C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Trims Holdings in The Allstate Co. (NYSE:ALL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors reduced its holdings in shares of The Allstate Co. (NYSE:ALL) by 5.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,586 shares of the insurance provider’s stock after selling 91 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Allstate were worth $306,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ALL. FSA Wealth Management LLC acquired a new stake in Allstate during the 3rd quarter worth approximately $26,000. Northwest Investment Counselors LLC acquired a new position in Allstate in the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC purchased a new position in Allstate during the 3rd quarter worth $29,000. Peoples Bank KS acquired a new stake in shares of Allstate in the 4th quarter worth $49,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Allstate in the fourth quarter valued at about $53,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALL has been the topic of a number of recent analyst reports. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Piper Sandler lifted their price target on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Morgan Stanley upped their price target on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. UBS Group raised their price target on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday. 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $217.94.

Allstate Price Performance

Allstate stock opened at $192.97 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The company has a market cap of $51.10 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.47 and a beta of 0.52. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The firm has a 50 day moving average price of $191.46 and a 200 day moving average price of $189.48.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that The Allstate Co. will post 18.64 earnings per share for the current year.

Insider Activity at Allstate

In related 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by 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.