Venturi Wealth Management LLC Purchases 326 Shares of The Allstate Co. (NYSE:ALL)

Venturi Wealth Management LLC increased its holdings in The Allstate Co. (NYSE:ALL) by 141.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 557 shares of the insurance provider’s stock after purchasing an additional 326 shares during the quarter. Venturi Wealth Management LLC’s holdings in Allstate were worth $107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. Joel Isaacson & Co. LLC bought a new position in Allstate during the 3rd quarter valued at approximately $211,000. Country Club Bank bought a new stake in shares of Allstate in the 3rd quarter worth approximately $217,000. Allworth Financial LP boosted its holdings in Allstate by 1.5% in the third quarter. Allworth Financial LP now owns 14,584 shares of the insurance provider’s stock worth $2,766,000 after acquiring an additional 213 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Allstate by 24.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,397 shares of the insurance provider’s stock valued at $3,089,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Forsta AP Fonden grew its holdings in shares of Allstate by 2.6% during the third quarter. Forsta AP Fonden now owns 93,100 shares of the insurance provider’s stock valued at $17,656,000 after buying an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insiders Place Their Bets

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the sale, the chief financial officer now owns 18,115 shares of the company’s stock, valued at approximately $3,378,990.95. This trade represents a 68.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ALL shares. Keefe, Bruyette & Woods increased their price objective on Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Wells Fargo & Company upped their price objective on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. UBS Group raised their target price 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. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley upped their target price on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $217.94.

Allstate Price Performance

ALL stock opened at $185.51 on Monday. The stock 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 company has a 50-day moving average price of $190.25 and a 200 day moving average price of $190.43. The Allstate Co. has a 12 month low of $153.87 and a 12 month high of $209.88. 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 posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 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%. Equities research analysts anticipate that The Allstate Co. will post 18.65 earnings per share for the current year.

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.