Global Retirement Partners LLC Has $618,000 Stake in The Allstate Co. (NYSE:ALL)

Global Retirement Partners LLC increased its position in The Allstate Co. (NYSE:ALL) by 19.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,206 shares of the insurance provider’s stock after buying an additional 532 shares during the period. Global Retirement Partners LLC’s holdings in Allstate were worth $618,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Convergence Investment Partners LLC acquired a new position in Allstate in the fourth quarter worth approximately $1,200,000. Atlas Legacy Advisors LLC acquired a new position in Allstate in the fourth quarter worth approximately $3,123,000. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in Allstate by 106.0% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 16,107 shares of the insurance provider’s stock worth $3,105,000 after buying an additional 8,289 shares during the last quarter. Key Financial Inc increased its holdings in Allstate by 24.3% in the fourth quarter. Key Financial Inc now owns 838 shares of the insurance provider’s stock worth $162,000 after buying an additional 164 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings in Allstate by 140.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 10,655 shares of the insurance provider’s stock worth $2,057,000 after buying an additional 6,215 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Down 1.9 %

Shares of ALL opened at $185.51 on Friday. The Allstate Co. has a 52 week low of $153.87 and a 52 week high of $209.88. The firm has a market capitalization of $49.12 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.03 and a beta of 0.52. The company has a 50-day simple moving average of $190.25 and a 200-day simple moving average of $190.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, beating the consensus estimate 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 expect that The Allstate Co. will post 18.65 earnings per share for the current year.

Insider Buying and Selling

In other Allstate 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 of the company’s stock, valued at $3,378,990.95. The trade was a 68.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

ALL has been the topic of a number of analyst reports. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods increased their price target on Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Morgan Stanley boosted their price objective on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. 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. Finally, Piper Sandler boosted their target price on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $217.94.

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.