Mesirow Financial Investment Management Inc. Sells 4,387 Shares of The Allstate Corporation $ALL

Mesirow Financial Investment Management Inc. trimmed its holdings in shares of The Allstate Corporation (NYSE:ALL) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,663 shares of the insurance provider’s stock after selling 4,387 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Allstate were worth $11,794,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Dorato Capital Management bought a new stake in Allstate during the 4th quarter worth approximately $27,000. Navalign LLC bought a new stake in Allstate during the 4th quarter worth approximately $27,000. Princeton Global Asset Management LLC grew its holdings in Allstate by 101.3% during the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 76 shares during the last quarter. Palisade Asset Management LLC bought a new stake in Allstate during the 3rd quarter worth approximately $31,000. Finally, South Plains Financial Inc. grew its holdings in Allstate by 41.5% during the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 49 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

Allstate Stock Down 0.1%

Allstate stock opened at $215.35 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a 12-month low of $188.08 and a 12-month high of $222.23. The firm’s fifty day moving average is $211.07 and its 200 day moving average is $206.83. The company has a market capitalization of $55.44 billion, a PE ratio of 4.75, a PEG ratio of 0.39 and a beta of 0.21.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The company had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same quarter in the previous year, the company earned $3.53 EPS. Allstate’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts predict that The Allstate Corporation will post 28.82 EPS for the current fiscal year.

Insider Activity

In related news, COO Mario Rizzo sold 18,578 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the transaction, the chief operating officer owned 82,227 shares in the company, valued at $17,991,267.60. The trade was a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $231.00 price objective on shares of Allstate in a research note on Thursday, March 5th. Piper Sandler upped their price objective on shares of Allstate from $252.00 to $268.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Keefe, Bruyette & Woods upped their price objective on shares of Allstate from $260.00 to $266.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Zacks Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $241.67.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.