The Allstate Co. (NYSE:ALL) Position Lowered by Texas Permanent School Fund

Texas Permanent School Fund lowered its holdings in The Allstate Co. (NYSE:ALLGet Rating) by 8.0% during the first quarter, HoldingsChannel.com reports. The fund owned 36,396 shares of the insurance provider’s stock after selling 3,146 shares during the period. Texas Permanent School Fund’s holdings in Allstate were worth $5,041,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. AIA Group Ltd lifted its holdings in Allstate by 39.0% in the first quarter. AIA Group Ltd now owns 3,390 shares of the insurance provider’s stock worth $470,000 after acquiring an additional 952 shares during the last quarter. Independent Advisor Alliance lifted its holdings in Allstate by 182.8% in the first quarter. Independent Advisor Alliance now owns 8,978 shares of the insurance provider’s stock worth $1,244,000 after acquiring an additional 5,803 shares during the last quarter. BTC Capital Management Inc. lifted its holdings in Allstate by 0.5% in the first quarter. BTC Capital Management Inc. now owns 31,019 shares of the insurance provider’s stock worth $4,297,000 after acquiring an additional 165 shares during the last quarter. Insight 2811 Inc. lifted its holdings in Allstate by 16.8% in the first quarter. Insight 2811 Inc. now owns 2,620 shares of the insurance provider’s stock worth $363,000 after acquiring an additional 377 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its holdings in Allstate by 14.4% in the first quarter. IFM Investors Pty Ltd now owns 44,849 shares of the insurance provider’s stock worth $6,212,000 after acquiring an additional 5,653 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.

Wall Street Analysts Forecast Growth

ALL has been the topic of several analyst reports. Raymond James dropped their price target on shares of Allstate from $165.00 to $155.00 in a research note on Thursday, July 21st. Morgan Stanley dropped their price target on shares of Allstate from $152.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Monday, May 23rd. TheStreet lowered shares of Allstate from a “b” rating to a “c+” rating in a research note on Wednesday. Argus lowered shares of Allstate from a “buy” rating to a “hold” rating in a research note on Friday, May 20th. Finally, Piper Sandler dropped their price target on shares of Allstate from $150.00 to $147.00 and set an “overweight” rating on the stock in a research note on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $142.58.

Allstate Trading Up 2.7 %

Allstate stock opened at $117.00 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.43 and a current ratio of 0.40. The firm has a market cap of $31.63 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 4.93 and a beta of 0.73. The Allstate Co. has a 1 year low of $106.11 and a 1 year high of $144.46. The firm’s 50 day moving average price is $124.31 and its two-hundred day moving average price is $127.64.

Allstate (NYSE:ALLGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The insurance provider reported ($0.76) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.27) by $0.51. Allstate had a net margin of 1.99% and a return on equity of 7.53%. During the same period last year, the business earned $3.79 EPS. On average, research analysts predict that The Allstate Co. will post 5.28 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Wednesday, August 31st will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.91%. The ex-dividend date is Tuesday, August 30th. Allstate’s dividend payout ratio (DPR) is currently 118.47%.

Insider Buying and Selling at Allstate

In other news, CEO Thomas J. Wilson sold 142,000 shares of Allstate stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $133.39, for a total transaction of $18,941,380.00. Following the transaction, the chief executive officer now owns 99,828 shares in the company, valued at $13,316,056.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.77% of the company’s stock.

Allstate Company Profile

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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; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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