Capital Advisory Group Advisory Services LLC Raises Stock Holdings in The Allstate Co. (NYSE:ALL)

Capital Advisory Group Advisory Services LLC boosted its holdings in The Allstate Co. (NYSE:ALL) by 4.9% during the 4th quarter, Holdings Channel reports. The firm owned 6,059 shares of the insurance provider’s stock after acquiring an additional 285 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Allstate were worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ALL. Lake Street Advisors Group LLC raised its stake in shares of 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 acquiring an additional 54 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in Allstate by 1.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock valued at $893,000 after purchasing an additional 59 shares during the last quarter. Carmichael Hill & Associates Inc. lifted its holdings in Allstate by 15.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock worth $87,000 after buying an additional 60 shares during the period. Apella Capital LLC grew its position in shares of Allstate by 1.9% in the 4th quarter. Apella Capital LLC now owns 3,231 shares of the insurance provider’s stock worth $623,000 after buying an additional 60 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of Allstate by 4.9% during the third quarter. Avior Wealth Management LLC now owns 1,329 shares of the insurance provider’s stock valued at $252,000 after buying an additional 62 shares during the period. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of ALL opened at $189.37 on Friday. The Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88. The company has a market capitalization of $50.15 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 1.03 and a beta of 0.52. The firm has a 50 day moving average of $190.46 and a 200 day moving average of $190.04. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate that The Allstate Co. will post 18.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of Allstate 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 completion of the sale, the chief financial officer now 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. UBS Group raised their price objective on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Jefferies Financial Group upped their target price on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company lifted their price target on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods increased their price objective on Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.94.

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.