Illinois Municipal Retirement Fund Reduces Stock Holdings in The Allstate Corporation $ALL

Illinois Municipal Retirement Fund reduced its position in The Allstate Corporation (NYSE:ALL) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,589 shares of the insurance provider’s stock after selling 3,277 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Allstate worth $30,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arlington Trust Co LLC raised its position in shares of Allstate by 261.8% in the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock valued at $25,000 after buying an additional 89 shares during the last quarter. Hughes Financial Services LLC purchased a new position in shares of Allstate during the 1st quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its position in shares of Allstate by 315.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 126 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Allstate in the 2nd quarter worth approximately $34,000. Finally, Chilton Capital Management LLC purchased a new position in shares of Allstate during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of Allstate stock opened at $202.29 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $215.70. The firm’s 50-day simple moving average is $201.86 and its 200-day simple moving average is $201.23. The firm has a market cap of $52.94 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, topping analysts’ consensus estimates of $5.48 by $5.69. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The company had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter last year, the business posted $3.91 EPS. Allstate’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ALL. Cantor Fitzgerald raised Allstate to a “hold” rating in a research note on Wednesday, August 13th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $260.00 target price (up from $250.00) on shares of Allstate in a research note on Monday, August 4th. Wells Fargo & Company raised their price target on shares of Allstate from $202.00 to $216.00 and gave the company an “equal weight” rating in a research report on Friday. Roth Capital set a $230.00 target price on Allstate and gave the company a “buy” rating in a report on Friday, September 26th. Finally, Barclays reissued an “underweight” rating and set a $198.00 target price (up from $188.00) on shares of Allstate in a research note on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.53.

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.