222,980 Shares in The Allstate Co. (NYSE:ALL) Acquired by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd acquired a new stake in The Allstate Co. (NYSE:ALL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 222,980 shares of the insurance provider's stock, valued at approximately $42,988,000. AustralianSuper Pty Ltd owned approximately 0.08% of Allstate at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in Allstate during the 3rd quarter worth about $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate in the 3rd quarter valued at approximately $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Allstate in the third quarter valued at $29,000. Peoples Bank KS bought a new stake in Allstate during the fourth quarter worth $49,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Allstate in the 4th quarter valued at about $53,000. Institutional investors own 76.47% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ALL shares. Keefe, Bruyette & Woods boosted their price target on Allstate from $235.00 to $240.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. UBS Group increased their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Morgan Stanley upped their price target on shares of Allstate from $220.00 to $228.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Piper Sandler boosted their price objective on Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company increased their target price on Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Allstate presently has a consensus rating of "Moderate Buy" and a consensus target price of $217.94.

Allstate Trading Up 1.4 %

Shares of Allstate stock traded up $2.72 on Wednesday, reaching $191.67. 1,142,755 shares of the company's stock were exchanged, compared to its average volume of 1,893,136. The Allstate Co. has a 52 week low of $153.87 and a 52 week high of $209.88. 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 company has a market capitalization of $50.76 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 1.02 and a beta of 0.52. The firm's 50-day moving average is $190.55 and its two-hundred day moving average is $190.03.

Allstate (NYSE:ALL - Get Free Report) last issued its earnings results 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%. Sell-side analysts predict that The Allstate Co. will post 18.65 EPS for the current fiscal year.

Insider Transactions at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the company'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 completion of the transaction, the chief financial officer now owns 18,115 shares in the company, valued at $3,378,990.95. This represents a 68.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.