Allstate Corporation (The) (ALL) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its stake in Allstate Corporation (The) (NYSE:ALL) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 438,742 shares of the insurance provider’s stock after buying an additional 783 shares during the period. Teacher Retirement System of Texas’ holdings in Allstate Corporation (The) were worth $35,753,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its position in shares of Allstate Corporation (The) by 8.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,550 shares of the insurance provider’s stock valued at $126,000 after buying an additional 122 shares in the last quarter. Oakworth Capital Inc. increased its position in shares of Allstate Corporation (The) by 505.8% in the first quarter. Oakworth Capital Inc. now owns 1,775 shares of the insurance provider’s stock valued at $145,000 after buying an additional 1,482 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of Allstate Corporation (The) during the first quarter valued at about $160,000. Lafayette Investments Inc. bought a new position in shares of Allstate Corporation (The) during the first quarter valued at about $200,000. Finally, Prospera Financial Services Inc bought a new position in shares of Allstate Corporation (The) during the first quarter valued at about $201,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Shares of Allstate Corporation (ALL) opened at 90.21 on Wednesday. Allstate Corporation has a 12-month low of $66.55 and a 12-month high of $90.74. The stock’s 50 day moving average price is $88.44 and its 200-day moving average price is $82.69. The firm has a market capitalization of $32.88 billion, a P/E ratio of 15.30 and a beta of 1.10.

Allstate Corporation (The) (NYSE:ALL) last released its earnings results on Wednesday, May 3rd. The insurance provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.60. Allstate Corporation (The) had a net margin of 6.27% and a return on equity of 11.45%. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.36 billion. On average, equities analysts expect that Allstate Corporation will post $5.95 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, August 31st will be given a $0.37 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.48 dividend on an annualized basis and a yield of 1.64%. Allstate Corporation (The)’s payout ratio is 25.00%.

WARNING: This piece was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/07/18/allstate-corporation-the-all-shares-bought-by-teacher-retirement-system-of-texas-updated.html.

ALL has been the subject of several research reports. Wells Fargo & Company restated a “buy” rating on shares of Allstate Corporation (The) in a research report on Saturday, June 24th. Citigroup Inc. lifted their price objective on Allstate Corporation (The) from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, April 7th. MKM Partners restated a “buy” rating and set a $100.00 price objective (up from $90.00) on shares of Allstate Corporation (The) in a research report on Thursday, May 4th. BidaskClub downgraded Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, Morgan Stanley restated an “equal weight” rating and set a $91.00 price objective (up from $85.00) on shares of Allstate Corporation (The) in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $87.67.

In other news, President Matthew E. Winter sold 48,058 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $88.54, for a total transaction of $4,255,055.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Harriet K. Harty sold 7,228 shares of the firm’s 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 transaction, the insider now owns 18,260 shares in the company, valued at approximately $1,613,271. The disclosure for this sale can be found here. In the last quarter, insiders sold 179,259 shares of company stock valued at $15,695,746. Insiders own 1.58% of the company’s stock.

About Allstate Corporation (The)

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.

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

Receive News & Ratings for Allstate Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate Corporation (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply