California State Teachers Retirement System increased its stake in shares of Allstate Corp (NYSE:ALL) by 8.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 690,583 shares of the insurance provider’s stock after acquiring an additional 51,023 shares during the period. California State Teachers Retirement System owned approximately 0.19% of Allstate worth $72,311,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in ALL. BlackRock Inc. lifted its position in Allstate by 5.8% during the 4th quarter. BlackRock Inc. now owns 26,950,291 shares of the insurance provider’s stock worth $2,821,964,000 after acquiring an additional 1,466,802 shares in the last quarter. Two Sigma Advisers LP lifted its position in Allstate by 122.7% during the 4th quarter. Two Sigma Advisers LP now owns 1,673,996 shares of the insurance provider’s stock worth $175,284,000 after acquiring an additional 922,168 shares in the last quarter. Janus Henderson Group PLC lifted its position in Allstate by 38.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,169,021 shares of the insurance provider’s stock worth $291,264,000 after acquiring an additional 872,370 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Allstate by 22.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,210,943 shares of the insurance provider’s stock worth $387,030,000 after acquiring an additional 769,761 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in Allstate by 20.2% during the 4th quarter. APG Asset Management N.V. now owns 4,047,736 shares of the insurance provider’s stock worth $352,963,000 after acquiring an additional 679,300 shares in the last quarter. 75.88% of the stock is currently owned by hedge funds and other institutional investors.
Allstate Corp (NYSE ALL) opened at $94.85 on Tuesday. Allstate Corp has a 52-week low of $79.09 and a 52-week high of $105.36. The stock has a market capitalization of $34,038.61, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 1.38 and a beta of 1.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.25 and a quick ratio of 0.25.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.94%. This is a positive change from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, March 2nd. Allstate’s dividend payout ratio is presently 21.98%.
Several research firms recently commented on ALL. Keefe, Bruyette & Woods lowered Allstate from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Zacks Investment Research lowered Allstate from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Goldman Sachs Group began coverage on Allstate in a research report on Monday, December 4th. They set a “neutral” rating and a $104.00 price target on the stock. Wells Fargo & Co lowered Allstate from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 9th. Finally, ValuEngine raised Allstate from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $99.00.
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Allstate Company Profile
The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.
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