New York State Common Retirement Fund Trims Stock Position in The Allstate Co. (NYSE:ALL)

New York State Common Retirement Fund cut its stake in shares of The Allstate Co. (NYSE:ALL) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 159,970 shares of the insurance provider’s stock after selling 7,500 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of Allstate worth $30,841,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALL. Sequoia Financial Advisors LLC raised its stake in Allstate by 3.9% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,009 shares of the insurance provider’s stock valued at $1,520,000 after acquiring an additional 303 shares during the last quarter. Signaturefd LLC raised its stake in shares of Allstate by 2.6% during the 3rd quarter. Signaturefd LLC now owns 4,440 shares of the insurance provider’s stock worth $842,000 after buying an additional 111 shares in the last quarter. Eastern Bank raised its stake in shares of Allstate by 39.6% during the 3rd quarter. Eastern Bank now owns 4,142 shares of the insurance provider’s stock worth $786,000 after buying an additional 1,176 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in shares of Allstate during the 3rd quarter worth approximately $212,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of Allstate during the 3rd quarter worth approximately $285,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Trading Down 1.2 %

Shares of ALL opened at $189.37 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $50.15 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 1.03 and a beta of 0.52. The stock’s fifty day simple moving average is $190.46 and its 200 day simple moving average is $190.04. The Allstate Co. has a twelve month low of $153.87 and a twelve month high of $209.88.

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

Insider Buying and Selling at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the firm’s 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 directly owns 18,115 shares of the company’s stock, valued at $3,378,990.95. This trade represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ALL shares. Keefe, Bruyette & Woods increased their target price on Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Wells Fargo & Company increased their target price on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group increased their target price on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. UBS Group upped their price target on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Morgan Stanley upped their price target on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.94.

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.