Advyzon Investment Management LLC Buys New Position in The Allstate Co. (NYSE:ALL)

Advyzon Investment Management LLC purchased a new position in The Allstate Co. (NYSE:ALL) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,253 shares of the insurance provider’s stock, valued at approximately $242,000.

Several other hedge funds also recently modified their holdings of ALL. Sequoia Financial Advisors LLC raised its stake in Allstate by 3.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,009 shares of the insurance provider’s stock valued at $1,520,000 after purchasing an additional 303 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Allstate by 2.6% during the 3rd quarter. Signaturefd LLC now owns 4,440 shares of the insurance provider’s stock worth $842,000 after purchasing an additional 111 shares during the period. Eastern Bank raised its position in shares of Allstate by 39.6% during the third quarter. Eastern Bank now owns 4,142 shares of the insurance provider’s stock valued at $786,000 after buying an additional 1,176 shares during the last quarter. Waldron Private Wealth LLC bought a new stake in shares of Allstate in the third quarter valued at about $212,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in Allstate during the third quarter worth about $285,000. 76.47% of the stock is owned by institutional investors.

Insider Transactions at Allstate

In other Allstate 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 transaction of $7,480,226.06. Following the completion of the sale, the chief financial officer now directly owns 18,115 shares of the company’s stock, valued at approximately $3,378,990.95. The trade was a 68.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Allstate Stock Performance

NYSE ALL opened at $189.37 on Friday. The firm has a market cap of $50.15 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 1.03 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. The company has a 50 day moving average of $190.46 and a 200-day moving average of $190.04.

Allstate (NYSE:ALL) last posted 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%. On average, equities analysts forecast that The Allstate Co. will post 18.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wells Fargo & Company upped their price target on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Piper Sandler upped their target price on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Morgan Stanley raised their target price on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Barclays lowered their price target on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a report on Monday, January 6th. Finally, UBS Group raised their price objective on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and a consensus target price of $217.94.

Allstate Company 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.