Leuthold Group LLC Sells 735 Shares of The Allstate Co. (NYSE:ALL)

Leuthold Group LLC reduced its stake in The Allstate Co. (NYSE:ALL) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 20,496 shares of the insurance provider’s stock after selling 735 shares during the quarter. Leuthold Group LLC’s holdings in Allstate were worth $3,951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC grew its stake in shares of Allstate by 3.9% in the third quarter. Sequoia Financial Advisors LLC now owns 8,009 shares of the insurance provider’s stock worth $1,520,000 after acquiring an additional 303 shares during the last quarter. Signaturefd LLC boosted its stake in Allstate by 2.6% in 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 in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in Allstate during the 3rd quarter valued at about $285,000. Global Assets Advisory LLC bought a new stake in Allstate during the 3rd quarter valued at about $206,000. Finally, IFM Investors Pty Ltd raised its holdings in Allstate by 1.4% in the third quarter. IFM Investors Pty Ltd now owns 53,111 shares of the insurance provider’s stock worth $10,073,000 after buying an additional 729 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of Allstate 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 transaction, the chief financial officer now directly owns 18,115 shares of the company’s stock, valued at $3,378,990.95. The trade was a 68.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ALL. The Goldman Sachs Group increased their price target on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company increased their target price on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Evercore ISI upgraded Allstate from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 8th. Morgan Stanley increased their price objective on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Barclays decreased their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.94.

Allstate Stock Performance

ALL opened at $185.51 on Friday. The company’s 50 day moving average is $190.25 and its 200 day moving average is $190.15. 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 company has a market cap of $49.12 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.05 and a beta of 0.52. The Allstate Co. has a 12-month low of $153.87 and a 12-month high of $209.88.

Allstate (NYSE:ALL) last issued 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 net margin of 7.28% and a return on equity of 28.20%. On average, equities research analysts predict that The Allstate Co. will post 18.65 EPS for the current year.

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.