Public Employees Retirement System of Ohio Sells 11,844 Shares of The Allstate Co. (NYSE:ALL)

Public Employees Retirement System of Ohio lessened its stake in shares of The Allstate Co. (NYSE:ALLFree Report) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,904 shares of the insurance provider’s stock after selling 11,844 shares during the period. Public Employees Retirement System of Ohio’s holdings in Allstate were worth $11,910,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ALL. Sei Investments Co. increased its stake in Allstate by 40.2% during the 1st quarter. Sei Investments Co. now owns 187,869 shares of the insurance provider’s stock valued at $26,022,000 after purchasing an additional 53,824 shares in the last quarter. Prudential PLC bought a new stake in shares of Allstate during the first quarter valued at approximately $1,325,000. Cetera Investment Advisers lifted its position in Allstate by 13.9% in the 1st quarter. Cetera Investment Advisers now owns 23,536 shares of the insurance provider’s stock valued at $3,260,000 after acquiring an additional 2,874 shares in the last quarter. Dakota Wealth Management purchased a new stake in Allstate during the 1st quarter valued at $270,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Allstate by 36.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,237 shares of the insurance provider’s stock worth $448,000 after purchasing an additional 860 shares in the last quarter. Hedge funds and other institutional investors own 77.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ALL shares. StockNews.com raised Allstate from a “hold” rating to a “buy” rating in a research report on Friday, November 24th. Raymond James raised their target price on shares of Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Morgan Stanley upgraded shares of Allstate from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $117.00 to $171.00 in a research note on Thursday, January 4th. BMO Capital Markets raised their price target on Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a research note on Friday, January 19th. Finally, TheStreet upgraded Allstate from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $159.12.

Check Out Our Latest Stock Report on Allstate

Allstate Price Performance

ALL stock opened at $162.20 on Friday. The company has a fifty day simple moving average of $157.15 and a two-hundred day simple moving average of $137.19. The Allstate Co. has a 52 week low of $100.57 and a 52 week high of $168.05. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $42.67 billion, a P/E ratio of -130.81, a price-to-earnings-growth ratio of 0.43 and a beta of 0.51.

Allstate (NYSE:ALLGet Free Report) last announced its earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $1.95. The firm had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.36) EPS. Analysts anticipate that The Allstate Co. will post 12.97 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.27%. This is an increase from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Friday, March 1st. Allstate’s dividend payout ratio is presently -296.77%.

Insider Buying and Selling

In other news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the sale, the chief accounting officer now directly owns 10,736 shares in the company, valued at $1,712,069.92. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.70% of the stock is currently owned by corporate insiders.

Allstate Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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