Valmark Advisers Inc. Purchases 210 Shares of The Allstate Co. (NYSE:ALL)

Valmark Advisers Inc. raised its holdings in shares of The Allstate Co. (NYSE:ALL) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,495 shares of the insurance provider’s stock after purchasing an additional 210 shares during the quarter. Valmark Advisers Inc.’s holdings in Allstate were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of ALL. FSA Wealth Management LLC bought a new position in Allstate in the 3rd quarter worth approximately $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Allstate in the third quarter worth $29,000. Peoples Bank KS purchased a new position in shares of Allstate in the fourth quarter valued at $49,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Allstate during the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Trading Up 0.6 %

NYSE:ALL opened at $188.66 on Wednesday. The firm has a market capitalization of $49.96 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.47 and a beta of 0.52. 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 fifty day moving average of $190.68 and a 200 day moving average of $189.95. The Allstate Co. has a 52 week low of $153.87 and a 52 week high of $209.88.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, beating 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, research analysts predict that The Allstate Co. will post 18.64 earnings per share for the current year.

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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

ALL has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price target on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays lowered their target price on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. The Goldman Sachs Group boosted their price target on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company boosted 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.94.

About Allstate

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.