The Allstate Corporation $ALL Shares Sold by Arizona State Retirement System

Arizona State Retirement System lessened its stake in shares of The Allstate Corporation (NYSE:ALL) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,213 shares of the insurance provider’s stock after selling 3,138 shares during the quarter. Arizona State Retirement System’s holdings in Allstate were worth $15,447,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in shares of Allstate by 79.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the period. Dorato Capital Management purchased a new position in shares of Allstate in the 4th quarter worth $27,000. Barnes Dennig Private Wealth Management LLC raised its position in shares of Allstate by 112.3% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after buying an additional 73 shares during the period. Palisade Asset Management LLC purchased a new position in shares of Allstate in the 3rd quarter worth $31,000. Finally, Princeton Global Asset Management LLC raised its position in shares of Allstate by 101.3% in the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock worth $31,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Trading Down 1.6%

Allstate stock opened at $213.15 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $55.04 billion, a price-to-earnings ratio of 5.58, a price-to-earnings-growth ratio of 0.44 and a beta of 0.22. The Allstate Corporation has a 1 year low of $188.08 and a 1 year high of $219.48. The firm’s 50 day moving average price is $209.79 and its two-hundred day moving average price is $205.72.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.72 by $5.59. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The firm had revenue of $17.35 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter in the previous year, the business posted $7.67 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, research analysts predict that The Allstate Corporation will post 25.95 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, March 2nd. This is a positive change from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio is presently 11.31%.

Analyst Ratings Changes

Several research analysts have commented on the company. Zacks Research lowered Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Wells Fargo & Company raised their price objective on Allstate from $227.00 to $229.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Barclays raised their price objective on Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods raised their price objective on Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. Finally, TD Cowen lowered Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and an average target price of $238.65.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.