1,398 Shares in The Allstate Co. (NYSE:ALL) Acquired by MGB Wealth Management LLC

MGB Wealth Management LLC acquired a new position in The Allstate Co. (NYSE:ALL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,398 shares of the insurance provider's stock, valued at approximately $269,000.

A number of other large investors have also recently made changes to their positions in ALL. FSA Wealth Management LLC purchased a new position in Allstate in the 3rd quarter worth approximately $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of Allstate during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Allstate during the 3rd quarter valued at approximately $29,000. Peoples Bank KS purchased a new position in shares of Allstate in the fourth quarter valued at $49,000. Finally, Stonebridge Financial Group LLC purchased a new stake in Allstate during the fourth quarter valued at $53,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the transaction, the chief financial officer now directly owns 18,115 shares of the company's stock, valued at $3,378,990.95. This represents a 68.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company's stock.

Allstate Stock Down 2.7 %

Allstate stock traded down $5.24 during midday trading on Monday, hitting $187.53. 3,917,486 shares of the company's stock were exchanged, compared to its average volume of 1,603,816. 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 cap of $49.66 billion, a PE ratio of 11.04, a P/E/G ratio of 1.47 and a beta of 0.52. The firm has a 50-day moving average of $190.91 and a two-hundred day moving average of $189.87. The Allstate Co. has a 12 month low of $153.87 and a 12 month high of $209.88.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data 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 net margin of 7.28% and a return on equity of 28.20%. As a group, analysts expect that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ALL. 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 report on Tuesday, January 14th. UBS Group boosted their target price on Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Jefferies Financial Group lifted their price target on shares of Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. The Goldman Sachs Group increased their price objective on shares of Allstate from $209.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Morgan Stanley upped their target price on Allstate from $220.00 to $228.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. One investment 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 company. According to data from MarketBeat.com, Allstate has an average rating of "Moderate Buy" and an average target price of $217.94.

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.