16,198 Shares in The Allstate Co. (NYSE:ALL) Bought by Atlas Legacy Advisors LLC

Atlas Legacy Advisors LLC purchased a new stake in The Allstate Co. (NYSE:ALL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,198 shares of the insurance provider's stock, valued at approximately $3,123,000.

A number of other institutional investors have also added to or reduced their stakes in ALL. Creative Planning lifted its position in shares of Allstate by 5.2% during the 3rd quarter. Creative Planning now owns 66,823 shares of the insurance provider's stock worth $12,673,000 after buying an additional 3,280 shares during the period. Global Retirement Partners LLC boosted its position in Allstate by 12.0% in the 3rd quarter. Global Retirement Partners LLC now owns 2,674 shares of the insurance provider's stock valued at $507,000 after buying an additional 286 shares during the last quarter. Blue Trust Inc. increased its position in Allstate by 90.4% in the third quarter. Blue Trust Inc. now owns 2,989 shares of the insurance provider's stock worth $567,000 after purchasing an additional 1,419 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate during the 3rd quarter worth approximately $28,000. Finally, Horst & Graben Wealth Management LLC bought a new stake in shares of Allstate during the 3rd quarter valued at $204,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $186.53, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by corporate insiders.

Allstate Price Performance

Shares of ALL traded down $3.67 during midday trading on Friday, hitting $185.51. The company's stock had a trading volume of 1,427,939 shares, compared to its average volume of 1,864,422. 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 Allstate Co. has a one year low of $153.87 and a one year high of $209.88. The stock has a market capitalization of $49.12 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 1.05 and a beta of 0.52. The company's fifty day simple moving average is $190.46 and its two-hundred day simple moving average is $190.04.

Allstate (NYSE:ALL - Get Free Report) 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 analysts expect that The Allstate Co. will post 18.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company lifted 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. Barclays dropped their target price on Allstate from $187.00 to $183.00 and set an "underweight" rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group boosted their price target on shares of Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. UBS Group lifted their price target on Allstate from $216.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, Morgan Stanley increased their price target on shares of Allstate from $220.00 to $228.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Allstate has an average rating of "Moderate Buy" and a consensus target price of $217.94.

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.