Martingale Asset Management L P increased its stake in Allstate Corp (NYSE:ALL) by 7.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 586,976 shares of the insurance provider’s stock after purchasing an additional 41,000 shares during the quarter. Martingale Asset Management L P’s holdings in Allstate were worth $55,282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its position in Allstate by 8,063.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,165,142 shares of the insurance provider’s stock worth $38,000 after buying an additional 3,126,372 shares in the last quarter. Norges Bank purchased a new position in shares of Allstate in the 4th quarter worth about $189,048,000. Boston Partners boosted its holdings in shares of Allstate by 17.1% in the 1st quarter. Boston Partners now owns 11,106,016 shares of the insurance provider’s stock worth $1,045,965,000 after purchasing an additional 1,620,871 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Allstate by 38.2% in the 4th quarter. California Public Employees Retirement System now owns 2,123,049 shares of the insurance provider’s stock worth $175,428,000 after purchasing an additional 586,566 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Allstate by 44.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,837,117 shares of the insurance provider’s stock worth $181,324,000 after purchasing an additional 561,747 shares in the last quarter. Institutional investors own 77.51% of the company’s stock.

Shares of NYSE ALL traded down $0.79 during midday trading on Thursday, reaching $96.30. The company had a trading volume of 5,256 shares, compared to its average volume of 1,764,864. Allstate Corp has a one year low of $77.00 and a one year high of $102.73. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.30. The firm has a market cap of $32.26 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.29 and a beta of 0.83.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, May 1st. The insurance provider reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.02. Allstate had a return on equity of 12.66% and a net margin of 6.26%. The company had revenue of $8.70 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the previous year, the company posted $2.96 EPS. Allstate’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts forecast that Allstate Corp will post 9.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, May 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, May 30th. Allstate’s dividend payout ratio (DPR) is presently 24.78%.

ALL has been the subject of a number of research reports. Zacks Investment Research upgraded Allstate from a “hold” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Thursday, February 7th. Morgan Stanley upped their price objective on Allstate from $94.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday. ValuEngine upgraded Allstate from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Wells Fargo & Co reiterated a “hold” rating and issued a $94.00 price objective on shares of Allstate in a report on Tuesday, March 12th. Finally, William Blair upgraded Allstate from an “underperform” rating to a “market perform” rating in a report on Wednesday, February 6th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. Allstate has a consensus rating of “Hold” and a consensus target price of $101.73.

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About Allstate

The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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