The Allstate Co. (NYSE:ALL) Stock Holdings Lifted by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its stake in The Allstate Co. (NYSE:ALL - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,640 shares of the insurance provider's stock after purchasing an additional 1,683 shares during the period. Handelsbanken Fonder AB's holdings in Allstate were worth $11,305,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ALL. JPMorgan Chase & Co. raised its holdings in Allstate by 5.2% in the third quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider's stock valued at $109,605,000 after acquiring an additional 28,584 shares in the last quarter. Ameritas Advisory Services LLC raised its stake in shares of Allstate by 117.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 4,896 shares of the insurance provider's stock valued at $944,000 after purchasing an additional 2,643 shares in the last quarter. Hennessy Advisors Inc. lifted its position in shares of Allstate by 6.9% during the fourth quarter. Hennessy Advisors Inc. now owns 58,600 shares of the insurance provider's stock worth $11,297,000 after purchasing an additional 3,800 shares during the last quarter. Artemis Investment Management LLP grew its stake in Allstate by 33.3% in the fourth quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider's stock worth $77,413,000 after purchasing an additional 100,311 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in Allstate by 38.0% in the third quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider's stock valued at $2,067,000 after buying an additional 2,888 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 transaction, the chief financial officer now owns 18,115 shares of the company's stock, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group raised their price objective on Allstate from $216.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Jefferies Financial Group raised 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. Morgan Stanley boosted their price objective 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. Barclays cut their target price 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. Finally, The Goldman Sachs Group lifted their target price on Allstate from $209.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $217.94.

Allstate Price Performance

ALL stock traded up $1.91 during trading on Tuesday, hitting $190.66. The company had a trading volume of 912,161 shares, compared to its average volume of 1,841,996. The business has a 50 day moving average of $190.06 and a 200 day moving average of $190.70. The firm has a market capitalization of $50.49 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 1.01 and a beta of 0.52. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly 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, research analysts predict that The Allstate Co. will post 18.74 earnings per share for the current year.

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.