New Mexico Educational Retirement Board Cuts Stock Holdings in The Allstate Co. (NYSE:ALL)

New Mexico Educational Retirement Board lowered its stake in shares of The Allstate Co. (NYSE:ALL) by 2.3% during the fourth quarter, Holdings Channel reports. The fund owned 12,634 shares of the insurance provider’s stock after selling 300 shares during the period. New Mexico Educational Retirement Board’s holdings in Allstate were worth $2,436,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ALL. Valeo Financial Advisors LLC grew its stake in shares of Allstate by 8.5% during the fourth quarter. Valeo Financial Advisors LLC now owns 4,243 shares of the insurance provider’s stock worth $818,000 after purchasing an additional 333 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in Allstate in the fourth quarter valued at $42,988,000. Asset Planning Inc acquired a new position in Allstate in the fourth quarter valued at $6,334,000. Vontobel Holding Ltd. boosted its stake in Allstate by 3.4% in the fourth quarter. Vontobel Holding Ltd. now owns 43,131 shares of the insurance provider’s stock valued at $8,315,000 after acquiring an additional 1,438 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in Allstate by 1.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 106,580 shares of the insurance provider’s stock valued at $20,655,000 after acquiring an additional 1,237 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of NYSE:ALL opened at $187.53 on Friday. The Allstate Co. has a fifty-two week low of $153.87 and a fifty-two week high of $209.88. 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 company has a market cap of $49.66 billion, a PE ratio of 11.04, a P/E/G ratio of 1.47 and a beta of 0.52. The firm has a 50-day simple moving average of $190.91 and a 200 day simple moving average of $189.63.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%. On average, sell-side analysts anticipate that The Allstate Co. will post 18.64 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on ALL shares. The Goldman Sachs Group upped their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Barclays decreased their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company upped their target price on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley upped their target price on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.94.

Insider Transactions at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the completion of the sale, the chief financial officer now directly owns 18,115 shares of the company’s stock, valued at $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

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.