Louisiana State Employees Retirement System Decreases Stake in The Allstate Corporation $ALL

Louisiana State Employees Retirement System decreased 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 SEC. The fund owned 14,000 shares of the insurance provider’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Allstate were worth $2,818,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALL. Brighton Jones LLC increased its stake in Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after buying an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Allstate in the 4th quarter valued at about $231,000. Farther Finance Advisors LLC increased its stake in Allstate by 169.4% in the 1st quarter. Farther Finance Advisors LLC now owns 5,615 shares of the insurance provider’s stock valued at $1,165,000 after buying an additional 3,531 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in Allstate in the 1st quarter valued at about $749,000. Finally, Wealthcare Advisory Partners LLC increased its stake in shares of Allstate by 30.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,895 shares of the insurance provider’s stock worth $392,000 after purchasing an additional 439 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Down 1.5%

Allstate stock opened at $209.06 on Friday. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $215.70. The firm has a market capitalization of $55.09 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 0.82 and a beta of 0.38. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $205.94 and a 200 day simple moving average of $201.14.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business had revenue of $15.05 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same period in the previous year, the business earned $1.61 EPS. Allstate’s revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 29th. Allstate’s dividend payout ratio (DPR) is presently 18.81%.

Analyst Ratings Changes

ALL has been the subject of several research analyst reports. Citigroup upgraded shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a research note on Wednesday. Cantor Fitzgerald upgraded shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. Finally, BMO Capital Markets raised their price target on shares of Allstate from $230.00 to $235.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $234.50.

About Allstate

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.