California Public Employees Retirement System Has $223.46 Million Stock Holdings in The Allstate Co. (NYSE:ALL)

California Public Employees Retirement System decreased its holdings in shares of The Allstate Co. (NYSE:ALL) by 0.4% in the 4th quarter, Holdings Channel reports. The fund owned 1,596,394 shares of the insurance provider’s stock after selling 5,635 shares during the period. California Public Employees Retirement System’s holdings in Allstate were worth $223,463,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Allstate by 11.5% in the third quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock valued at $3,595,266,000 after buying an additional 3,322,673 shares in the last quarter. Invesco Ltd. increased its holdings in Allstate by 46.6% in the 3rd quarter. Invesco Ltd. now owns 4,121,941 shares of the insurance provider’s stock worth $459,225,000 after purchasing an additional 1,311,095 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of Allstate by 23.0% during the third quarter. Diamond Hill Capital Management Inc. now owns 4,184,211 shares of the insurance provider’s stock worth $466,163,000 after purchasing an additional 782,696 shares during the last quarter. Nordea Investment Management AB raised its holdings in Allstate by 49.5% in the 3rd quarter. Nordea Investment Management AB now owns 1,640,174 shares of the insurance provider’s stock valued at $183,388,000 after buying an additional 542,842 shares during the last quarter. Finally, Morgan Stanley increased its position in Allstate by 16.9% in the 3rd quarter. Morgan Stanley now owns 3,701,607 shares of the insurance provider’s stock valued at $412,396,000 after acquiring an additional 536,137 shares during the period. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling

In other news, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the sale, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Allstate Stock Performance

ALL stock traded down $0.25 during midday trading on Tuesday, hitting $175.16. The company’s stock had a trading volume of 145,226 shares, compared to its average volume of 1,674,152. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.51. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $176.23. The stock’s 50-day moving average price is $164.17 and its 200 day moving average price is $147.99.

Allstate (NYSE:ALL) last posted its earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $1.95. The firm had revenue of $14.83 billion for the quarter, compared to analysts’ expectations of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.36) earnings per share. As a group, research analysts predict that The Allstate Co. will post 13.44 earnings per share for the current year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.10%. This is a boost from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date was Friday, March 1st. Allstate’s payout ratio is presently -296.77%.

Analyst Ratings Changes

A number of research firms recently commented on ALL. TheStreet raised Allstate from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. The Goldman Sachs Group boosted their target price on shares of Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a report on Monday, March 25th. JPMorgan Chase & Co. increased their price target on Allstate from $172.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Evercore ISI increased their price target on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Finally, Keefe, Bruyette & Woods upped their price target on Allstate from $181.00 to $189.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.71.

Allstate Company 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.