 firm has a market capitalization of $49.12 billion, a PE ratio of 10.92, a P/E/G ratio of 1.03 and a beta of 0.52. The Allstate Co. has a 1-year low of $153.87 and a 1-year high of $209.88. The business’s fifty day moving average price is $190.25 and its two-hundred day moving average price is $190.29.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, topping 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%. On average, research analysts expect that The Allstate Co. will post 18.65 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Barclays reduced their price target 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 boosted their price objective on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Morgan Stanley increased their target price on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $217.94.

Insider Buying and Selling at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is 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.