The Allstate Co. (NYSE:ALL) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its holdings in shares of The Allstate Co. (NYSE:ALL) by 0.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 408,774 shares of the insurance provider’s stock after selling 1,395 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Allstate worth $70,722,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ALL. Confluence Wealth Services Inc. grew its stake in shares of Allstate by 0.9% during the 1st quarter. Confluence Wealth Services Inc. now owns 7,547 shares of the insurance provider’s stock valued at $1,306,000 after buying an additional 65 shares during the period. Brighton Jones LLC grew its stake in shares of Allstate by 1.9% in the fourth quarter. Brighton Jones LLC now owns 3,862 shares of the insurance provider’s stock valued at $541,000 after buying an additional 71 shares in the last quarter. SVB Wealth LLC lifted its position in Allstate by 1.2% during the 4th quarter. SVB Wealth LLC now owns 6,169 shares of the insurance provider’s stock worth $864,000 after acquiring an additional 72 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in Allstate by 1.5% in the 4th quarter. AdvisorNet Financial Inc now owns 5,384 shares of the insurance provider’s stock worth $754,000 after acquiring an additional 82 shares during the period. Finally, St. Johns Investment Management Company LLC boosted its stake in shares of Allstate by 2.2% in the fourth quarter. St. Johns Investment Management Company LLC now owns 3,955 shares of the insurance provider’s stock valued at $554,000 after purchasing an additional 85 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Performance

Shares of ALL opened at $179.59 on Thursday. The Allstate Co. has a one year low of $104.29 and a one year high of $180.87. The company has a 50-day moving average of $164.17 and a two-hundred day moving average of $163.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market cap of $47.40 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 1.82 and a beta of 0.48.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $1.28. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.04 billion. During the same period last year, the company earned ($4.42) earnings per share. Allstate’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts expect that The Allstate Co. will post 13.64 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio is 81.24%.

Analysts Set New Price Targets

ALL has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on Allstate from $197.00 to $199.00 and gave the company a “buy” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. increased their target price on shares of Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Morgan Stanley reduced their price objective on Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $194.00 price objective on shares of Allstate in a research report on Friday, July 5th. Finally, Bank of America lifted their target price on Allstate from $213.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $183.24.

Insiders Place Their Bets

In related news, insider Suren Gupta sold 45,775 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the transaction, the insider now directly owns 89,930 shares in the company, valued at $15,942,790.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.80% of the company’s stock.

About Allstate

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.