The Allstate Co. (NYSE:ALL) Stock Position Raised by Avestar Capital LLC

Avestar Capital LLC boosted its holdings in The Allstate Co. (NYSE:ALL) by 19.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,275 shares of the insurance provider’s stock after acquiring an additional 208 shares during the period. Avestar Capital LLC’s holdings in Allstate were worth $247,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ALL. FSA Wealth Management LLC bought a new stake in shares of Allstate in the 3rd quarter worth approximately $26,000. Northwest Investment Counselors LLC acquired a new stake in Allstate in the third quarter worth $28,000. Catalyst Capital Advisors LLC bought a new stake in Allstate in the third quarter valued at $29,000. Peoples Bank KS acquired a new position in shares of Allstate during the fourth quarter valued at $49,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Allstate during the fourth quarter worth about $53,000. Institutional investors own 76.47% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction, the chief financial officer now directly owns 18,115 shares of the company’s stock, valued at $3,378,990.95. This trade represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Allstate Trading Down 2.7 %

Allstate stock opened at $187.53 on Friday. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The firm’s 50 day moving average price is $190.91 and its two-hundred day moving average price is $189.63. The firm has a market cap of $49.66 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. On average, research analysts predict that The Allstate Co. will post 18.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ALL shares. Wells Fargo & Company boosted their target price on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group boosted their price objective on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group raised 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. UBS Group lifted their target price on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.