Teacher Retirement System of Texas increased its stake in Allstate Corp. (NYSE:ALL) by 80.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 301,777 shares of the company’s stock after buying an additional 134,500 shares during the period. Teacher Retirement System of Texas owned approximately 0.08% of Allstate Corp. worth $20,877,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Standard Life Investments LTD boosted its stake in shares of Allstate Corp. by 556.2% in the second quarter. Standard Life Investments LTD now owns 3,243,360 shares of the company’s stock valued at $226,857,000 after buying an additional 2,749,105 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Allstate Corp. by 204.5% in the second quarter. American Century Companies Inc. now owns 3,874,045 shares of the company’s stock valued at $270,989,000 after buying an additional 2,601,606 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Allstate Corp. during the second quarter valued at $130,921,000. Emerald Acquisition Ltd. acquired a new stake in shares of Allstate Corp. during the second quarter valued at $107,083,000. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Allstate Corp. by 809.1% in the second quarter. Westwood Holdings Group Inc. now owns 1,192,102 shares of the company’s stock valued at $83,388,000 after buying an additional 1,060,975 shares in the last quarter. Institutional investors own 77.04% of the company’s stock.
Allstate Corp. (NYSE:ALL) traded down 0.03% during trading on Friday, hitting $72.38. 1,963,055 shares of the stock were exchanged. The stock has a market cap of $26.65 billion, a P/E ratio of 19.60 and a beta of 0.96. The stock has a 50 day moving average of $68.97 and a 200-day moving average of $68.45. Allstate Corp. has a 52 week low of $56.03 and a 52 week high of $72.72.
Allstate Corp. (NYSE:ALL) last issued its earnings results on Wednesday, November 2nd. The company reported $1.26 EPS for the quarter, hitting analysts’ consensus estimates of $1.26. The company had revenue of $7.87 billion for the quarter, compared to analysts’ expectations of $8.35 billion. Allstate Corp. had a net margin of 4.25% and a return on equity of 9.16%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 EPS. Equities analysts expect that Allstate Corp. will post $4.29 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Wednesday, November 30th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Monday, November 28th. Allstate Corp.’s payout ratio is presently 35.68%.
Several analysts recently weighed in on ALL shares. Barclays PLC reissued an “overweight” rating and issued a $79.00 price objective (up previously from $74.00) on shares of Allstate Corp. in a research note on Friday, September 30th. Credit Suisse Group AG set a $73.00 price objective on shares of Allstate Corp. and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Argus reissued a “buy” rating and issued a $76.00 price objective on shares of Allstate Corp. in a research note on Friday, September 2nd. Zacks Investment Research cut shares of Allstate Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 25th. Finally, William Blair reissued an “underperform” rating on shares of Allstate Corp. in a research note on Saturday, September 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $72.27.
In related news, VP Samuel H. Pilch sold 21,178 shares of Allstate Corp. stock in a transaction on Monday, November 21st. The shares were sold at an average price of $72.24, for a total value of $1,529,898.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.58% of the stock is currently owned by corporate insiders.
Allstate Corp. Company Profile