Public Employees Retirement System of Ohio Sells 9,136 Shares of The Allstate Corporation $ALL

Public Employees Retirement System of Ohio trimmed its position in shares of The Allstate Corporation (NYSE:ALL) by 7.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,360 shares of the insurance provider’s stock after selling 9,136 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Allstate were worth $24,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ALL. Vanguard Group Inc. lifted its stake in Allstate by 0.5% in the first quarter. Vanguard Group Inc. now owns 32,800,086 shares of the insurance provider’s stock worth $6,791,914,000 after purchasing an additional 164,662 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Allstate by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock worth $2,424,710,000 after buying an additional 2,374,684 shares during the period. GQG Partners LLC lifted its stake in shares of Allstate by 2.1% during the 1st quarter. GQG Partners LLC now owns 4,405,701 shares of the insurance provider’s stock worth $912,288,000 after acquiring an additional 89,185 shares during the last quarter. Boston Partners boosted its holdings in Allstate by 613.9% during the 1st quarter. Boston Partners now owns 2,482,654 shares of the insurance provider’s stock valued at $512,627,000 after acquiring an additional 2,134,893 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Allstate by 27.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider’s stock valued at $482,073,000 after acquiring an additional 497,982 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analysts Set New Price Targets

ALL has been the subject of several research analyst reports. Wolfe Research upgraded Allstate to a “strong-buy” rating in a research report on Tuesday, September 16th. BMO Capital Markets lifted their price objective on shares of Allstate from $230.00 to $235.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Cantor Fitzgerald upgraded shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. Wall Street Zen raised shares of Allstate from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, William Blair started coverage on Allstate in a report on Friday, June 6th. They issued a “sector outperform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $231.47.

Allstate Stock Performance

Shares of NYSE:ALL opened at $209.97 on Friday. The firm has a 50 day moving average of $202.75 and a 200 day moving average of $200.75. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $55.33 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 0.83 and a beta of 0.37. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $214.76.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $2.74. The business had revenue of $15.05 billion for the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The business’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $1.61 EPS. On average, sell-side analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be issued a $1.00 dividend. The ex-dividend date is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. Allstate’s payout ratio is currently 18.81%.

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.