Alexander Randolph Advisory Inc. Has $3.80 Million Stake in The Allstate Co. (NYSE:ALL)

Alexander Randolph Advisory Inc. trimmed its stake in The Allstate Co. (NYSE:ALL) by 3.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 19,713 shares of the insurance provider’s stock after selling 600 shares during the quarter. Allstate makes up about 3.5% of Alexander Randolph Advisory Inc.’s investment portfolio, making the stock its 9th largest holding. Alexander Randolph Advisory Inc.’s holdings in Allstate were worth $3,800,000 at the end of the most recent reporting period.

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

Insider Activity at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the business’s 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 sale, the chief financial officer now directly owns 18,115 shares of the company’s stock, valued at $3,378,990.95. The trade was a 68.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Allstate Trading Down 1.9 %

Shares of NYSE ALL opened at $185.51 on Friday. 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 Allstate Co. has a 12 month low of $153.87 and a 12 month high of $209.88. The company has a market cap of $49.12 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 1.03 and a beta of 0.52. The business has a fifty day simple moving average of $190.25 and a 200-day simple moving average of $190.29.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%. Sell-side analysts predict that The Allstate Co. will post 18.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ALL. UBS Group boosted their price target on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Wells Fargo & Company upped their price objective on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Piper Sandler raised their target price on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Finally, Barclays dropped their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average target price of $217.94.

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.