New York State Teachers Retirement System Purchases 32,973 Shares of The Allstate Co. (NYSE:ALL)

New York State Teachers Retirement System increased its position in The Allstate Co. (NYSE:ALL) by 14.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 263,186 shares of the insurance provider’s stock after buying an additional 32,973 shares during the quarter. New York State Teachers Retirement System’s holdings in Allstate were worth $49,913,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Diversified Trust Co bought a new position in shares of Allstate during the 1st quarter valued at about $226,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Allstate by 1.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 687,386 shares of the insurance provider’s stock valued at $118,925,000 after purchasing an additional 6,760 shares during the last quarter. Norden Group LLC bought a new position in shares of Allstate during the 1st quarter valued at about $641,000. Kovack Advisors Inc. bought a new position in shares of Allstate during the 1st quarter valued at about $229,000. Finally, Retirement Systems of Alabama boosted its holdings in shares of Allstate by 0.5% during the 1st quarter. Retirement Systems of Alabama now owns 57,937 shares of the insurance provider’s stock valued at $10,024,000 after purchasing an additional 262 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ALL shares. The Goldman Sachs Group increased their price target on shares of Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Barclays started coverage on shares of Allstate in a report on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 price target for the company. Piper Sandler increased their price target on shares of Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a report on Friday, August 16th. BMO Capital Markets increased their price target on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price target on shares of Allstate in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $206.44.

Insider Activity

In other news, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the sale, the chief executive officer now owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the completion of the transaction, the executive vice president now owns 4,873 shares of the company’s stock, valued at $877,968.41. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the transaction, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at $15,880,915.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 192,530 shares of company stock valued at $34,967,665. Corporate insiders own 1.80% of the company’s stock.

Allstate Stock Performance

Allstate stock opened at $189.58 on Thursday. The company has a 50 day moving average price of $188.69 and a 200-day moving average price of $174.95. 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 $125.63 and a fifty-two week high of $198.79. The company has a market capitalization of $50.03 billion, a PE ratio of 41.85, a P/E/G ratio of 1.74 and a beta of 0.48.

Allstate (NYSE:ALL) last posted 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. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. During the same quarter in the previous year, the firm posted ($4.42) earnings per share. The company’s revenue was up 12.4% on a year-over-year basis. As a group, equities analysts forecast that The Allstate Co. will post 15.19 earnings per share for the current year.

Allstate Company 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.