Kentucky Retirement Systems Reduces Stake in The Allstate Co. (NYSE:ALL)

Kentucky Retirement Systems cut its stake in shares of The Allstate Co. (NYSE:ALL) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,145 shares of the insurance provider’s stock after selling 250 shares during the period. Kentucky Retirement Systems’ holdings in Allstate were worth $3,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in Allstate during the 3rd quarter valued at $26,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Allstate in the third quarter valued at $29,000. Peoples Bank KS bought a new stake in shares of Allstate in the 4th quarter worth about $49,000. Stonebridge Financial Group LLC purchased a new position in shares of Allstate during the 4th quarter worth about $53,000. Finally, Golden State Wealth Management LLC bought a new position in Allstate during the 4th quarter valued at about $57,000. 76.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of Allstate stock in a transaction dated 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 owns 18,115 shares in the company, valued at $3,378,990.95. The trade was a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ALL. Keefe, Bruyette & Woods raised their price objective on shares of Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Jefferies Financial Group raised their price target on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. UBS Group boosted their price objective on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. Barclays reduced their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. Finally, Morgan Stanley boosted their target price on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Allstate presently has an average rating of “Moderate Buy” and an average price target of $217.94.

Allstate Price Performance

Shares of ALL opened at $185.51 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36. The company has a 50 day moving average price of $190.25 and a 200-day moving average price of $190.15. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88. The stock has a market capitalization of $49.12 billion, a PE ratio of 10.92, a PEG ratio of 1.05 and a beta of 0.52.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. Equities analysts predict that The Allstate Co. will post 18.65 earnings per share for the current fiscal year.

About Allstate

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.