1,056 Shares in The Allstate Co. (NYSE:ALL) Purchased by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. bought a new stake in shares of The Allstate Co. (NYSE:ALL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,056 shares of the insurance provider’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FSA Wealth Management LLC acquired a new stake in shares of Allstate in the third quarter worth $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate in the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new stake in Allstate in the 3rd quarter valued at $29,000. Peoples Bank KS bought a new position in shares of Allstate during the 4th quarter worth about $49,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Allstate during the 4th quarter worth about $53,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price target on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Piper Sandler upped their target price on 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 on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group lifted their target price on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $217.94.

Allstate Trading Down 2.7 %

Shares of ALL opened at $187.53 on Monday. 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 company has a market cap of $49.66 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.47 and a beta of 0.52. The stock has a fifty day moving average price of $190.91 and a two-hundred day moving average price of $189.87. The Allstate Co. has a 52-week low of $153.87 and a 52-week high of $209.88.

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

Insiders Place Their Bets

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 shares were sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of the sale, the chief financial officer now owns 18,115 shares of the company’s stock, valued at $3,378,990.95. This trade 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 at the SEC website. Insiders own 1.80% of the company’s stock.

Allstate Company 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.