Ensign Peak Advisors Inc Buys 78,775 Shares of The Allstate Co. (NYSE:ALL)

Ensign Peak Advisors Inc grew its stake in shares of The Allstate Co. (NYSE:ALLGet Rating) by 122.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,132 shares of the insurance provider’s stock after buying an additional 78,775 shares during the period. Ensign Peak Advisors Inc’s holdings in Allstate were worth $16,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in shares of Allstate during the fourth quarter valued at approximately $29,000. Lindbrook Capital LLC grew its holdings in shares of Allstate by 79.1% in the fourth quarter. Lindbrook Capital LLC now owns 335 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 148 shares in the last quarter. Horan Securities Inc. purchased a new position in shares of Allstate in the fourth quarter valued at $40,000. FSB Premier Wealth Management Inc. purchased a new position in shares of Allstate in the fourth quarter valued at $41,000. Finally, Covestor Ltd purchased a new position in shares of Allstate in the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

NYSE:ALL opened at $123.03 on Friday. The Allstate Co. has a twelve month low of $106.11 and a twelve month high of $144.46. The company has a market cap of $33.83 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 2.54 and a beta of 0.82. The stock has a fifty day simple moving average of $134.37 and a 200-day simple moving average of $124.08. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.38.

Allstate (NYSE:ALLGet Rating) last released its earnings results on Wednesday, May 4th. The insurance provider reported $2.58 earnings per share for the quarter, missing the consensus estimate of $2.79 by ($0.21). Allstate had a return on equity of 12.50% and a net margin of 7.20%. The business had revenue of $10.98 billion for the quarter, compared to the consensus estimate of $11.14 billion. During the same quarter last year, the business posted $6.11 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict that The Allstate Co. will post 9.1 EPS for the current fiscal year.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Allstate from a “sell” rating to a “hold” rating and set a $104.00 target price for the company in a report on Thursday, March 10th. UBS Group raised shares of Allstate from a “neutral” rating to a “buy” rating and raised their target price for the company from $126.00 to $149.00 in a report on Monday, February 14th. Piper Sandler cut their target price on shares of Allstate from $150.00 to $147.00 and set an “overweight” rating for the company in a report on Friday, April 22nd. Wells Fargo & Company lifted their price objective on shares of Allstate from $105.00 to $123.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 12th. Finally, StockNews.com started coverage on shares of Allstate in a research note on Thursday, March 31st. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Allstate presently has an average rating of “Hold” and a consensus price target of $142.31.

In related news, CAO John C. Pintozzi sold 3,000 shares of Allstate stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $123.87, for a total value of $371,610.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.77% of the stock is currently owned by company insiders.

Allstate Profile (Get Rating)

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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