New York State Teachers Retirement System Has $51.99 Million Stock Position in The Allstate Corporation (NYSE:ALL)

New York State Teachers Retirement System lowered its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 2.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 251,057 shares of the insurance provider's stock after selling 7,395 shares during the period. New York State Teachers Retirement System owned 0.09% of Allstate worth $51,986,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Monument Capital Management increased its holdings in shares of Allstate by 4.8% during the 1st quarter. Monument Capital Management now owns 14,969 shares of the insurance provider's stock worth $3,100,000 after acquiring an additional 685 shares during the last quarter. Amalgamated Bank boosted its position in Allstate by 1.5% during the first quarter. Amalgamated Bank now owns 51,909 shares of the insurance provider's stock worth $10,749,000 after purchasing an additional 788 shares during the period. Avidian Wealth Enterprises LLC increased its holdings in shares of Allstate by 1.7% in the first quarter. Avidian Wealth Enterprises LLC now owns 3,552 shares of the insurance provider's stock valued at $735,000 after purchasing an additional 59 shares during the last quarter. Root Financial Partners LLC raised its position in shares of Allstate by 9.8% in the first quarter. Root Financial Partners LLC now owns 1,262 shares of the insurance provider's stock valued at $261,000 after purchasing an additional 113 shares during the period. Finally, Convergence Financial LLC lifted its stake in shares of Allstate by 2.5% during the 1st quarter. Convergence Financial LLC now owns 8,863 shares of the insurance provider's stock worth $1,835,000 after buying an additional 216 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wall Street Zen upgraded shares of Allstate from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Keefe, Bruyette & Woods boosted their price target on Allstate from $228.00 to $235.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Morgan Stanley increased their price objective on Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Wells Fargo & Company reduced their target price on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $250.00 price target (up from $240.00) on shares of Allstate in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $225.20.

Allstate Price Performance

Shares of ALL traded down $5.50 during midday trading on Wednesday, hitting $194.64. The company's stock had a trading volume of 1,516,099 shares, compared to its average volume of 1,632,636. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.40. The Allstate Corporation has a one year low of $157.50 and a one year high of $213.18. The stock has a market capitalization of $51.54 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 1.04 and a beta of 0.33. The company's fifty day simple moving average is $201.27 and its two-hundred day simple moving average is $196.58.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). Allstate had a net margin of 6.19% and a return on equity of 24.62%. The business had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $16.41 billion. During the same quarter in the prior year, the firm earned $5.13 EPS. The business's revenue was up 7.8% on a year-over-year basis. As a group, equities analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 9th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.06%. The ex-dividend date was Monday, June 9th. Allstate's payout ratio is 27.32%.

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.