California State Teachers Retirement System Lowers Stake in Allstate Corporation (The) (ALL)

California State Teachers Retirement System reduced its stake in shares of Allstate Corporation (The) (NYSE:ALL) by 10.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 688,948 shares of the insurance provider’s stock after selling 79,415 shares during the period. California State Teachers Retirement System owned approximately 0.19% of Allstate Corporation (The) worth $60,930,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Allstate Corporation (The) by 1.5% during the second quarter. BlackRock Inc. now owns 26,847,576 shares of the insurance provider’s stock worth $2,374,397,000 after buying an additional 389,249 shares during the period. Vanguard Group Inc. lifted its stake in shares of Allstate Corporation (The) by 2.4% during the second quarter. Vanguard Group Inc. now owns 24,213,610 shares of the insurance provider’s stock worth $2,141,452,000 after buying an additional 575,645 shares during the period. State Street Corp lifted its stake in shares of Allstate Corporation (The) by 3.0% during the first quarter. State Street Corp now owns 18,074,304 shares of the insurance provider’s stock worth $1,472,962,000 after buying an additional 530,591 shares during the period. Northern Trust Corp lifted its stake in shares of Allstate Corporation (The) by 18.8% during the second quarter. Northern Trust Corp now owns 7,202,273 shares of the insurance provider’s stock worth $636,969,000 after buying an additional 1,141,782 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Allstate Corporation (The) by 6.1% during the first quarter. AQR Capital Management LLC now owns 6,268,589 shares of the insurance provider’s stock worth $510,828,000 after buying an additional 363,084 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Several equities research analysts have recently commented on ALL shares. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a research note on Thursday, July 20th. Barclays PLC lowered their price objective on shares of Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating for the company in a research note on Monday, July 3rd. Citigroup Inc. lifted their price objective on shares of Allstate Corporation (The) from $97.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Buckingham Research started coverage on shares of Allstate Corporation (The) in a research note on Monday, September 11th. They set an “underperform” rating and a $74.00 price objective for the company. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $91.00 price objective (up from $85.00) on shares of Allstate Corporation (The) in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $90.50.

ILLEGAL ACTIVITY WARNING: “California State Teachers Retirement System Lowers Stake in Allstate Corporation (The) (ALL)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/11/california-state-teachers-retirement-system-lowers-stake-in-allstate-corporation-the-all.html.

In related news, EVP Susan L. Lees sold 12,288 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $94.09, for a total transaction of $1,156,177.92. Following the completion of the sale, the executive vice president now owns 73,511 shares in the company, valued at approximately $6,916,649.99. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Matthew E. Winter sold 48,058 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $88.54, for a total transaction of $4,255,055.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,602 shares of company stock valued at $13,272,624. 1.58% of the stock is owned by company insiders.

Shares of Allstate Corporation (NYSE ALL) traded down 0.11% on Wednesday, hitting $93.23. 201,952 shares of the company traded hands. The stock’s 50-day moving average price is $91.09 and its 200-day moving average price is $87.87. The company has a market capitalization of $33.69 billion, a PE ratio of 13.81 and a beta of 1.08. Allstate Corporation has a 12 month low of $66.55 and a 12 month high of $95.25.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.48. The firm had revenue of $8.02 billion during the quarter, compared to analysts’ expectations of $7.99 billion. Allstate Corporation (The) had a net margin of 7.02% and a return on equity of 12.73%. Allstate Corporation (The)’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS. On average, equities analysts predict that Allstate Corporation will post $5.93 earnings per share for the current year.

Allstate Corporation (The) announced that its board has approved a stock buyback prog

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Allstate Corporation (The) by 1.5% during the second quarter. BlackRock Inc. now owns 26,847,576 shares of the insurance provider’s stock worth $2,374,397,000 after buying an additional 389,249 shares during the period. Vanguard Group Inc. lifted its stake in shares of Allstate Corporation (The) by 2.4% during the second quarter. Vanguard Group Inc. now owns 24,213,610 shares of the insurance provider’s stock worth $2,141,452,000 after buying an additional 575,645 shares during the period. State Street Corp lifted its stake in shares of Allstate Corporation (The) by 3.0% during the first quarter. State Street Corp now owns 18,074,304 shares of the insurance provider’s stock worth $1,472,962,000 after buying an additional 530,591 shares during the period. Northern Trust Corp lifted its stake in shares of Allstate Corporation (The) by 18.8% during the second quarter. Northern Trust Corp now owns 7,202,273 shares of the insurance provider’s stock worth $636,969,000 after buying an additional 1,141,782 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Allstate Corporation (The) by 6.1% during the first quarter. AQR Capital Management LLC now owns 6,268,589 shares of the insurance provider’s stock worth $510,828,000 after buying an additional 363,084 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Several equities research analysts have recently commented on ALL shares. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a research note on Thursday, July 20th. Barclays PLC lowered their price objective on shares of Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating for the company in a research note on Monday, July 3rd. Citigroup Inc. lifted their price objective on shares of Allstate Corporation (The) from $97.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Buckingham Research started coverage on shares of Allstate Corporation (The) in a research note on Monday, September 11th. They set an “underperform” rating and a $74.00 price objective for the company. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $91.00 price objective (up from $85.00) on shares of Allstate Corporation (The) in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $90.50.

ILLEGAL ACTIVITY WARNING: “California State Teachers Retirement System Lowers Stake in Allstate Corporation (The) (ALL)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/11/california-state-teachers-retirement-system-lowers-stake-in-allstate-corporation-the-all.html.

In related news, EVP Susan L. Lees sold 12,288 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $94.09, for a total transaction of $1,156,177.92. Following the completion of the sale, the executive vice president now owns 73,511 shares in the company, valued at approximately $6,916,649.99. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Matthew E. Winter sold 48,058 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $88.54, for a total transaction of $4,255,055.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,602 shares of company stock valued at $13,272,624. 1.58% of the stock is owned by company insiders.

Shares of Allstate Corporation (NYSE ALL) traded down 0.11% on Wednesday, hitting $93.23. 201,952 shares of the company traded hands. The stock’s 50-day moving average price is $91.09 and its 200-day moving average price is $87.87. The company has a market capitalization of $33.69 billion, a PE ratio of 13.81 and a beta of 1.08. Allstate Corporation has a 12 month low of $66.55 and a 12 month high of $95.25.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.48. The firm had revenue of $8.02 billion during the quarter, compared to analysts’ expectations of $7.99 billion. Allstate Corporation (The) had a net margin of 7.02% and a return on equity of 12.73%. Allstate Corporation (The)’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS. On average, equities analysts predict that Allstate Corporation will post $5.93 earnings per share for the current year.

Allstate Corporation (The) announced that its board has approved a stock buyback program on Tuesday, August 1st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the insurance provider to buy up to 63% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Allstate Corporation (The) Company 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 Corporation (The) (NYSE:ALL)

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