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 lowered its stake in The Allstate Co. (NYSE:ALL) by 73.9% during the third quarter, HoldingsChannel.com reports. 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 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. FSA Wealth Management LLC bought a new stake in shares of Allstate in the third quarter worth $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Allstate in the third quarter worth $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate in the third quarter worth $29,000. Family Firm Inc. bought a new stake in shares of Allstate in the second quarter worth $38,000. Finally, MCF Advisors LLC lifted its position in shares of Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Insider Activity at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the transaction, the insider now directly owns 27,364 shares in the company, 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 accessible through this link. 1.80% of the stock is currently owned by corporate insiders.

Allstate Price Performance

NYSE:ALL opened at $196.25 on Friday. The Allstate Co. has a one year low of $134.17 and a one year high of $209.88. The company has a market cap of $51.97 billion, a P/E ratio of 12.71, a P/E/G ratio of 1.70 and a beta of 0.50. The firm’s fifty day moving average price is $194.95 and its two-hundred day moving average price is $181.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

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

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 29th will be paid a $0.92 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.88%. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ALL shares. Keefe, Bruyette & Woods boosted their price objective on shares of Allstate from $222.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Morgan Stanley boosted their price objective on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Evercore ISI boosted their target price on shares of Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a report on Wednesday, October 9th. Raymond James boosted their target price 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, Barclays boosted their target price on shares of Allstate from $175.00 to $187.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $217.19.

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.