The Allstate Corporation $ALL Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in The Allstate Corporation (NYSE:ALL) by 15.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 865,361 shares of the insurance provider’s stock after selling 157,599 shares during the period. California Public Employees Retirement System owned 0.33% of Allstate worth $185,750,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALL. Harbor Capital Advisors Inc. lifted its holdings in Allstate by 79.7% during 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 last quarter. Barnes Dennig Private Wealth Management LLC increased its holdings 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 valued at $30,000 after acquiring an additional 73 shares during the last quarter. Clearstead Trust LLC increased its holdings in shares of Allstate by 3,800.0% in the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 152 shares during the last quarter. Armstrong Advisory Group Inc. raised its position in shares of Allstate by 72.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 67 shares in the last quarter. Finally, South Plains Financial Inc. boosted its holdings in Allstate by 41.5% in the third quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 49 shares during the period. 76.47% of the stock is owned by institutional investors.

Allstate Stock Performance

Shares of ALL opened at $206.22 on Monday. The firm has a fifty day moving average of $204.52 and a 200-day moving average of $204.71. The company has a market cap of $53.52 billion, a price-to-earnings ratio of 5.40, a price-to-earnings-growth ratio of 0.43 and a beta of 0.23. 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 Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $216.75.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. The business had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $7.67 EPS. As a group, equities analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be paid a $1.08 dividend. The ex-dividend date is Monday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 annualized dividend and a dividend yield of 2.1%. Allstate’s dividend payout ratio (DPR) is 11.31%.

Analyst Upgrades and Downgrades

ALL has been the subject of several recent research reports. Zacks Research upgraded shares of Allstate from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $260.00 price target on shares of Allstate in a report on Tuesday, March 3rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $215.00 price objective (down from $245.00) on shares of Allstate in a research report on Tuesday, December 16th. Keefe, Bruyette & Woods raised their target price on shares of Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, February 10th. Finally, Mizuho lifted their target price on Allstate from $255.00 to $281.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $238.88.

Insider Buying and Selling at Allstate

In other news, insider Suren Gupta sold 19,593 shares of Allstate stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the sale, the insider owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. The trade was a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

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.