Manchester Capital Management LLC Invests $338,000 in The Allstate Co. (NYSE:ALL)

Manchester Capital Management LLC bought a new position in The Allstate Co. (NYSE:ALL) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,755 shares of the insurance provider’s stock, valued at approximately $338,000.

Several other large investors have also added to or reduced their stakes in ALL. Creative Planning boosted its stake in Allstate by 5.2% in the 3rd quarter. Creative Planning now owns 66,823 shares of the insurance provider’s stock worth $12,673,000 after purchasing an additional 3,280 shares during the period. SeaCrest Wealth Management LLC boosted its position in shares of Allstate by 9.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 1,580 shares of the insurance provider’s stock valued at $300,000 after acquiring an additional 131 shares during the last quarter. Fulton Breakefield Broenniman LLC bought a new stake in shares of Allstate during the 3rd quarter valued at about $219,000. SPC Financial Inc. boosted its position in shares of Allstate by 3.6% during the 3rd quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock valued at $297,000 after acquiring an additional 54 shares during the last quarter. Finally, Good Life Advisors LLC boosted its position in shares of Allstate by 9.2% during the 3rd quarter. Good Life Advisors LLC now owns 3,960 shares of the insurance provider’s stock valued at $751,000 after acquiring an additional 334 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Insiders Place Their Bets

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 stock was 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 of the company’s stock, valued at approximately $3,378,990.95. The trade was a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Allstate Trading Down 2.7 %

NYSE ALL opened at $187.53 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. 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 $49.66 billion, a PE ratio of 11.04, a P/E/G ratio of 1.47 and a beta of 0.52. The stock’s 50 day moving average is $191.23 and its 200 day moving average is $189.50.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share 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%. Research analysts forecast that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ALL shares. The Goldman Sachs Group lifted their price target on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group raised their price objective on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Bank of America raised their price objective on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 18th. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Finally, BMO Capital Markets raised their price objective on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, October 18th. One investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.