The Allstate Co. (NYSE:ALL) Stake Reduced by Hartford Investment Management Co.

Hartford Investment Management Co. decreased its holdings in The Allstate Co. (NYSE:ALL) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,406 shares of the insurance provider’s stock after selling 317 shares during the quarter. Hartford Investment Management Co.’s holdings in Allstate were worth $3,163,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ALL. FSA Wealth Management LLC acquired a new position in Allstate in the 3rd quarter worth about $26,000. Northwest Investment Counselors LLC bought a new position in shares of Allstate during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Allstate during the 3rd quarter worth approximately $29,000. Peoples Bank KS acquired a new stake in Allstate during the 4th quarter valued at $49,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Allstate during the 4th quarter valued at $53,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ALL. Barclays lowered their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Morgan Stanley boosted their price target on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Jefferies Financial Group boosted their price target on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. BMO Capital Markets increased their target price on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $217.94.

Insider Buying and Selling

In other news, CFO Jesse E. Merten sold 40,102 shares of Allstate stock in a transaction on Monday, February 10th. The shares were sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Allstate Trading Down 0.0 %

NYSE:ALL opened at $189.38 on Thursday. The company’s 50 day moving average price is $191.77 and its 200-day moving average price is $189.48. The Allstate Co. has a 52 week low of $153.87 and a 52 week high of $209.88. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. The stock has a market cap of $50.15 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 1.47 and a beta of 0.52.

Allstate (NYSE:ALL) last issued its earnings results 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%. On average, equities research analysts forecast that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

Allstate Company 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.