Strs Ohio Invests $84.41 Million in The Allstate Corporation $ALL

Key Points

• Strs Ohio has invested approximately $84.41 million in The Allstate Corporation (NYSE: ALL), acquiring 407,628 shares, which represents about 0.15% ownership of the company.
• Recent analysis shows a consensus target price of $231.21 for Allstate shares, with various investment firms issuing ratings ranging from "strong buy" to "underweight."
• Allstate has declared a quarterly dividend of $1.00 per share, resulting in an annualized yield of 2.0%, with a payout ratio of 18.81%.

Strs Ohio acquired a new stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 407,628 shares of the insurance provider's stock, valued at approximately $84,408,000. Strs Ohio owned about 0.15% of Allstate as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Hughes Financial Services LLC acquired a new position in shares of Allstate in the 1st quarter valued at $28,000. Meeder Asset Management Inc. grew its position in shares of Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock valued at $39,000 after buying an additional 99 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Allstate in the first quarter valued at approximately $43,000. Mattson Financial Services LLC acquired a new position in Allstate in the 4th quarter worth approximately $44,000. Finally, 1 North Wealth Services LLC purchased a new stake in Allstate in the 1st quarter worth approximately $51,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ALL. Raymond James Financial reiterated a "strong-buy" rating and issued a $260.00 price target (up previously from $250.00) on shares of Allstate in a report on Monday, August 4th. BMO Capital Markets lifted their price objective on shares of Allstate from $230.00 to $235.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Cantor Fitzgerald raised shares of Allstate to a "hold" rating in a research note on Wednesday, August 13th. UBS Group raised their target price on shares of Allstate from $230.00 to $235.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Barclays reiterated an "underweight" rating and issued a $198.00 price target (up previously from $188.00) on shares of Allstate in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $231.21.

Allstate Price Performance

ALL opened at $199.91 on Thursday. The Allstate Corporation has a 12-month low of $176.00 and a 12-month high of $214.76. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The business's fifty day simple moving average is $200.80 and its 200-day simple moving average is $200.21. The company has a market capitalization of $52.68 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 0.80 and a beta of 0.37.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, beating the consensus estimate of $3.20 by $2.74. The company had revenue of $15.05 billion for the quarter, compared to analyst estimates of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.Allstate's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $1.61 earnings per share. On average, equities research analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. Allstate's payout ratio is 18.81%.

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.

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