D.A. Davidson & CO. Cuts Stock Holdings in The Allstate Co. (NYSE:ALL)

D.A. Davidson & CO. lowered its holdings in The Allstate Co. (NYSE:ALL) by 46.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,743 shares of the insurance provider’s stock after selling 10,841 shares during the period. D.A. Davidson & CO.’s holdings in Allstate were worth $2,457,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FSA Wealth Management LLC purchased a new position in Allstate in the third quarter worth $26,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate in the third quarter valued at $29,000. Peoples Bank KS bought a new stake in shares of Allstate in the fourth quarter valued at $49,000. Stonebridge Financial Group LLC bought a new stake in shares of Allstate in the fourth quarter valued at $53,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Allstate in the fourth quarter valued at $57,000. 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 a number of analyst reports. Wells Fargo & Company boosted their price objective on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. UBS Group upped their target price on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Barclays decreased their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. Morgan Stanley upped their target price on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group upped their price objective on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.94.

Insider Activity

In other news, CFO Jesse E. Merten sold 40,102 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 18,115 shares in the company, valued at $3,378,990.95. This trade represents a 68.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Allstate Price Performance

Shares of ALL stock opened at $185.51 on Friday. The firm has a market cap of $49.12 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.05 and a beta of 0.52. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88. The business’s 50 day moving average price is $190.25 and its 200-day moving average price is $190.15. 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, topping 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, equities research analysts anticipate that The Allstate Co. will post 18.65 earnings per share for the current 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.