Oregon Public Employees Retirement Fund Purchases 7,295 Shares of The Allstate Corporation $ALL

Oregon Public Employees Retirement Fund increased its position in The Allstate Corporation (NYSE:ALL) by 31.9% in the 3rd quarter, Holdings Channel reports. The firm owned 30,166 shares of the insurance provider’s stock after buying an additional 7,295 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Allstate were worth $6,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Allstate in the 2nd quarter valued at $482,870,000. Swedbank AB boosted its position in shares of Allstate by 2,157.8% during the 3rd quarter. Swedbank AB now owns 861,725 shares of the insurance provider’s stock valued at $184,969,000 after acquiring an additional 823,559 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Allstate by 52.7% in the second quarter. Ameriprise Financial Inc. now owns 1,385,901 shares of the insurance provider’s stock valued at $279,062,000 after acquiring an additional 478,598 shares during the period. Vanguard Group Inc. increased its stake in Allstate by 1.3% in the second quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock valued at $6,690,584,000 after acquiring an additional 435,145 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in Allstate in the second quarter worth about $68,590,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Up 0.6%

NYSE ALL opened at $212.34 on Friday. The stock’s 50 day simple moving average is $207.34 and its 200 day simple moving average is $203.32. The Allstate Corporation has a one year low of $176.00 and a one year high of $215.89. The firm has a market cap of $55.56 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 0.47 and a beta of 0.24. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.43 and a quick ratio of 0.43.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.48 by $5.69. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 35.42% and a net margin of 12.53%.The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.91 EPS. As a group, sell-side analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, December 1st. Allstate’s payout ratio is 12.95%.

Analysts Set New Price Targets

ALL has been the topic of a number of recent research reports. Evercore ISI set a $225.00 price objective on Allstate in a report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a research report on Wednesday, October 8th. Mizuho assumed coverage on Allstate in a research note on Monday, December 15th. They issued an “outperform” rating and a $254.00 price target on the stock. Wolfe Research upgraded Allstate to a “strong-buy” rating in a research note on Tuesday, September 16th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $215.00 price objective (down from $245.00) on shares of Allstate in a report on Tuesday, December 16th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $236.00.

Insiders Place Their Bets

In related news, insider Suren Gupta sold 21,871 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $215.21, for a total value of $4,706,857.91. Following the transaction, the insider directly owned 100,646 shares in the company, valued at $21,660,025.66. This represents a 17.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 48,400 shares of company stock valued at $10,313,256 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

About Allstate

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.