The Allstate Co. (NYSE:ALL) Shares Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC raised its position in The Allstate Co. (NYSE:ALL - Free Report) by 3.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 425,978 shares of the insurance provider's stock after purchasing an additional 15,650 shares during the period. Allstate comprises approximately 1.2% of TimesSquare Capital Management LLC's portfolio, making the stock its 21st biggest holding. TimesSquare Capital Management LLC owned 0.16% of Allstate worth $82,124,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in shares of Allstate in the third quarter valued at $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of Allstate in the third quarter valued at $28,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Allstate in the third quarter valued at $29,000. Peoples Bank KS purchased a new stake in shares of Allstate in the fourth quarter valued at $49,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Allstate in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Allstate Trading Down 1.9 %

Shares of Allstate stock traded down $3.67 during trading hours on Friday, reaching $185.51. The stock had a trading volume of 1,427,939 shares, compared to its average volume of 1,864,422. The firm has a 50 day simple moving average of $190.25 and a two-hundred day simple moving average of $190.15. The firm has a market capitalization of $49.12 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 1.05 and a beta of 0.52. 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.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data 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%. As a group, equities research analysts anticipate that The Allstate Co. will post 18.65 earnings per share for the current year.

Insider Activity

In other news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of the sale, the chief financial officer now owns 18,115 shares in the company, valued at approximately $3,378,990.95. This trade represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ALL. Evercore ISI upgraded Allstate from an "in-line" rating to an "outperform" rating in a research report on Wednesday, January 8th. Wells Fargo & Company upped their price objective on Allstate from $186.00 to $187.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 14th. The Goldman Sachs Group increased their target price on Allstate from $209.00 to $230.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. 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. Finally, Piper Sandler increased their target price on Allstate from $206.00 to $244.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Allstate 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.