First Horizon Advisors Inc. Boosts Position in The Allstate Co. (NYSE:ALL)

First Horizon Advisors Inc. boosted its position in The Allstate Co. (NYSE:ALL) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,603 shares of the insurance provider’s stock after purchasing an additional 495 shares during the period. First Horizon Advisors Inc.’s holdings in Allstate were worth $13,997,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Lake Street Advisors Group LLC increased its holdings in Allstate by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock valued at $596,000 after buying an additional 54 shares during the last quarter. Joel Isaacson & Co. LLC bought a new stake in shares of Allstate during the 3rd quarter valued at $211,000. Country Club Bank purchased a new stake in shares of Allstate in the 3rd quarter worth $217,000. Convergence Financial LLC raised its holdings in Allstate by 33.8% in the 3rd quarter. Convergence Financial LLC now owns 8,722 shares of the insurance provider’s stock worth $1,654,000 after purchasing an additional 2,204 shares during the period. Finally, Mayfair Advisory Group LLC lifted its position in Allstate by 22.4% during the third quarter. Mayfair Advisory Group LLC now owns 1,746 shares of the insurance provider’s stock valued at $333,000 after purchasing an additional 320 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on ALL. Barclays reduced their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. Wells Fargo & Company increased their target price on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. UBS Group lifted their price target on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Finally, Piper Sandler lifted their target price 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. One 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $217.94.

Insider Activity at Allstate

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

Allstate Trading Down 1.9 %

Shares of ALL stock opened at $185.51 on Friday. 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 has a market capitalization of $49.12 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 1.03 and a beta of 0.52. The Allstate Co. has a 12-month low of $153.87 and a 12-month high of $209.88. The stock’s 50-day moving average price is $190.25 and its 200-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 (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%. Equities research analysts predict that The Allstate Co. will post 18.65 EPS for the current fiscal year.

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.