The Allstate Co. (NYSE:ALL) Shares Bought by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC increased its position in The Allstate Co. (NYSE:ALL) by 37.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,841 shares of the insurance provider’s stock after acquiring an additional 2,417 shares during the period. Transcend Capital Advisors LLC’s holdings in Allstate were worth $1,704,000 as of its most recent SEC filing.

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

Allstate Trading Down 1.9 %

Shares of ALL opened at $185.51 on Friday. The Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88. The firm has a market capitalization of $49.12 billion, a P/E ratio of 10.92, a price-to-earnings-growth 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 stock’s fifty day simple moving average is $190.25 and its 200 day simple moving average is $190.15.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ALL shares. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods upped their price objective on Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Piper Sandler lifted their price objective on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Wells Fargo & Company upped their target price on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Finally, Jefferies Financial Group raised their price target on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.94.

Insider Buying and Selling at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the business’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 directly owns 18,115 shares of the company’s stock, valued at approximately $3,378,990.95. The trade was a 68.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

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.