New York State Teachers Retirement System Lowers Holdings in The Allstate Co. (NYSE:ALL)

New York State Teachers Retirement System lowered its position in The Allstate Co. (NYSE:ALL - Free Report) by 1.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 258,452 shares of the insurance provider's stock after selling 4,734 shares during the period. New York State Teachers Retirement System owned 0.10% of Allstate worth $49,827,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ALL. SPC Financial Inc. grew its position in Allstate by 3.6% in the 3rd quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider's stock valued at $297,000 after purchasing an additional 54 shares during the period. Lake Street Advisors Group LLC grew its position in Allstate by 1.8% during the third quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider's stock valued at $596,000 after buying an additional 54 shares during the period. Chicago Partners Investment Group LLC grew its holdings in Allstate by 1.3% during the third quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider's stock valued at $893,000 after purchasing an additional 59 shares during the period. Carmichael Hill & Associates Inc. grew its stake in shares of Allstate by 15.0% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider's stock worth $87,000 after acquiring an additional 60 shares during the period. Finally, Apella Capital LLC boosted its position in Allstate by 1.9% during the fourth quarter. Apella Capital LLC now owns 3,231 shares of the insurance provider's stock worth $623,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 76.47% of the company's stock.

Insider Buying and Selling

In related news, CFO Jesse E. Merten sold 40,102 shares of Allstate 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 transaction, the chief financial officer now directly owns 18,115 shares in the company, valued at $3,378,990.95. This trade represents a 68.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ALL has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective 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. Morgan Stanley upped their target price on Allstate from $220.00 to $228.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. The Goldman Sachs Group boosted their target price on Allstate from $209.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, November 15th. UBS Group upped their price target on shares of Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods increased their price objective on Allstate from $235.00 to $240.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, one has assigned 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $217.94.

Allstate Stock Performance

Shares of NYSE:ALL traded up $2.72 during midday trading on Wednesday, reaching $191.67. The company's stock had a trading volume of 1,142,755 shares, compared to its average volume of 1,893,136. The stock has a fifty day moving average of $190.55 and a 200 day moving average of $190.03. The firm has a market capitalization of $50.76 billion, a PE ratio of 11.28, a P/E/G ratio of 1.02 and a beta of 0.52. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. The Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88.

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

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.