Teachers Retirement System of The State of Kentucky Sells 56,615 Shares of The Allstate Co. (NYSE:ALL)

Teachers Retirement System of The State of Kentucky reduced its holdings in The Allstate Co. (NYSE:ALL - Free Report) by 73.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,979 shares of the insurance provider's stock after selling 56,615 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Allstate were worth $3,789,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. FSA Wealth Management LLC acquired a new stake in shares of Allstate during the third quarter worth approximately $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Allstate during the 3rd quarter valued at $29,000. Family Firm Inc. acquired a new position in shares of Allstate in the second quarter worth $38,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Allstate during the third quarter worth $58,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on ALL shares. The Goldman Sachs Group boosted their price target on Allstate from $209.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Jefferies Financial Group upped their target price on Allstate from $231.00 to $267.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Morgan Stanley lifted their price target on shares of Allstate from $220.00 to $228.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Raymond James upped their price objective on shares of Allstate from $205.00 to $220.00 and gave the stock a "strong-buy" rating in a report on Friday, October 4th. Finally, Keefe, Bruyette & Woods raised their target price on Allstate from $222.00 to $225.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Allstate presently has an average rating of "Moderate Buy" and a consensus price target of $217.19.

Insider Buying and Selling

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the sale, the insider now directly owns 27,364 shares of the company's stock, valued at approximately $5,236,922.32. This represents a 57.06 % decrease in their ownership of the stock. 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 corporate insiders.

Allstate Stock Up 2.1 %

Shares of ALL stock traded up $3.96 on Friday, hitting $196.26. 1,802,975 shares of the stock were exchanged, compared to its average volume of 1,550,028. The business has a 50-day moving average of $194.95 and a 200 day moving average of $181.30. The Allstate Co. has a fifty-two week low of $134.17 and a fifty-two week high of $209.88. The firm has a market capitalization of $51.97 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 1.70 and a beta of 0.50. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same period last year, the company earned $0.81 earnings per share. The firm's revenue was up 14.7% compared to the same quarter last year. Equities analysts anticipate that The Allstate Co. will post 16.26 EPS for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 29th will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, November 29th. Allstate's dividend payout ratio is currently 23.83%.

Allstate 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.