Handelsbanken Fonder AB Has $11.31 Million Stake in The Allstate Co. (NYSE:ALL)

Handelsbanken Fonder AB raised its holdings in The Allstate Co. (NYSE:ALL) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,640 shares of the insurance provider’s stock after buying an additional 1,683 shares during the period. Handelsbanken Fonder AB’s holdings in Allstate were worth $11,305,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new stake in shares of Allstate in the third quarter valued at about $26,000. Catalyst Capital Advisors LLC bought a new position in Allstate in the third quarter valued at approximately $29,000. Peoples Bank KS acquired a new position in shares of Allstate during the 4th quarter worth approximately $49,000. Stonebridge Financial Group LLC acquired a new position in shares of Allstate during the 4th quarter worth approximately $53,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Allstate in the 4th quarter valued at approximately $57,000. 76.47% of the stock is owned by institutional investors.

Insider Activity at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $186.53, for a total value of $7,480,226.06. Following the transaction, the chief financial officer now owns 18,115 shares in the company, valued at approximately $3,378,990.95. This trade represents a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by corporate insiders.

Allstate Trading Down 1.9 %

Shares of Allstate stock opened at $185.51 on Friday. 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 firm has a 50-day moving average of $190.25 and a 200-day moving average of $190.29. The Allstate Co. has a 52-week low of $153.87 and a 52-week high of $209.88. The stock has a market cap of $49.12 billion, a PE ratio of 10.92, a PEG ratio of 1.03 and a beta of 0.52.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that The Allstate Co. will post 18.65 EPS for the current year.

Analysts Set New Price Targets

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

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.