New York State Common Retirement Fund Has $30.84 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

New York State Common Retirement Fund lowered its stake in shares of The Allstate Co. (NYSE:ALL - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,970 shares of the insurance provider's stock after selling 7,500 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Allstate worth $30,841,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALL. FSA Wealth Management LLC acquired a new position in Allstate in the 3rd quarter valued at $26,000. Catalyst Capital Advisors LLC bought a new stake in Allstate during the third quarter valued at about $29,000. Peoples Bank KS acquired a new stake in shares of Allstate in the fourth quarter valued at about $49,000. Stonebridge Financial Group LLC bought a new position in shares of Allstate in the fourth quarter worth about $53,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Allstate during the 4th quarter worth about $57,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Allstate Price Performance

ALL stock traded down $3.67 during trading on Friday, hitting $185.51. The company had a trading volume of 1,427,939 shares, compared to its average volume of 1,864,422. The company has a fifty day moving average price of $190.46 and a two-hundred day moving average price of $190.04. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88. The company has a market cap of $49.12 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.05 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.

Allstate (NYSE:ALL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, beating 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%. Equities research analysts expect that The Allstate Co. will post 18.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ALL. Morgan Stanley raised their target price on Allstate from $220.00 to $228.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. 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 research note on Monday, November 4th. Barclays cut their target price on shares of Allstate from $187.00 to $183.00 and set an "underweight" rating for the company in a research note on Monday, January 6th. Wells Fargo & Company raised their price target on shares of Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group boosted their price objective on shares of Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Allstate presently has an average rating of "Moderate Buy" and an average target price of $217.94.

Insiders Place Their Bets

In other news, CFO Jesse E. Merten sold 40,102 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $186.53, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company's stock.

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.