The Allstate Co. (NYSE:ALL) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in shares of The Allstate Co. (NYSE:ALL) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,121 shares of the insurance provider’s stock after selling 1,273 shares during the quarter. Amalgamated Bank’s holdings in Allstate were worth $9,856,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. FourThought Financial Partners LLC acquired a new stake in shares of Allstate in the 4th quarter worth $2,485,000. Commonwealth Retirement Investments LLC raised its holdings in Allstate by 4.9% during the fourth quarter. Commonwealth Retirement Investments LLC now owns 6,099 shares of the insurance provider’s stock worth $1,176,000 after purchasing an additional 286 shares in the last quarter. BankPlus Trust Department purchased a new position in Allstate during the fourth quarter worth about $249,000. Crestwood Advisors Group LLC acquired a new stake in Allstate in the fourth quarter valued at about $237,000. Finally, Colonial River Investments LLC boosted its holdings in Allstate by 4.9% in the 4th quarter. Colonial River Investments LLC now owns 2,535 shares of the insurance provider’s stock valued at $489,000 after purchasing an additional 118 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Trading Up 1.0 %

Shares of ALL opened at $190.66 on Wednesday. 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 Allstate Co. has a 1-year low of $153.87 and a 1-year high of $209.88. The stock has a market cap of $50.49 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 1.01 and a beta of 0.52. The firm has a 50 day simple moving average of $190.06 and a 200-day simple moving average of $190.70.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share 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%. Equities analysts forecast that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ALL shares. 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 note on Friday, November 8th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group boosted their target price on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Morgan Stanley increased their price target on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, UBS Group raised their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $217.94.

Insider Buying and Selling

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the sale, the chief financial officer now directly owns 18,115 shares of the company’s stock, valued at $3,378,990.95. This trade represents a 68.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by company insiders.

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.