Illinois Municipal Retirement Fund Has $32.07 Million Stock Holdings in The Allstate Corporation (NYSE:ALL)

Illinois Municipal Retirement Fund lowered its holdings in The Allstate Corporation (NYSE:ALL - Free Report) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,866 shares of the insurance provider's stock after selling 6,943 shares during the period. Allstate comprises about 0.5% of Illinois Municipal Retirement Fund's portfolio, making the stock its 29th largest holding. Illinois Municipal Retirement Fund owned 0.06% of Allstate worth $32,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALL. VSM Wealth Advisory LLC bought a new stake in shares of Allstate during the 4th quarter worth approximately $25,000. Twin Tree Management LP bought a new stake in Allstate during the fourth quarter worth $27,000. Vision Financial Markets LLC bought a new stake in Allstate during the fourth quarter worth $29,000. Hopwood Financial Services Inc. acquired a new stake in Allstate in the fourth quarter valued at $29,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Allstate in the 4th quarter valued at about $29,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Price Performance

Shares of NYSE ALL traded up $1.52 during midday trading on Friday, reaching $195.67. The company's stock had a trading volume of 3,249,521 shares, compared to its average volume of 1,629,303. The company has a market cap of $51.82 billion, a P/E ratio of 13.37, a P/E/G ratio of 0.99 and a beta of 0.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.40 and a current ratio of 0.40. The business's 50 day moving average price is $200.83 and its two-hundred day moving average price is $196.46. The Allstate Corporation has a fifty-two week low of $157.50 and a fifty-two week high of $213.18.

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

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 9th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, June 9th. Allstate's dividend payout ratio (DPR) is presently 27.32%.

Wall Street Analyst Weigh In

ALL has been the subject of several recent analyst reports. William Blair started coverage on shares of Allstate in a research note on Friday, June 6th. They issued a "sector outperform" rating for the company. Keefe, Bruyette & Woods raised their price objective on Allstate from $228.00 to $235.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Barclays reduced their target price on Allstate from $183.00 to $172.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. increased their price target on Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Allstate in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Allstate has an average rating of "Moderate Buy" and an average target price of $225.20.

About Allstate

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.