Chevy Chase Trust Holdings LLC Has $26.82 Million Position in The Allstate Co. (NYSE:ALL)

Chevy Chase Trust Holdings LLC cut its stake in The Allstate Co. (NYSE:ALL) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,092 shares of the insurance provider’s stock after selling 2,482 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Allstate worth $26,816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new position in Allstate in the 3rd quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new position in Allstate in the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new position in Allstate in the 3rd quarter valued at $29,000. Peoples Bank KS acquired a new position in Allstate in the 4th quarter valued at $49,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Allstate during the 4th quarter worth $53,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALL has been the subject of a number of research analyst reports. Piper Sandler boosted their price target on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. The Goldman Sachs Group boosted their price target on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. BMO Capital Markets boosted their price target on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Barclays lowered their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a report on Monday, January 6th. Finally, Jefferies Financial Group boosted their price target on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $217.94.

Allstate Trading Down 2.7 %

NYSE ALL opened at $187.53 on Friday. The business’s 50-day moving average price is $191.23 and its two-hundred day moving average price is $189.50. The Allstate Co. has a 12 month low of $153.87 and a 12 month high of $209.88. The firm has a market capitalization of $49.66 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42.

Allstate (NYSE:ALL) last released its quarterly earnings results 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 return on equity of 28.20% and a net margin of 7.28%. On average, analysts expect that The Allstate Co. will post 18.64 EPS for the current year.

Insider Buying and Selling at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of the business’s 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 transaction, 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 link. Corporate insiders own 1.80% of the company’s stock.

Allstate 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.