The Allstate Co. (NYSE:ALL) Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC increased its position in shares of The Allstate Co. (NYSE:ALL) by 37.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,841 shares of the insurance provider’s stock after acquiring an additional 2,417 shares during the period. Transcend Capital Advisors LLC’s holdings in Allstate were worth $1,704,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its position in Allstate by 3.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,009 shares of the insurance provider’s stock valued at $1,520,000 after buying an additional 303 shares during the period. Signaturefd LLC increased its holdings in Allstate by 2.6% during the 3rd quarter. Signaturefd LLC now owns 4,440 shares of the insurance provider’s stock worth $842,000 after purchasing an additional 111 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Allstate in the 3rd quarter valued at about $285,000. Global Assets Advisory LLC acquired a new position in shares of Allstate during the third quarter worth about $206,000. Finally, IFM Investors Pty Ltd increased its stake in shares of Allstate by 1.4% during the third quarter. IFM Investors Pty Ltd now owns 53,111 shares of the insurance provider’s stock worth $10,073,000 after buying an additional 729 shares during the period. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ALL. Barclays decreased their price target on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company boosted their target price 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. Keefe, Bruyette & Woods raised their price target on Allstate from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Finally, Piper Sandler raised their target price on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.94.

Allstate Stock Performance

Shares of ALL stock opened at $185.51 on Friday. The stock’s 50-day moving average price is $190.25 and its 200 day moving average price is $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. The stock has a market capitalization of $49.12 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.05 and a beta of 0.52. The Allstate Co. has a 52-week low of $153.87 and a 52-week high of $209.88.

Allstate (NYSE:ALL) last released its earnings results 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 return on equity of 28.20% and a net margin of 7.28%. As a group, equities research analysts forecast that The Allstate Co. will post 18.65 EPS for the current year.

Insider Activity

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of Allstate stock in a transaction that occurred 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 sale, the chief financial officer now owns 18,115 shares of the company’s stock, valued at approximately $3,378,990.95. The trade was a 68.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

About Allstate

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.