Bokf Na Decreases Holdings in The Allstate Corporation $ALL

Bokf Na trimmed its stake in shares of The Allstate Corporation (NYSE:ALL) by 10.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 61,917 shares of the insurance provider’s stock after selling 7,280 shares during the quarter. Bokf Na’s holdings in Allstate were worth $12,888,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ALL. Dorato Capital Management purchased a new position in Allstate during the fourth quarter valued at $27,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in Allstate by 112.3% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 73 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in Allstate by 101.3% during the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 76 shares in the last quarter. Palisade Asset Management LLC purchased a new position in Allstate during the third quarter valued at $31,000. Finally, South Plains Financial Inc. lifted its holdings in Allstate by 41.5% during the third quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 49 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Price Performance

Shares of ALL stock opened at $218.55 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The firm’s 50-day moving average is $210.59 and its two-hundred day moving average is $205.97. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $222.23. The company has a market capitalization of $56.26 billion, a PE ratio of 4.82, a price-to-earnings-growth ratio of 0.43 and a beta of 0.21.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The company had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same period in the previous year, the firm earned $3.53 earnings per share. Allstate’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts predict that The Allstate Corporation will post 27.15 earnings per share for the current year.

Insider Buying and Selling

In other Allstate news, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $17,991,267.60. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ALL. Piper Sandler raised their price target on shares of Allstate from $252.00 to $268.00 and gave the stock an “overweight” rating in a research note on Friday. Wall Street Zen downgraded shares of Allstate from a “buy” rating to a “hold” rating in a research note on Saturday. Evercore set a $225.00 price target on shares of Allstate in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods raised their price target on shares of Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 10th. Finally, Citigroup raised their price target on shares of Allstate from $221.00 to $226.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and an average price target of $240.56.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.