The Allstate Co. (NYSE:ALL) Shares Sold by Rothschild Investment LLC

Rothschild Investment LLC lessened its stake in shares of The Allstate Co. (NYSE:ALL) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,321 shares of the insurance provider’s stock after selling 498 shares during the period. Rothschild Investment LLC’s holdings in Allstate were worth $4,882,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ALL. State Street Corp raised its stake in Allstate by 1.1% during the 3rd quarter. State Street Corp now owns 11,496,306 shares of the insurance provider’s stock valued at $2,190,758,000 after purchasing an additional 126,922 shares during the period. Geode Capital Management LLC raised its stake in Allstate by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock valued at $1,178,164,000 after purchasing an additional 74,537 shares during the period. Strategic Financial Concepts LLC raised its stake in Allstate by 15,062.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,119,129 shares of the insurance provider’s stock valued at $215,757,000 after purchasing an additional 1,111,748 shares during the period. FMR LLC raised its stake in Allstate by 11.8% during the 3rd quarter. FMR LLC now owns 933,352 shares of the insurance provider’s stock valued at $177,010,000 after purchasing an additional 98,179 shares during the period. Finally, Swiss National Bank raised its stake in Allstate by 0.3% during the 3rd quarter. Swiss National Bank now owns 783,300 shares of the insurance provider’s stock valued at $148,553,000 after purchasing an additional 2,400 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Trading Down 1.9 %

Shares of NYSE:ALL opened at $185.51 on Monday. The stock has a market capitalization of $49.12 billion, a PE ratio of 10.92, a P/E/G ratio of 1.03 and a beta of 0.52. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The firm has a fifty day moving average price of $190.25 and a 200 day moving average price of $190.43. 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 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 net margin of 7.28% and a return on equity of 28.20%. Analysts expect that The Allstate Co. will post 18.65 EPS for the current fiscal year.

Insider Buying and Selling at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the completion of the sale, the chief financial officer now directly owns 18,115 shares in the company, valued at $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their target price on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Barclays dropped 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. Finally, Jefferies Financial Group upped 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 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 given a strong buy rating to the company. According to data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average target price of $217.94.

About Allstate

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.