The Allstate Co. (NYSE:ALL) Shares Purchased by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL increased its position in shares of The Allstate Co. (NYSE:ALL) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 272,858 shares of the insurance provider’s stock after acquiring an additional 368 shares during the period. Allstate comprises 1.2% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its 19th biggest position. Vaughan David Investments LLC IL’s holdings in Allstate were worth $52,604,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its position in Allstate by 1.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock valued at $893,000 after acquiring an additional 59 shares during the period. Carmichael Hill & Associates Inc. boosted its stake in Allstate by 15.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 60 shares in the last quarter. Apella Capital LLC boosted its stake in Allstate by 1.9% during the 4th quarter. Apella Capital LLC now owns 3,231 shares of the insurance provider’s stock valued at $623,000 after purchasing an additional 60 shares in the last quarter. Avior Wealth Management LLC boosted its stake in Allstate by 4.9% during the 3rd quarter. Avior Wealth Management LLC now owns 1,329 shares of the insurance provider’s stock valued at $252,000 after purchasing an additional 62 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in Allstate by 2.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,990 shares of the insurance provider’s stock valued at $571,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Trading Up 1.6 %

ALL stock opened at $188.60 on Tuesday. The company has a market cap of $49.94 billion, a P/E ratio of 11.10, a PEG ratio of 1.01 and a beta of 0.52. The Allstate Co. has a twelve month low of $153.87 and a twelve 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 business has a fifty day moving average of $190.12 and a 200-day moving average of $190.56.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, beating 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%. As a group, equities research analysts expect that The Allstate Co. will post 18.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ALL. Barclays decreased their price target on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised their price objective on Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Wells Fargo & Company raised their price objective on 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 price objective on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Morgan Stanley raised their price objective on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $217.94.

Insiders Place Their Bets

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 18,115 shares in the company, valued at $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.80% of the company’s stock.

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.