The Allstate Corporation $ALL Stake Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in shares of The Allstate Corporation (NYSE:ALL) by 3.1% in the third quarter, HoldingsChannel reports. The fund owned 130,432 shares of the insurance provider’s stock after buying an additional 3,983 shares during the quarter. Teacher Retirement System of Texas’ holdings in Allstate were worth $27,997,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ALL. Harbor Capital Advisors Inc. lifted its position in shares of Allstate by 79.7% in the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares in the last quarter. Barnes Dennig Private Wealth Management LLC increased its stake in Allstate by 112.3% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after buying an additional 73 shares during the period. Clearstead Trust LLC increased its stake in Allstate by 3,800.0% in the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after buying an additional 152 shares during the period. Armstrong Advisory Group Inc. lifted its position in Allstate by 72.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 160 shares of the insurance provider’s stock worth $34,000 after buying an additional 67 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Allstate by 315.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock valued at $33,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Buying and Selling

In other news, insider Suren Gupta sold 21,871 shares of Allstate 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 owned 100,646 shares of the company’s stock, valued at $21,660,025.66. This trade represents a 17.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 48,400 shares of company stock worth $10,313,256 in the last 90 days. Company insiders own 1.70% of the company’s stock.

Allstate Trading Down 0.9%

Allstate stock opened at $193.54 on Friday. The Allstate Corporation has a one year low of $176.00 and a one year high of $215.89. The company’s fifty day moving average price is $205.96 and its two-hundred day moving average price is $203.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market capitalization of $50.65 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 0.43 and a beta of 0.24.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.48 by $5.69. The company 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 firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.91 EPS. On average, analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. Allstate’s dividend payout ratio is presently 12.95%.

Wall Street Analysts Forecast Growth

ALL has been the topic of a number of research reports. BMO Capital Markets upped their price target on shares of Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Allstate in a research report on Wednesday. TD Cowen lowered Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. William Blair downgraded Allstate from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Finally, Wells Fargo & Company lifted their price target on Allstate from $216.00 to $223.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $236.19.

Allstate Profile

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.