Teachers Retirement System of The State of Kentucky Sells 37,591 Shares of The Allstate Co. (NYSE:ALL)

Teachers Retirement System of The State of Kentucky decreased its stake in The Allstate Co. (NYSE:ALL) by 32.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,594 shares of the insurance provider’s stock after selling 37,591 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Allstate were worth $12,228,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new stake in Allstate in the first quarter worth $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of Allstate during the 1st quarter valued at approximately $26,000. Versant Capital Management Inc grew its stake in Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after buying an additional 78 shares in the last quarter. Family Firm Inc. bought a new stake in Allstate during the 2nd quarter valued at $38,000. Finally, MCF Advisors LLC lifted its position in shares of Allstate by 33.9% during the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after acquiring an additional 84 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

NYSE:ALL opened at $189.92 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Co. has a fifty-two week low of $109.01 and a fifty-two week high of $193.97. The firm has a market cap of $50.12 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 1.81 and a beta of 0.48. The business has a 50 day moving average price of $181.94 and a 200-day moving average price of $171.88.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $0.33 by $1.28. The business had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($4.42) EPS. Equities research analysts predict that The Allstate Co. will post 15.2 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, August 30th were issued a dividend of $0.92 per share. The ex-dividend date was Friday, August 30th. This represents a $3.68 dividend on an annualized basis and a yield of 1.94%. Allstate’s dividend payout ratio is presently 81.24%.

Analyst Ratings Changes

A number of analysts recently issued reports on ALL shares. JPMorgan Chase & Co. boosted their price objective on Allstate from $193.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Piper Sandler increased their price target on shares of Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. TD Cowen boosted their price target on shares of Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Wells Fargo & Company lowered their target price on shares of Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. Finally, The Goldman Sachs Group boosted their price target on shares of Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Insider Buying and Selling at Allstate

In other news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the sale, the insider now directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider John E. Dugenske sold 36,367 shares of the firm’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 completion of the sale, the insider now directly owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert Toohey sold 16,682 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $180.17, for a total value of $3,005,595.94. Following the completion of the sale, the executive vice president now directly owns 4,873 shares in the company, valued at $877,968.41. The disclosure for this sale can be found here. Insiders sold 238,305 shares of company stock valued at $43,082,657 in the last 90 days. Insiders own 1.80% of the company’s stock.

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.