Atria Wealth Solutions Inc. Grows Stock Holdings in The Allstate Co. (NYSE:ALL)

Atria Wealth Solutions Inc. raised its position in The Allstate Co. (NYSE:ALL) by 140.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,655 shares of the insurance provider’s stock after acquiring an additional 6,215 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Allstate were worth $2,057,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Strategic Financial Concepts LLC increased its position in shares of Allstate by 15,062.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,119,129 shares of the insurance provider’s stock valued at $215,757,000 after buying an additional 1,111,748 shares during the period. Pathway Financial Advisers LLC increased its position in shares of Allstate by 18,472.5% during the third quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider’s stock valued at $199,642,000 after buying an additional 1,047,019 shares during the period. TimesSquare Capital Management LLC purchased a new position in shares of Allstate during the third quarter valued at about $77,819,000. Los Angeles Capital Management LLC increased its position in shares of Allstate by 688.4% during the third quarter. Los Angeles Capital Management LLC now owns 460,282 shares of the insurance provider’s stock valued at $87,292,000 after buying an additional 401,901 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Allstate by 291.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 356,065 shares of the insurance provider’s stock valued at $67,528,000 after buying an additional 265,213 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analysts Set New Price Targets

ALL has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price target 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. Morgan Stanley boosted their price objective on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Jefferies Financial Group boosted their price objective on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, UBS Group boosted their price objective on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $217.94.

Insider Activity at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction that occurred 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 $3,378,990.95. This represents 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 available at the SEC website. 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 firm’s 50 day moving average price is $190.25 and its 200-day moving average price is $190.29. The company has a market cap of $49.12 billion, a PE ratio of 10.92, a P/E/G ratio of 1.03 and a beta of 0.52. The Allstate Co. has a 52-week low of $153.87 and a 52-week high of $209.88. 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 issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share 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%. On average, equities research analysts expect that The Allstate Co. will post 18.65 EPS for the current fiscal year.

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.