Public Employees Retirement Association of Colorado Sells 741 Shares of The Allstate Co. (NYSE:ALL)

Public Employees Retirement Association of Colorado reduced its position in shares of The Allstate Co. (NYSE:ALL) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,779 shares of the insurance provider’s stock after selling 741 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Allstate were worth $5,872,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ALL. Rise Advisors LLC bought a new position in shares of Allstate during the first quarter valued at approximately $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Allstate in the 1st quarter valued at $26,000. Versant Capital Management Inc raised its position in shares of Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 78 shares in the last quarter. Family Firm Inc. bought a new stake in Allstate during the second quarter valued at about $38,000. Finally, MCF Advisors LLC grew its stake in Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling

In other news, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the completion of the sale, the chief executive officer now owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total value of $16,140,600.00. Following the completion of the transaction, the chief executive officer now directly owns 88,552 shares in the company, valued at $15,880,915.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suren Gupta sold 45,775 shares of Allstate stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $177.28, for a total value of $8,114,992.00. Following the completion of the sale, the insider now owns 89,930 shares in the company, valued at approximately $15,942,790.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 201,938 shares of company stock worth $36,122,740. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ALL shares. Wells Fargo & Company cut their price objective on shares of Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. The Goldman Sachs Group raised their price target on shares of Allstate from $199.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Barclays started coverage on Allstate in a report on Wednesday, September 4th. They issued an “underweight” rating and a $175.00 price objective for the company. Piper Sandler increased their price target on shares of Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Bank of America increased their price target on Allstate from $213.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.76.

Allstate Trading Up 0.2 %

ALL opened at $191.00 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36. The company’s 50 day simple moving average is $179.42 and its two-hundred day simple moving average is $170.36. The firm has a market capitalization of $50.41 billion, a price-to-earnings ratio of 42.16, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48. The Allstate Co. has a 1-year low of $109.01 and a 1-year high of $193.19.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.04 billion. During the same quarter in the previous year, the company posted ($4.42) earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. Analysts expect that The Allstate Co. will post 15.16 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio is currently 81.24%.

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.