Empowered Funds LLC Decreases Stock Holdings in The Allstate Co. (NYSE:ALL)

Empowered Funds LLC lessened its stake in The Allstate Co. (NYSE:ALL) by 78.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,472 shares of the insurance provider’s stock after selling 53,899 shares during the period. Empowered Funds LLC’s holdings in Allstate were worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB grew its position in shares of Allstate by 5.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 9,742 shares of the insurance provider’s stock worth $1,878,000 after buying an additional 493 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in Allstate by 70.5% in the fourth quarter. Apollon Wealth Management LLC now owns 10,062 shares of the insurance provider’s stock valued at $1,940,000 after acquiring an additional 4,161 shares in the last quarter. Mezzasalma Advisors LLC purchased a new position in Allstate in the fourth quarter worth $1,565,000. Appleton Partners Inc. MA purchased a new position in Allstate in the fourth quarter worth $259,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Allstate during the fourth quarter worth $57,000. 76.47% of the stock is currently owned by institutional investors.

Insider Activity at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 18,115 shares in the company, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ALL shares. Bank of America boosted their target price on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. UBS Group boosted their price target on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Barclays decreased their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. Morgan Stanley boosted their target price on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Piper Sandler raised their price target on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.94.

Allstate Stock Up 1.9 %

Shares of ALL opened at $192.97 on Friday. The stock’s 50-day moving average price is $191.46 and its 200-day moving average price is $189.48. 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 company has a market capitalization of $51.10 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.47 and a beta of 0.52. The Allstate Co. has a 52 week low of $153.87 and a 52 week high of $209.88.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping 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, sell-side analysts predict that The Allstate Co. will post 18.64 EPS for the current year.

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.