Public Employees Retirement Association of Colorado Has $4.78 Million Holdings in The Allstate Co. (NYSE:ALL)

Public Employees Retirement Association of Colorado lessened its stake in The Allstate Co. (NYSE:ALL) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,839 shares of the insurance provider’s stock after selling 804 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Allstate were worth $4,780,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Applied Finance Capital Management LLC increased its stake in Allstate by 0.9% in the 1st quarter. Applied Finance Capital Management LLC now owns 104,489 shares of the insurance provider’s stock valued at $11,578,000 after buying an additional 958 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Allstate by 8.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,748 shares of the insurance provider’s stock worth $627,000 after purchasing an additional 460 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Allstate by 36.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 63,018 shares of the insurance provider’s stock worth $6,872,000 after purchasing an additional 16,851 shares during the last quarter. Pictet Asset Management SA increased its stake in shares of Allstate by 2.7% during the 1st quarter. Pictet Asset Management SA now owns 135,878 shares of the insurance provider’s stock worth $15,057,000 after purchasing an additional 3,572 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Allstate by 19.3% during the 1st quarter. ProShare Advisors LLC now owns 63,582 shares of the insurance provider’s stock worth $7,046,000 after purchasing an additional 10,271 shares during the last quarter. Institutional investors and hedge funds own 77.23% of the company’s stock.

Allstate Trading Down 0.1 %

Shares of Allstate stock opened at $131.56 on Thursday. The stock has a market capitalization of $34.43 billion, a P/E ratio of -16.59 and a beta of 0.52. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.64. The company has a 50-day simple moving average of $119.28 and a 200 day simple moving average of $113.53. The Allstate Co. has a 12-month low of $100.57 and a 12-month high of $142.15.

Allstate (NYSE:ALL) last announced its earnings results on Thursday, November 2nd. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.42. The business had revenue of $14.50 billion during the quarter, compared to analysts’ expectations of $12.78 billion. Allstate had a negative net margin of 3.51% and a negative return on equity of 10.95%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted ($1.56) EPS. Research analysts expect that The Allstate Co. will post -2.16 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.71%. Allstate’s dividend payout ratio (DPR) is currently -44.89%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ALL. The Goldman Sachs Group upped their price objective on shares of Allstate from $128.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. JPMorgan Chase & Co. decreased their price objective on shares of Allstate from $162.00 to $154.00 and set an “overweight” rating for the company in a report on Wednesday, August 2nd. Bank of America decreased their price objective on shares of Allstate from $143.00 to $138.00 in a report on Wednesday, August 2nd. Raymond James increased their price target on shares of Allstate from $145.00 to $155.00 and gave the company a “strong-buy” rating in a report on Monday, November 6th. Finally, Roth Mkm increased their price target on shares of Allstate from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.50.

Allstate Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products under the Allstate and Encompass brand names.