The Allstate Co. (NYSE:ALL) Shares Sold by White Pine Capital LLC

White Pine Capital LLC trimmed its position in shares of The Allstate Co. (NYSE:ALL) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,536 shares of the insurance provider’s stock after selling 100 shares during the period. White Pine Capital LLC’s holdings in Allstate were worth $1,838,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ALL. Vontobel Holding Ltd. lifted its position in shares of Allstate by 3.4% in the 4th quarter. Vontobel Holding Ltd. now owns 43,131 shares of the insurance provider’s stock worth $8,315,000 after buying an additional 1,438 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Allstate by 1.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 106,580 shares of the insurance provider’s stock valued at $20,655,000 after purchasing an additional 1,237 shares during the last quarter. Avestar Capital LLC lifted its position in Allstate by 19.5% in the 4th quarter. Avestar Capital LLC now owns 1,275 shares of the insurance provider’s stock valued at $247,000 after purchasing an additional 208 shares during the last quarter. MGB Wealth Management LLC bought a new stake in Allstate in the 4th quarter valued at about $269,000. Finally, Leavell Investment Management Inc. lifted its position in Allstate by 17.2% in the 4th quarter. Leavell Investment Management Inc. now owns 1,837 shares of the insurance provider’s stock valued at $356,000 after purchasing an additional 269 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Jesse E. Merten sold 40,102 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $186.53, for a total value of $7,480,226.06. Following the sale, the chief financial officer now owns 18,115 shares in the company, valued at approximately $3,378,990.95. The trade was a 68.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by corporate insiders.

Allstate Trading Up 1.9 %

Shares of ALL stock opened at $192.97 on Friday. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The firm’s fifty day simple moving average is $191.46 and its 200 day simple moving average is $189.48. The firm has a market capitalization of $51.10 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 1.47 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.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (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 predict that The Allstate Co. will post 18.64 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on ALL shares. UBS Group raised their target price on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Morgan Stanley raised 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. Bank of America raised their target price on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 18th. 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 note on Tuesday. Finally, 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 note on Monday, January 6th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $217.94.

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.