California Public Employees Retirement System lessened its position in shares of Allstate Corporation (The) (NYSE:ALL) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,026,098 shares of the insurance provider’s stock after selling 11,300 shares during the quarter. California Public Employees Retirement System owned about 0.28% of Allstate Corporation (The) worth $90,748,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. FCA Corp TX raised its position in shares of Allstate Corporation (The) by 0.7% during the 1st quarter. FCA Corp TX now owns 25,241 shares of the insurance provider’s stock valued at $2,057,000 after buying an additional 180 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of Allstate Corporation (The) during the 2nd quarter valued at approximately $1,671,000. State Street Corp raised its position in shares of Allstate Corporation (The) by 3.0% during the 1st quarter. State Street Corp now owns 18,074,304 shares of the insurance provider’s stock valued at $1,472,962,000 after buying an additional 530,591 shares during the period. State of Tennessee Treasury Department raised its position in shares of Allstate Corporation (The) by 16.7% during the 2nd quarter. State of Tennessee Treasury Department now owns 593,694 shares of the insurance provider’s stock valued at $52,506,000 after buying an additional 85,026 shares during the period. Finally, Baird Financial Group Inc. raised its position in shares of Allstate Corporation (The) by 228.4% during the 1st quarter. Baird Financial Group Inc. now owns 32,587 shares of the insurance provider’s stock valued at $2,656,000 after buying an additional 22,663 shares during the period. 76.13% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on ALL. Wells Fargo & Company reaffirmed a “buy” rating on shares of Allstate Corporation (The) in a research report on Saturday, June 24th. BidaskClub lowered shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. UBS AG reduced their price target on shares of Allstate Corporation (The) from $94.00 to $93.00 and set a “neutral” rating on the stock in a research report on Tuesday. Deutsche Bank AG lowered shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating and lifted their price target for the company from $90.00 to $96.00 in a research report on Tuesday, August 8th. Finally, Barclays PLC lifted their price target on shares of Allstate Corporation (The) from $101.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $90.31.

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In related news, insider Harriet K. Harty sold 7,228 shares of Allstate Corporation (The) stock in a transaction on Friday, June 30th. The shares were sold at an average price of $88.35, for a total transaction of $638,593.80. Following the sale, the insider now owns 18,260 shares of the company’s stock, valued at approximately $1,613,271. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Susan L. Lees sold 12,288 shares of Allstate Corporation (The) stock in a transaction on Friday, August 4th. The stock was sold at an average price of $94.09, for a total transaction of $1,156,177.92. Following the sale, the executive vice president now directly owns 73,511 shares in the company, valued at approximately $6,916,649.99. The disclosure for this sale can be found here. Insiders have sold a total of 150,830 shares of company stock worth $13,911,217 in the last ninety days. 1.58% of the stock is currently owned by insiders.

Allstate Corporation (The) (NYSE:ALL) last issued its earnings results on Tuesday, August 1st. The insurance provider reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.48. Allstate Corporation (The) had a net margin of 7.02% and a return on equity of 12.73%. The business had revenue of $8.02 billion for the quarter, compared to the consensus estimate of $7.99 billion. During the same quarter last year, the firm posted $0.62 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year.

Allstate Corporation (The) announced that its board has initiated a stock buyback program on Tuesday, August 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the insurance provider to buy up to 63% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, August 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, August 29th. Allstate Corporation (The)’s dividend payout ratio (DPR) is 21.86%.

Allstate Corporation (The) 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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Institutional Ownership by Quarter for Allstate Corporation (The) (NYSE:ALL)

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