Navellier & Associates Inc. Buys 3,967 Shares of The Allstate Co. (NYSE:ALL)

Navellier & Associates Inc. increased its position in shares of The Allstate Co. (NYSE:ALL) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,131 shares of the insurance provider’s stock after purchasing an additional 3,967 shares during the quarter. Allstate accounts for approximately 0.8% of Navellier & Associates Inc.’s investment portfolio, making the stock its 26th largest position. Navellier & Associates Inc.’s holdings in Allstate were worth $6,773,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital Advisory Group Advisory Services LLC boosted its position in shares of Allstate by 4.9% during the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 6,059 shares of the insurance provider’s stock worth $1,168,000 after acquiring an additional 285 shares in the last quarter. Transcend Capital Advisors LLC lifted its stake in Allstate by 37.6% during the fourth quarter. Transcend Capital Advisors LLC now owns 8,841 shares of the insurance provider’s stock worth $1,704,000 after purchasing an additional 2,417 shares during the last quarter. Paradigm Asset Management Co. LLC bought a new stake in Allstate during the fourth quarter worth $1,137,000. ING Groep NV acquired a new stake in shares of Allstate in the 4th quarter valued at $2,307,000. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Allstate by 1.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 10,723 shares of the insurance provider’s stock valued at $2,067,000 after purchasing an additional 139 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALL has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. UBS Group increased their target price on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Barclays decreased their price target on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. Piper Sandler upped their price objective 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. Finally, Morgan Stanley raised their target price on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $217.94.

Allstate Stock Performance

NYSE ALL opened at $185.51 on Friday. The company has a market capitalization of $49.12 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.05 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 stock has a fifty day simple moving average of $190.25 and a 200 day simple moving average of $190.15. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42.

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, 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%. Sell-side analysts expect that The Allstate Co. will post 18.65 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Jesse E. Merten sold 40,102 shares of Allstate stock in a transaction on Monday, February 10th. The shares were 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 owns 18,115 shares of the company’s stock, valued at approximately $3,378,990.95. This trade represents a 68.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

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.