Sigma Planning Corp Purchases 200 Shares of The Allstate Co. (NYSE:ALL)

Sigma Planning Corp grew its holdings in The Allstate Co. (NYSE:ALL) by 5.1% in the fourth quarter, HoldingsChannel reports. The fund owned 4,131 shares of the insurance provider’s stock after buying an additional 200 shares during the period. Sigma Planning Corp’s holdings in Allstate were worth $797,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in Allstate by 5.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock valued at $109,605,000 after purchasing an additional 28,584 shares during the period. Ameritas Advisory Services LLC boosted its stake in shares of Allstate by 117.3% in the fourth quarter. Ameritas Advisory Services LLC now owns 4,896 shares of the insurance provider’s stock valued at $944,000 after buying an additional 2,643 shares during the period. Hennessy Advisors Inc. grew its position in Allstate by 6.9% during the fourth quarter. Hennessy Advisors Inc. now owns 58,600 shares of the insurance provider’s stock worth $11,297,000 after buying an additional 3,800 shares in the last quarter. Artemis Investment Management LLP grew its position in Allstate by 33.3% during the fourth quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider’s stock worth $77,413,000 after buying an additional 100,311 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Allstate by 38.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock worth $2,067,000 after acquiring an additional 2,888 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALL has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their target price on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Morgan Stanley upped their price objective on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods raised their target price on shares of Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Piper Sandler increased their price target on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Finally, 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $217.94.

Allstate Trading Up 1.0 %

Shares of ALL stock opened at $190.66 on Wednesday. The Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88. The stock’s fifty day simple moving average is $190.06 and its 200 day simple moving average is $190.70. 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 firm has a market capitalization of $50.49 billion, a P/E ratio of 11.22, a P/E/G ratio of 1.01 and a beta of 0.52.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) 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%. As a group, sell-side analysts predict that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jesse E. Merten sold 40,102 shares of Allstate stock in a transaction on Monday, February 10th. The shares were 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 approximately $3,378,990.95. The trade was a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

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.