The Allstate Co. (NYSE:ALL) Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 39.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,338 shares of the insurance provider's stock after selling 25,885 shares during the quarter. Stephens Inc. AR's holdings in Allstate were worth $7,584,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ALL. FSA Wealth Management LLC purchased a new stake in shares of Allstate during the third quarter worth approximately $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of Allstate during the third quarter worth approximately $28,000. Catalyst Capital Advisors LLC purchased a new stake in Allstate in the 3rd quarter valued at $29,000. Peoples Bank KS purchased a new stake in Allstate in the 4th quarter valued at $49,000. Finally, Golden State Wealth Management LLC purchased a new stake in Allstate in the 4th quarter valued at $57,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Trading Up 1.9 %

ALL traded up $3.64 during mid-day trading on Thursday, hitting $192.97. 1,889,110 shares of the stock were exchanged, compared to its average volume of 1,789,573. The firm's fifty day moving average is $191.46 and its two-hundred day moving average is $189.48. The Allstate Co. has a 1-year low of $153.87 and a 1-year high of $209.88. 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 company has a market cap of $51.10 billion, a PE ratio of 11.36, a PEG ratio of 1.47 and a beta of 0.52.

Allstate (NYSE:ALL - Get Free Report) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. Equities analysts forecast that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price on Allstate from $235.00 to $240.00 and gave the company an "outperform" rating in a report on Tuesday. Morgan Stanley upped their target price on Allstate from $220.00 to $228.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. UBS Group upped their target price on Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a report on Monday, November 4th. Bank of America upped their target price on Allstate from $216.00 to $233.00 and gave the company a "buy" rating in a report on Friday, October 18th. Finally, Wells Fargo & Company upped their target price on Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Allstate currently has a consensus rating of "Moderate Buy" and an average price target of $217.94.

Insider Buying and Selling

In related news, CFO Jesse E. Merten sold 40,102 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.

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.