Manchester Capital Management LLC Purchases New Shares in The Allstate Co. (NYSE:ALL)

Manchester Capital Management LLC bought a new stake in The Allstate Co. (NYSE:ALL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,755 shares of the insurance provider's stock, valued at approximately $338,000.

Other large investors also recently added to or reduced their stakes in the company. SPC Financial Inc. boosted its holdings in Allstate by 3.6% in the third quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider's stock worth $297,000 after purchasing an additional 54 shares in the last quarter. Lake Street Advisors Group LLC lifted its position in shares of Allstate by 1.8% in the third quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider's stock worth $596,000 after buying an additional 54 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Allstate by 1.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider's stock worth $893,000 after acquiring an additional 59 shares in the last quarter. Carmichael Hill & Associates Inc. increased its holdings in shares of Allstate by 15.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider's stock valued at $87,000 after acquiring an additional 60 shares during the last quarter. Finally, Apella Capital LLC raised its stake in shares of Allstate by 1.9% in the 4th quarter. Apella Capital LLC now owns 3,231 shares of the insurance provider's stock valued at $623,000 after acquiring an additional 60 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ALL shares. UBS Group upped their target price on Allstate from $216.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods upped their price objective on shares of Allstate from $235.00 to $240.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Piper Sandler lifted their target price on shares of Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. The Goldman Sachs Group upped their price target on shares of Allstate from $209.00 to $230.00 and gave the company a "buy" rating in a report on Friday, November 15th. Finally, Morgan Stanley raised their price target on Allstate from $220.00 to $228.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Allstate presently has a consensus rating of "Moderate Buy" and an average price target of $217.94.

Insider Transactions at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of the company's stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

Allstate Stock Performance

ALL stock traded up $2.72 during midday trading on Wednesday, hitting $191.67. The stock had a trading volume of 1,142,755 shares, compared to its average volume of 1,893,136. The firm has a market capitalization of $50.76 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 1.02 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 stock has a 50-day simple moving average of $190.52 and a 200 day simple moving average of $190.04. The Allstate Co. has a 52 week low of $153.87 and a 52 week high of $209.88.

Allstate (NYSE:ALL - Get Free Report) last issued its 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 net margin of 7.28% and a return on equity of 28.20%. As a group, equities research analysts anticipate that The Allstate Co. will post 18.65 earnings per share for the current year.

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.