Public Employees Retirement System of Ohio Sells 8,563 Shares of The Allstate Co. (NYSE:ALL)

Public Employees Retirement System of Ohio reduced its holdings in The Allstate Co. (NYSE:ALL) by 6.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,555 shares of the insurance provider’s stock after selling 8,563 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Allstate were worth $21,376,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. bought a new position in Allstate in the 1st quarter worth about $25,000. Private Wealth Management Group LLC purchased a new position in shares of Allstate in the 4th quarter worth about $25,000. Rise Advisors LLC purchased a new position in shares of Allstate in the 1st quarter worth about $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Allstate in the 1st quarter worth about $26,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of Allstate in the 4th quarter worth about $36,000. 76.47% of the stock is currently owned by institutional investors.

Insider Transactions at Allstate

In other news, insider Suren Gupta sold 45,775 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $177.28, for a total value of $8,114,992.00. Following the completion of the transaction, the insider now owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Allstate Trading Up 0.4 %

ALL traded up $0.61 during midday trading on Monday, reaching $169.78. 776,468 shares of the company’s stock traded hands, compared to its average volume of 1,566,364. The firm has a fifty day moving average of $163.94 and a two-hundred day moving average of $163.55. The stock has a market capitalization of $44.81 billion, a price-to-earnings ratio of 37.31, a P/E/G ratio of 1.77 and a beta of 0.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.36. The Allstate Co. has a 52 week low of $104.29 and a 52 week high of $179.93.

Allstate (NYSE:ALL) last released its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, beating analysts’ consensus estimates of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The business had revenue of $15.26 billion during the quarter, compared to analyst estimates of $12.76 billion. During the same quarter in the prior year, the company posted ($1.30) EPS. Allstate’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities analysts anticipate that The Allstate Co. will post 13.64 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, October 1st. Stockholders of record on Friday, August 30th will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Friday, August 30th. Allstate’s dividend payout ratio is currently 81.24%.

Wall Street Analysts Forecast Growth

ALL has been the subject of a number of research reports. Evercore ISI upped their price objective on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. StockNews.com cut Allstate from a “strong-buy” rating to a “buy” rating in a report on Monday, June 3rd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $194.00 price objective on shares of Allstate in a report on Friday, July 5th. BMO Capital Markets upgraded Allstate from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $190.00 to $191.00 in a report on Thursday, July 18th. Finally, Morgan Stanley cut their price objective on Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and an average target price of $178.06.

Allstate Profile

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.