Ieq Capital LLC Raises Holdings in The Allstate Co. (NYSE:ALL)

Ieq Capital LLC increased its stake in shares of The Allstate Co. (NYSE:ALL) by 71.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,048 shares of the insurance provider’s stock after purchasing an additional 7,133 shares during the period. Ieq Capital LLC’s holdings in Allstate were worth $3,287,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Piper Sandler increased their price target on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Barclays decreased their price objective on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. The Goldman Sachs Group upped their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Morgan Stanley raised their price target on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.94.

Allstate Stock Down 1.9 %

ALL opened at $185.51 on Friday. The company has a market cap of $49.12 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.03 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. 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 $190.25 and a 200 day moving average price of $190.29.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that The Allstate Co. will post 18.65 earnings per share for the current year.

Insider Buying and Selling at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of the sale, the chief financial officer now owns 18,115 shares in the company, valued at approximately $3,378,990.95. This trade represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

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.