Empower Advisory Group LLC Has $248,000 Stock Holdings in The Allstate Co. (NYSE:ALL)

Empower Advisory Group LLC increased its position in shares of The Allstate Co. (NYSE:ALL) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,286 shares of the insurance provider’s stock after acquiring an additional 65 shares during the period. Empower Advisory Group LLC’s holdings in Allstate were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of ALL. Northwest Investment Counselors LLC purchased a new stake in shares of Allstate during the third quarter worth $28,000. Sequoia Financial Advisors LLC raised its holdings in shares of Allstate by 3.9% during the third quarter. Sequoia Financial Advisors LLC now owns 8,009 shares of the insurance provider’s stock worth $1,520,000 after acquiring an additional 303 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Allstate by 2.6% during the third quarter. Signaturefd LLC now owns 4,440 shares of the insurance provider’s stock worth $842,000 after acquiring an additional 111 shares in the last quarter. Eastern Bank raised its holdings in shares of Allstate by 39.6% during the third quarter. Eastern Bank now owns 4,142 shares of the insurance provider’s stock worth $786,000 after acquiring an additional 1,176 shares in the last quarter. Finally, Waldron Private Wealth LLC purchased a new stake in shares of Allstate during the third quarter worth $212,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Allstate

In related 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 transaction of $7,480,226.06. Following the transaction, the chief financial officer now directly owns 18,115 shares in the company, valued at $3,378,990.95. The trade was a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ALL shares. Keefe, Bruyette & Woods raised their target price on Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Barclays cut their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. Piper Sandler raised their target price on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Jefferies Financial Group raised their target price on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company raised their target price on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.94.

Allstate Trading Up 1.4 %

Shares of ALL opened at $191.67 on Thursday. The Allstate Co. has a 12-month low of $153.87 and a 12-month 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 firm has a market capitalization of $50.76 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 1.02 and a beta of 0.52. The stock’s 50-day moving average price is $190.52 and its 200 day moving average price is $190.04.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. As a group, research analysts predict that The Allstate Co. will post 18.65 earnings per share for the current 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.