Principal Financial Group Inc. Purchases 13,566 Shares of The Allstate Co. (NYSE:ALL)

Principal Financial Group Inc. raised its stake in shares of The Allstate Co. (NYSE:ALL - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 327,320 shares of the insurance provider's stock after purchasing an additional 13,566 shares during the quarter. Principal Financial Group Inc. owned 0.12% of Allstate worth $63,104,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. State Street Corp raised its holdings in Allstate by 1.1% in the 3rd quarter. State Street Corp now owns 11,496,306 shares of the insurance provider's stock valued at $2,190,758,000 after acquiring an additional 126,922 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Allstate by 1.2% in the third quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider's stock valued at $1,178,164,000 after purchasing an additional 74,537 shares in the last quarter. Strategic Financial Concepts LLC lifted its position in Allstate by 15,062.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,119,129 shares of the insurance provider's stock worth $215,757,000 after purchasing an additional 1,111,748 shares during the period. Pathway Financial Advisers LLC increased its holdings in Allstate by 18,472.5% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,052,687 shares of the insurance provider's stock valued at $199,642,000 after buying an additional 1,047,019 shares during the period. Finally, FMR LLC raised its stake in shares of Allstate by 11.8% in the 3rd quarter. FMR LLC now owns 933,352 shares of the insurance provider's stock valued at $177,010,000 after buying an additional 98,179 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Analyst Ratings Changes

ALL has been the subject of several recent research reports. Wells Fargo & Company increased their price target on shares of Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 14th. Piper Sandler upped their price target on Allstate from $206.00 to $244.00 and gave the company an "overweight" rating in a research report on Tuesday, November 26th. The Goldman Sachs Group lifted their price objective on Allstate from $209.00 to $230.00 and gave the company a "buy" rating in a report on Friday, November 15th. Morgan Stanley upped their target price on shares of Allstate from $220.00 to $228.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, UBS Group lifted their price target on shares of Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Allstate presently has a consensus rating of "Moderate Buy" and a consensus target price of $217.94.

Allstate Trading Down 1.9 %

Shares of NYSE:ALL traded down $3.67 during mid-day trading on Friday, reaching $185.51. The stock had a trading volume of 1,427,939 shares, compared to its average volume of 1,626,969. The firm has a 50 day simple moving average of $190.25 and a two-hundred day simple moving average of $190.15. 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 firm has a market cap of $49.12 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.03 and a beta of 0.52. The Allstate Co. has a twelve month low of $153.87 and a twelve 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 for the quarter, beating 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%. On average, research analysts predict that The Allstate Co. will post 18.65 EPS for the current fiscal year.

Insider Buying and Selling at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of the firm's 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 completion of the transaction, the chief financial officer now directly owns 18,115 shares of the company's stock, valued at $3,378,990.95. This trade represents a 68.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company's stock.

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.