The Allstate Co. (NYSE:ALL) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its holdings in shares of The Allstate Co. (NYSE:ALL) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 43,131 shares of the insurance provider’s stock after buying an additional 1,438 shares during the period. Vontobel Holding Ltd.’s holdings in Allstate were worth $8,315,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new position in Allstate during the 3rd quarter worth approximately $26,000. Northwest Investment Counselors LLC acquired a new position in Allstate during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in Allstate during the 3rd quarter worth approximately $29,000. Peoples Bank KS acquired a new position in Allstate during the 4th quarter worth approximately $49,000. Finally, Stonebridge Financial Group LLC acquired a new position in Allstate during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds 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 transaction, the chief financial officer now owns 18,115 shares of the company’s stock, valued at $3,378,990.95. This represents a 68.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their target price on Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Piper Sandler upped their price target on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Wells Fargo & Company upped their price target on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group upped their price target on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $217.94.

Allstate Price Performance

ALL stock opened at $187.53 on Friday. The Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The stock’s 50 day moving average price is $190.91 and its 200 day moving average price is $189.63. The firm has a market cap of $49.66 billion, a P/E ratio of 11.04, a PEG ratio of 1.47 and a beta of 0.52.

Allstate (NYSE:ALL) last issued its quarterly earnings results 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, sell-side analysts expect that The Allstate Co. will post 18.64 earnings per share for the current fiscal 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.