Ferguson Wellman Capital Management Inc. Has $6.30 Million Stock Position in The Allstate Co. (NYSE:ALL)

Ferguson Wellman Capital Management Inc. cut its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,684 shares of the insurance provider's stock after selling 1,702 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in Allstate were worth $6,301,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Allstate by 5.2% during the third quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider's stock worth $109,605,000 after purchasing an additional 28,584 shares during the last quarter. Ameritas Advisory Services LLC lifted its stake in Allstate by 117.3% during the fourth quarter. Ameritas Advisory Services LLC now owns 4,896 shares of the insurance provider's stock worth $944,000 after purchasing an additional 2,643 shares during the last quarter. Hennessy Advisors Inc. lifted its stake in Allstate by 6.9% during the fourth quarter. Hennessy Advisors Inc. now owns 58,600 shares of the insurance provider's stock worth $11,297,000 after purchasing an additional 3,800 shares during the last quarter. Artemis Investment Management LLP lifted its stake in Allstate by 33.3% during the fourth quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider's stock worth $77,413,000 after purchasing an additional 100,311 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in Allstate by 38.0% in the third quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider's stock worth $2,067,000 after buying an additional 2,888 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Allstate Stock Performance

Shares of ALL traded up $3.64 during trading hours on Thursday, reaching $192.97. 1,889,110 shares of the company's stock traded hands, compared to its average volume of 1,789,573. The business's fifty day simple moving average is $191.46 and its two-hundred day simple moving average is $189.48. The Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88. The firm has a market capitalization of $51.10 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40.

Allstate (NYSE:ALL - Get Free Report) last announced 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 return on equity of 28.20% and a net margin of 7.28%. Analysts predict that The Allstate Co. will post 18.64 earnings per share for the current year.

Insider Activity at Allstate

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wells Fargo & Company increased their target price on Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 14th. Evercore ISI raised Allstate from an "in-line" rating to an "outperform" rating in a research report on Wednesday, January 8th. Jefferies Financial Group increased their target price on Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. BMO Capital Markets increased their target price on Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Finally, UBS Group increased 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. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $217.94.

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.