Los Angeles Capital Management LLC Purchases 48,382 Shares of The Allstate Co. (NYSE:ALL)

Los Angeles Capital Management LLC lifted its stake in The Allstate Co. (NYSE:ALL) by 10.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 508,664 shares of the insurance provider’s stock after buying an additional 48,382 shares during the period. Los Angeles Capital Management LLC’s holdings in Allstate were worth $98,065,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. FSA Wealth Management LLC purchased a new position in Allstate during the 3rd quarter valued at about $26,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate in the 3rd quarter worth approximately $29,000. Peoples Bank KS bought a new stake in shares of Allstate in the 4th quarter worth approximately $49,000. Stonebridge Financial Group LLC bought a new position in Allstate in the 4th quarter valued at approximately $53,000. Finally, Golden State Wealth Management LLC bought a new position in Allstate in the 4th quarter valued at approximately $57,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group boosted their target price on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Piper Sandler increased their price target on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. UBS Group increased their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. Keefe, Bruyette & Woods increased their price target on shares of Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, Morgan Stanley increased their price target on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $217.94.

Insider Activity

In related news, CFO Jesse E. Merten sold 40,102 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 18,115 shares of the company’s stock, 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 SEC, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Allstate Stock Up 1.6 %

Shares of NYSE:ALL opened at $188.60 on Tuesday. 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 company 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 firm’s 50-day simple moving average is $190.12 and its 200-day simple moving average is $190.56. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping 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, equities research analysts predict that The Allstate Co. will post 18.74 earnings per share for the current year.

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.