Kentucky Retirement Systems Insurance Trust Fund Purchases 8,289 Shares of The Allstate Co. (NYSE:ALL)

Kentucky Retirement Systems Insurance Trust Fund boosted its position in shares of The Allstate Co. (NYSE:ALL) by 106.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,107 shares of the insurance provider’s stock after purchasing an additional 8,289 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Allstate were worth $3,105,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. FSA Wealth Management LLC bought a new position in Allstate in the 3rd quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate in the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of Allstate during the 3rd quarter valued at $29,000. Peoples Bank KS bought a new stake in Allstate during the 4th quarter valued at $49,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Allstate in the 4th quarter worth $53,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Price Performance

ALL stock opened at $187.53 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88. The business has a 50 day moving average price of $190.91 and a 200 day moving average price of $189.87. The stock has a market cap of $49.66 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.47 and a beta of 0.52.

Allstate (NYSE:ALL) last announced its quarterly earnings data 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 return on equity of 28.20% and a net margin of 7.28%. Equities research analysts anticipate that The Allstate Co. will post 18.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Allstate

In other news, CFO Jesse E. Merten sold 40,102 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now directly owns 18,115 shares in the company, valued at $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ALL has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company raised their target price on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. Barclays reduced their price target on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research report on Monday, January 6th. The Goldman Sachs Group raised their target price on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods raised their price target on Allstate from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.