Leavell Investment Management Inc. Purchases 269 Shares of The Allstate Co. (NYSE:ALL)

Leavell Investment Management Inc. raised its position in The Allstate Co. (NYSE:ALL) by 17.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,837 shares of the insurance provider’s stock after purchasing an additional 269 shares during the period. Leavell Investment Management Inc.’s holdings in Allstate were worth $356,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in shares of Allstate during the 3rd quarter valued at $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of Allstate during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Allstate during the 3rd quarter valued at $29,000. Peoples Bank KS purchased a new stake in shares of Allstate during the 4th quarter valued at $49,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Allstate during the 4th quarter valued at $53,000. 76.47% of the stock is owned by institutional investors.

Allstate Trading Down 2.7 %

Shares of ALL opened at $187.53 on Friday. The firm’s 50-day moving average price is $191.23 and its 200-day moving average price is $189.50. The firm has a market capitalization of $49.66 billion, a price-to-earnings ratio of 11.04, a PEG 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. The Allstate Co. has a 1-year low of $153.87 and a 1-year high of $209.88.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%. Sell-side analysts anticipate that The Allstate Co. will post 18.64 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALL. Barclays lowered their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods lifted their target price on shares of Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday. BMO Capital Markets lifted their target price on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. The Goldman Sachs Group lifted their target price on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Piper Sandler lifted their target price on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $217.94.

Insider Buying and Selling

In related news, CFO Jesse E. Merten sold 40,102 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 18,115 shares of the company’s stock, valued at $3,378,990.95. The trade was a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by insiders.

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.