Texas Permanent School Fund trimmed its position in Allstate Corp (NYSE:ALL) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 97,956 shares of the insurance provider’s stock after selling 2,188 shares during the period. Texas Permanent School Fund’s holdings in Allstate were worth $10,257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Arrow Financial Corp increased its stake in shares of Allstate by 100.0% in the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock worth $102,000 after buying an additional 553 shares during the period. Financial Engines Advisors L.L.C. purchased a new position in shares of Allstate in the third quarter worth $116,000. IHT Wealth Management LLC increased its stake in shares of Allstate by 46.6% in the second quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock worth $113,000 after buying an additional 405 shares during the period. Baker Ellis Asset Management LLC purchased a new position in shares of Allstate in the third quarter worth $120,000. Finally, Synovus Financial Corp purchased a new position in shares of Allstate in the third quarter worth $137,000. 76.58% of the stock is currently owned by institutional investors.

Several research analysts recently commented on the stock. Wells Fargo & Co downgraded shares of Allstate from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of Allstate from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods cut shares of Allstate from a “market perform” rating to an “underperform” rating in a report on Tuesday, January 2nd. Goldman Sachs Group initiated coverage on shares of Allstate in a report on Monday, December 4th. They issued a “neutral” rating and a $104.00 price target on the stock. Finally, B. Riley reiterated a “neutral” rating on shares of Allstate in a report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $96.43.

In other news, EVP Susan L. Lees sold 4,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $100.49, for a total transaction of $401,960.00. Following the sale, the executive vice president now owns 24,341 shares in the company, valued at approximately $2,446,027.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Thomas J. Wilson sold 195,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $99.13, for a total transaction of $19,330,350.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 432,242 shares of company stock worth $42,827,931. Company insiders own 1.50% of the company’s stock.

Shares of Allstate Corp (ALL) opened at $101.25 on Wednesday. The firm has a market cap of $37,472.20, a price-to-earnings ratio of 14.06, a P/E/G ratio of 1.54 and a beta of 1.12. Allstate Corp has a fifty-two week low of $73.97 and a fifty-two week high of $105.36. 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 released its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.01). Allstate had a net margin of 7.32% and a return on equity of 13.11%. The company had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter last year, the firm earned $1.26 EPS. The business’s revenue was up 3.2% on a year-over-year basis. equities analysts expect that Allstate Corp will post 6.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 30th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Wednesday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 20.56%.

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Allstate Profile

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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