The Allstate Co. (NYSE:ALL) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its position in The Allstate Co. (NYSE:ALL) by 16.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,682 shares of the insurance provider’s stock after selling 15,115 shares during the period. State of Alaska Department of Revenue’s holdings in Allstate were worth $13,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ALL. Mutual Advisors LLC boosted its stake in shares of Allstate by 6.2% in the third quarter. Mutual Advisors LLC now owns 2,088 shares of the insurance provider’s stock worth $233,000 after acquiring an additional 121 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Allstate by 103.6% during the third quarter. Tower Research Capital LLC TRC now owns 10,546 shares of the insurance provider’s stock worth $1,175,000 after buying an additional 5,367 shares during the last quarter. Bank of Nova Scotia boosted its stake in Allstate by 14.5% during the third quarter. Bank of Nova Scotia now owns 28,582 shares of the insurance provider’s stock worth $3,184,000 after buying an additional 3,622 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Allstate by 2.5% during the third quarter. Glenmede Trust Co. NA now owns 105,463 shares of the insurance provider’s stock worth $11,750,000 after buying an additional 2,590 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in Allstate by 31.4% during the third quarter. Evergreen Capital Management LLC now owns 3,368 shares of the insurance provider’s stock worth $378,000 after buying an additional 805 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ALL shares. Wells Fargo & Company boosted their price objective on Allstate from $146.00 to $153.00 and gave the stock an “underweight” rating in a research note on Friday, May 10th. Roth Mkm boosted their price objective on Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. boosted their price objective on Allstate from $185.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $194.00 target price on shares of Allstate in a research report on Friday, June 21st. Finally, The Goldman Sachs Group lifted their target price on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $174.88.

Allstate Trading Down 0.5 %

NYSE:ALL opened at $159.43 on Thursday. The stock has a market cap of $42.08 billion, a P/E ratio of 35.19, a P/E/G ratio of 1.88 and a beta of 0.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $177.37. The stock has a 50-day simple moving average of $165.27 and a 200-day simple moving average of $160.48.

Allstate (NYSE:ALL) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $1.02. The firm had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.30) EPS. As a group, analysts anticipate that The Allstate Co. will post 12.15 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, May 31st were given a $0.92 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.31%. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

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.