The Allstate Corporation $ALL Position Cut by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its position in shares of The Allstate Corporation (NYSE:ALL) by 2.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 151,589 shares of the insurance provider’s stock after selling 3,277 shares during the period. Illinois Municipal Retirement Fund’s holdings in Allstate were worth $30,516,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Arlington Trust Co LLC increased its position in Allstate by 261.8% in the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 89 shares during the period. Hughes Financial Services LLC bought a new stake in shares of Allstate during the first quarter valued at about $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in Allstate by 315.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 126 shares during the period. Hilltop National Bank bought a new position in Allstate in the 2nd quarter valued at about $34,000. Finally, Chilton Capital Management LLC acquired a new position in shares of Allstate during the second quarter valued at approximately $38,000. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

ALL opened at $202.29 on Monday. The firm has a market capitalization of $52.94 billion, a P/E ratio of 9.51, a PEG ratio of 0.69 and a beta of 0.35. The stock has a fifty day moving average of $201.86 and a 200-day moving average of $201.23. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $215.70.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, beating the consensus estimate of $5.48 by $5.69. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same period in the previous year, the firm earned $3.91 earnings per share. Allstate’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ALL shares. Cantor Fitzgerald upgraded Allstate to a “hold” rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods upped their price target on shares of Allstate from $237.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $260.00 price objective (up previously from $250.00) on shares of Allstate in a research note on Monday, August 4th. JPMorgan Chase & Co. increased their target price on shares of Allstate from $254.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Wolfe Research upgraded shares of Allstate to a “strong-buy” rating in a report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $236.53.

Allstate 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.