Sheaff Brock Investment Advisors LLC Sells 2,850 Shares of The Allstate Co. (NYSE:ALL)

Sheaff Brock Investment Advisors LLC lessened its holdings in shares of The Allstate Co. (NYSE:ALL - Free Report) by 23.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,466 shares of the insurance provider's stock after selling 2,850 shares during the quarter. Sheaff Brock Investment Advisors LLC's holdings in Allstate were worth $1,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ALL. Creative Planning grew its holdings in Allstate by 5.2% during the third quarter. Creative Planning now owns 66,823 shares of the insurance provider's stock valued at $12,673,000 after purchasing an additional 3,280 shares during the period. SeaCrest Wealth Management LLC lifted its position in shares of Allstate by 9.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 1,580 shares of the insurance provider's stock valued at $300,000 after buying an additional 131 shares in the last quarter. Good Life Advisors LLC increased its holdings in Allstate by 9.2% in the 3rd quarter. Good Life Advisors LLC now owns 3,960 shares of the insurance provider's stock worth $751,000 after acquiring an additional 334 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Allstate by 12.0% in the 3rd quarter. Global Retirement Partners LLC now owns 2,674 shares of the insurance provider's stock worth $507,000 after acquiring an additional 286 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its stake in Allstate by 3.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,840 shares of the insurance provider's stock worth $1,108,000 after acquiring an additional 173 shares during the period. Institutional investors own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ALL shares. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $235.00 to $240.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Piper Sandler increased their price target on Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. Barclays lowered their price objective on Allstate from $187.00 to $183.00 and set an "underweight" rating on the stock in a research report on Monday, January 6th. 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. Finally, Evercore ISI raised Allstate from an "in-line" rating to an "outperform" rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Allstate presently has an average rating of "Moderate Buy" and an average price target of $217.94.

Insider Transactions at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $186.53, for a total value of $7,480,226.06. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.80% of the company's stock.

Allstate Trading Up 1.4 %

ALL traded up $2.72 on Wednesday, hitting $191.67. The company had a trading volume of 1,142,755 shares, compared to its average volume of 1,893,136. The business's fifty day simple moving average is $190.55 and its 200 day simple moving average is $190.03. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. The Allstate Co. has a 12-month low of $153.87 and a 12-month high of $209.88. The company has a market cap of $50.76 billion, a PE ratio of 11.28, a PEG ratio of 1.02 and a beta of 0.52.

Allstate (NYSE:ALL - Get Free Report) last announced its 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 return on equity of 28.20% and a net margin of 7.28%. Equities research analysts expect that The Allstate Co. will post 18.65 EPS for the current year.

Allstate Company 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.