BankPlus Trust Department Acquires New Holdings in The Allstate Co. (NYSE:ALL)

BankPlus Trust Department acquired a new stake in shares of The Allstate Co. (NYSE:ALL) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,292 shares of the insurance provider’s stock, valued at approximately $249,000.

Other institutional investors also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in Allstate during the third quarter valued at about $26,000. Catalyst Capital Advisors LLC bought a new stake in Allstate during the third quarter valued at about $29,000. Peoples Bank KS bought a new stake in Allstate during the fourth quarter valued at about $49,000. Stonebridge Financial Group LLC bought a new stake in Allstate during the fourth quarter valued at about $53,000. Finally, Golden State Wealth Management LLC bought a new stake in Allstate during the fourth quarter valued at about $57,000. Institutional investors own 76.47% of the company’s stock.

Allstate Trading Up 1.6 %

Shares of NYSE:ALL opened at $188.60 on Tuesday. The Allstate Co. has a 52-week low of $153.87 and a 52-week high of $209.88. The stock has a market cap of $49.94 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.01 and a beta of 0.52. 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 business has a 50-day moving average price of $190.12 and a 200-day moving average price of $190.56.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) 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%. Equities analysts predict that The Allstate Co. will post 18.74 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on ALL shares. Piper Sandler increased their price target on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group increased their price target on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Barclays decreased their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Finally, Morgan Stanley increased their price target on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and an average target price of $217.94.

Insider Activity at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the transaction, the chief financial officer now owns 18,115 shares in the company, valued at $3,378,990.95. This trade represents a 68.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by company insiders.

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.