Handelsbanken Fonder AB Has $11.31 Million Stock Position in The Allstate Co. (NYSE:ALL)

Handelsbanken Fonder AB raised its stake in The Allstate Co. (NYSE:ALL) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,640 shares of the insurance provider’s stock after acquiring an additional 1,683 shares during the quarter. Handelsbanken Fonder AB’s holdings in Allstate were worth $11,305,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. FSA Wealth Management LLC acquired a new stake in shares of Allstate in the third quarter valued at approximately $26,000. Catalyst Capital Advisors LLC acquired a new position in Allstate during the 3rd quarter worth $29,000. Peoples Bank KS bought a new position in Allstate in the 4th quarter valued at $49,000. Stonebridge Financial Group LLC acquired a new stake in shares of Allstate in the 4th quarter valued at $53,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Allstate during the fourth quarter worth $57,000. 76.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Jesse E. Merten sold 40,102 shares of the business’s 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 sale, the chief financial officer now directly owns 18,115 shares in the company, valued at $3,378,990.95. The trade was a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Jefferies Financial Group raised their price target on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. The Goldman Sachs Group raised their target price on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Wells Fargo & Company raised their price objective on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Finally, Morgan Stanley upped their target price on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. One 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 company’s stock. Based on data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average target price of $217.94.

Allstate Trading Down 1.9 %

NYSE:ALL opened at $185.51 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The business’s 50-day simple moving average is $190.25 and its 200-day simple moving average is $190.29. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88. The stock has a market capitalization of $49.12 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.03 and a beta of 0.52.

Allstate (NYSE:ALL) last announced its quarterly earnings results 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 net margin of 7.28% and a return on equity of 28.20%. Sell-side analysts expect that The Allstate Co. will post 18.65 earnings per share for the current fiscal 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.