The Allstate Co. (NYSE:ALL) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its position in The Allstate Co. (NYSE:ALL) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,579 shares of the insurance provider’s stock after selling 400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Allstate were worth $3,775,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ALL. VSM Wealth Advisory LLC purchased a new position in shares of Allstate during the fourth quarter valued at approximately $25,000. Twin Tree Management LP purchased a new position in shares of Allstate during the 4th quarter worth $27,000. Vision Financial Markets LLC acquired a new stake in shares of Allstate during the fourth quarter worth $29,000. Hopwood Financial Services Inc. purchased a new stake in shares of Allstate in the fourth quarter valued at $29,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Allstate in the fourth quarter valued at $40,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Trading Up 0.6 %

Shares of ALL opened at $195.04 on Thursday. 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 Allstate Co. has a one year low of $156.66 and a one year high of $212.91. The stock has a 50-day moving average price of $197.39 and a 200 day moving average price of $194.39. The company has a market capitalization of $51.69 billion, a P/E ratio of 11.48, a P/E/G ratio of 1.01 and a beta of 0.36.

Allstate (NYSE:ALL) last released its quarterly 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 net margin of 7.28% and a return on equity of 28.20%. Sell-side analysts forecast that The Allstate Co. will post 18.74 EPS for the current fiscal year.

Allstate declared that its board has approved a stock buyback plan on Wednesday, February 26th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Monday, March 10th. This is a positive change from Allstate’s previous quarterly dividend of $0.92. Allstate’s dividend payout ratio is 23.54%.

Insider Transactions at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the company’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 transaction of $7,480,226.06. Following the sale, the chief financial officer now directly owns 18,115 shares of the company’s stock, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. StockNews.com cut Allstate from a “buy” rating to a “hold” rating in a report on Friday, April 18th. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price objective on shares of Allstate from $217.00 to $222.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. Barclays cut their target price on Allstate from $183.00 to $172.00 and set an “underweight” rating on the stock in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods dropped their price target on Allstate from $240.00 to $228.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and a consensus target price of $219.27.

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.