New York State Common Retirement Fund Boosts Stake in The Allstate Corporation (NYSE:ALL)

New York State Common Retirement Fund raised its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 5.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 168,070 shares of the insurance provider's stock after acquiring an additional 8,100 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Allstate worth $34,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ALL. Brighton Jones LLC grew its holdings in Allstate by 60.2% during the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock valued at $1,253,000 after purchasing an additional 2,443 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Allstate during the 4th quarter valued at approximately $231,000. Stenger Family Office LLC bought a new position in shares of Allstate during the 4th quarter valued at approximately $439,000. Proficio Capital Partners LLC increased its holdings in Allstate by 19.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,396 shares of the insurance provider's stock worth $269,000 after acquiring an additional 230 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Allstate by 5.7% during the fourth quarter. Farther Finance Advisors LLC now owns 2,084 shares of the insurance provider's stock valued at $402,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ALL shares. Morgan Stanley increased their price objective on shares of Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. upped their target price on shares of Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Evercore ISI raised their price target on Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company lowered their price objective on Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $250.00 target price (up previously from $240.00) on shares of Allstate in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Allstate presently has a consensus rating of "Moderate Buy" and a consensus target price of $227.07.

Allstate Trading Down 1.3%

NYSE ALL traded down $2.47 during trading hours on Thursday, hitting $193.15. 2,082,095 shares of the company were exchanged, compared to its average volume of 1,646,446. The Allstate Corporation has a 52 week low of $162.27 and a 52 week high of $213.18. 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 stock has a 50-day moving average price of $200.54 and a 200 day moving average price of $196.65. The stock has a market cap of $51.15 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.99 and a beta of 0.33.

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

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.07%. The ex-dividend date is Friday, August 29th. Allstate's payout ratio is 27.32%.

Allstate Company 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.