The Allstate Co. (NYSE:ALL) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. trimmed its position in shares of The Allstate Co. (NYSE:ALL - Free Report) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,377 shares of the insurance provider's stock after selling 3,965 shares during the period. Vaughan Nelson Investment Management L.P.'s holdings in Allstate were worth $16,845,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Allstate by 1.1% in the third 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 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 buying an additional 74,537 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Allstate by 18.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider's stock valued at $569,114,000 after buying an additional 472,040 shares in the last quarter. Raymond James & Associates raised its stake in Allstate by 10.6% in the third quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider's stock valued at $287,851,000 after buying an additional 145,986 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its stake 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 valued at $215,757,000 after buying an additional 1,111,748 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Allstate

In other 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 completion of the sale, the chief financial officer now directly owns 18,115 shares in the company, valued at approximately $3,378,990.95. This trade 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 the SEC website. 1.80% of the stock is owned by corporate insiders.

Allstate Stock Performance

Shares of NYSE ALL traded up $3.64 during midday trading on Thursday, reaching $192.97. 1,889,110 shares of the company were exchanged, compared to its average volume of 1,789,573. 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 Allstate Co. has a 1 year low of $153.87 and a 1 year high of $209.88. The stock has a fifty day simple moving average of $191.46 and a 200 day simple moving average of $189.48. The stock has a market cap of $51.10 billion, a P/E ratio of 11.36, a PEG ratio of 1.47 and a beta of 0.52.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, beating 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%. On average, research analysts forecast that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ALL. Evercore ISI upgraded Allstate from an "in-line" rating to an "outperform" rating in a research note on Wednesday, January 8th. Bank of America raised their price objective on Allstate from $216.00 to $233.00 and gave the stock a "buy" rating in a report on Friday, October 18th. Jefferies Financial Group raised their price objective on Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Keefe, Bruyette & Woods raised their price objective on Allstate from $235.00 to $240.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Wells Fargo & Company raised their price objective on Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.