The Allstate Co. (NYSE:ALL) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its holdings in shares of The Allstate Co. (NYSE:ALL - Free Report) by 70.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,062 shares of the insurance provider's stock after purchasing an additional 4,161 shares during the period. Apollon Wealth Management LLC's holdings in Allstate were worth $1,940,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FSA Wealth Management LLC acquired a new stake in shares of Allstate in the 3rd quarter worth $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate in the 3rd quarter worth $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Allstate in the 3rd quarter worth $29,000. Peoples Bank KS acquired a new stake in shares of Allstate in the 4th quarter worth $49,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Allstate in the 4th quarter worth $57,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays reduced their target price on shares of Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a research note on Monday, January 6th. Morgan Stanley raised their target price on shares of Allstate from $220.00 to $228.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Piper Sandler raised their target price on shares of Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. Evercore ISI upgraded shares of Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group raised their price objective on shares of Allstate from $231.00 to $267.00 and gave the company a "buy" rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $217.94.

Allstate Price Performance

NYSE:ALL traded up $3.64 during mid-day trading on Thursday, hitting $192.97. 1,889,110 shares of the company's stock traded hands, compared to its average volume of 1,789,573. 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 firm's 50 day simple moving average is $191.46 and its 200 day simple 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 market cap of $51.10 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping 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%. Sell-side analysts expect that The Allstate Co. will post 18.64 EPS for the current year.

Insider Buying and Selling at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of Allstate stock in a transaction that occurred on Monday, February 10th. The shares were 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. The trade was a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

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.