Olympiad Research LP Has $296,000 Stock Holdings in The Allstate Co. (NYSE:ALL)

by · The Cerbat Gem

Olympiad Research LP cut its holdings in shares of The Allstate Co. (NYSE:ALL – Free Report) by 17.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,535 shares of the insurance provider’s stock after selling 320 shares during the quarter. Olympiad Research LP’s holdings in Allstate were worth $296,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new stake in Allstate during the 3rd quarter worth approximately $26,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate in the 3rd quarter worth approximately $29,000. Peoples Bank KS acquired a new position in shares of Allstate in the 4th quarter worth approximately $49,000. Stonebridge Financial Group LLC acquired a new position in shares of Allstate in the 4th quarter worth approximately $53,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Allstate in the 4th quarter worth approximately $57,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now owns 18,115 shares in the company, valued at $3,378,990.95. This represents a 68.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Allstate Stock Performance

Shares of ALL stock opened at $185.51 on Friday. The firm 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. The firm has a fifty day simple moving average of $190.25 and a two-hundred day simple moving average of $190.29. 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 12 month low of $153.87 and a 12 month high of $209.88.

Allstate (NYSE:ALL – Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS 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%. Analysts forecast that The Allstate Co. will post 18.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ALL. Barclays dropped their price target on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research report on Monday, January 6th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Piper Sandler boosted their price target on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. UBS Group boosted their price target on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company boosted their target price on shares of Allstate from $186.00 to $187.00 and gave the company 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 issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $217.94.

Read Our Latest Research Report on Allstate

Allstate Company Profile

(Free Report)

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.

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