California State Teachers Retirement System cut its holdings in shares of Allstate Corp (NYSE:ALL) by 7.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 639,560 shares of the insurance provider’s stock after selling 49,388 shares during the period. California State Teachers Retirement System owned 0.18% of Allstate worth $58,782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Allstate by 1.5% during the second quarter. BlackRock Inc. now owns 26,847,576 shares of the insurance provider’s stock valued at $2,374,397,000 after purchasing an additional 389,249 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Allstate by 2.4% during the second quarter. Vanguard Group Inc. now owns 24,213,610 shares of the insurance provider’s stock valued at $2,141,452,000 after purchasing an additional 575,645 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Allstate by 18.8% during the second quarter. Northern Trust Corp now owns 7,202,273 shares of the insurance provider’s stock valued at $636,969,000 after purchasing an additional 1,141,782 shares in the last quarter. Wells Fargo & Company MN lifted its position in Allstate by 11.1% during the third quarter. Wells Fargo & Company MN now owns 5,178,889 shares of the insurance provider’s stock valued at $475,991,000 after acquiring an additional 518,058 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in Allstate by 2.8% during the second quarter. Alliancebernstein L.P. now owns 4,605,659 shares of the insurance provider’s stock valued at $407,324,000 after acquiring an additional 125,560 shares during the last quarter. Hedge funds and other institutional investors own 76.65% of the company’s stock.

ALL has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Tuesday. Citigroup decreased their target price on shares of Allstate from $107.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, October 2nd. Wells Fargo & Company set a $110.00 target price on shares of Allstate and gave the company a “buy” rating in a research report on Thursday, November 16th. B. Riley reissued a “neutral” rating on shares of Allstate in a research report on Monday, November 6th. Finally, Goldman Sachs Group initiated coverage on shares of Allstate in a research report on Monday, December 4th. They set a “neutral” rating and a $104.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $96.50.

In other Allstate news, CEO Thomas J. Wilson sold 130,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $99.29, for a total value of $12,907,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Susan L. Lees sold 4,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $100.49, for a total transaction of $401,960.00. Following the completion of the transaction, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at approximately $2,446,027.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 432,242 shares of company stock valued at $42,827,931. Corporate insiders own 1.58% of the company’s stock.

Allstate Corp (NYSE:ALL) opened at $103.32 on Thursday. The stock has a market cap of $37,152.84, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.99 and a beta of 1.12. Allstate Corp has a fifty-two week low of $72.42 and a fifty-two week high of $104.18. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.31.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.01). The company had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $8.07 billion. Allstate had a return on equity of 13.11% and a net margin of 7.32%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 EPS. sell-side analysts expect that Allstate Corp will post 6.23 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.43%. Allstate’s dividend payout ratio is currently 20.56%.

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About Allstate

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 (NYSE:ALL)

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