The Allstate Co. (NYSE:ALL) Holdings Lifted by Principal Securities Inc.

Principal Securities Inc. grew its position in The Allstate Co. (NYSE:ALL) by 12.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,696 shares of the insurance provider’s stock after buying an additional 188 shares during the period. Principal Securities Inc.’s holdings in Allstate were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

ALL has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods upped their price target on shares of Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Barclays reduced their price target on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company upped their price target on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Finally, Piper Sandler increased 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 analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and an average target price of $217.94.

Allstate Stock Down 1.9 %

Shares of NYSE:ALL opened at $185.51 on Friday. 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 $49.12 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.03 and a beta of 0.52. The Allstate Co. has a 52 week low of $153.87 and a 52 week high of $209.88. The firm has a 50 day simple moving average of $190.25 and a 200 day simple moving average of $190.29.

Allstate (NYSE:ALL) last issued 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 net margin of 7.28% and a return on equity of 28.20%. As a group, research analysts expect that The Allstate Co. will post 18.65 earnings per share for the current year.

Insider Activity at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the company’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 transaction, the chief financial officer now owns 18,115 shares in the company, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by insiders.

Allstate 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.