The Allstate Corporation $ALL Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System raised its holdings in The Allstate Corporation (NYSE:ALL) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 251,564 shares of the insurance provider’s stock after purchasing an additional 507 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Allstate worth $50,642,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Allstate by 0.5% in the first quarter. Vanguard Group Inc. now owns 32,800,086 shares of the insurance provider’s stock valued at $6,791,914,000 after purchasing an additional 164,662 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Allstate by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock valued at $2,424,710,000 after purchasing an additional 2,374,684 shares during the period. GQG Partners LLC increased its stake in Allstate by 2.1% in the first quarter. GQG Partners LLC now owns 4,405,701 shares of the insurance provider’s stock valued at $912,288,000 after purchasing an additional 89,185 shares during the period. Boston Partners increased its stake in Allstate by 613.9% in the first quarter. Boston Partners now owns 2,482,654 shares of the insurance provider’s stock valued at $512,627,000 after purchasing an additional 2,134,893 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Allstate by 27.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider’s stock valued at $482,073,000 after purchasing an additional 497,982 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. UBS Group lifted their price objective on shares of Allstate from $235.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Evercore ISI set a $233.00 price target on shares of Allstate and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Roth Capital set a $230.00 price target on shares of Allstate and gave the stock a “buy” rating in a research note on Friday, September 26th. Raymond James Financial reiterated a “strong-buy” rating and set a $260.00 price target (up from $250.00) on shares of Allstate in a research note on Monday, August 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Allstate in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $234.50.

Allstate Stock Down 2.8%

ALL stock opened at $194.86 on Friday. The company has a market cap of $51.35 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.74 and a beta of 0.38. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $215.70. The company’s 50-day moving average price is $205.83 and its 200 day moving average price is $200.98. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37.

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

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.