149,114 Shares in The Allstate Corporation $ALL Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of The Allstate Corporation (NYSE:ALL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 149,114 shares of the insurance provider’s stock, valued at approximately $35,480,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Allstate by 60.2% during the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after purchasing an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Allstate during the 4th quarter valued at about $231,000. WINTON GROUP Ltd bought a new stake in Allstate during the 2nd quarter worth approximately $210,000. Treasurer of the State of North Carolina raised its stake in shares of Allstate by 2.5% in the second quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider’s stock worth $24,816,000 after purchasing an additional 3,051 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in Allstate by 20.1% during the 2nd quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider’s stock valued at $7,713,000 after acquiring an additional 6,412 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Allstate Price Performance

Shares of NYSE ALL opened at $261.17 on Friday. The stock has a fifty day simple moving average of $254.14 and a two-hundred day simple moving average of $226.81. The Allstate Corporation has a 1-year low of $188.08 and a 1-year high of $277.22. The firm has a market cap of $66.04 billion, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of 0.39 and a beta of 0.16. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.06 by $2.93. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $15.46 billion. During the same period in the previous year, the company posted $5.94 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. Analysts anticipate that The Allstate Corporation will post 34.45 earnings per share for the current year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be issued a $1.08 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.32 annualized dividend and a yield of 1.7%. Allstate’s dividend payout ratio (DPR) is 8.63%.

Insider Activity at Allstate

In other Allstate news, COO Mario Rizzo sold 56,225 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the sale, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $21,747,396.96. This represents a 40.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andrea Redmond sold 2,225 shares of Allstate stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $202.91, for a total transaction of $451,474.75. Following the completion of the transaction, the director owned 2,225 shares of the company’s stock, valued at $451,474.75. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 91,446 shares of company stock worth $24,208,675. Company insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

ALL has been the subject of several recent analyst reports. Mizuho upped their target price on shares of Allstate from $255.00 to $272.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Cantor Fitzgerald boosted their price target on shares of Allstate from $236.00 to $242.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Roth Capital set a $300.00 target price on Allstate in a research note on Thursday, August 6th. Wells Fargo & Company downgraded Allstate from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $243.00 to $250.00 in a research note on Friday, August 7th. Finally, Weiss Ratings lowered Allstate from a “buy (a)” rating to a “buy (a-)” rating in a research report on Tuesday. Four analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $263.90.

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.