World Asset Management Inc raised its stake in Allstate Corporation (The) (NYSE:ALL) by 1.1% during the third quarter, Holdings Channel reports. The institutional investor owned 39,112 shares of the company’s stock after buying an additional 442 shares during the period. World Asset Management Inc’s holdings in Allstate Corporation (The) were worth $2,706,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ALL. Standard Life Investments LTD boosted its position in shares of Allstate Corporation (The) by 556.2% in the second quarter. Standard Life Investments LTD now owns 3,243,360 shares of the company’s stock valued at $226,857,000 after buying an additional 2,749,105 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Allstate Corporation (The) by 204.5% in the second quarter. American Century Companies Inc. now owns 3,874,045 shares of the company’s stock valued at $270,989,000 after buying an additional 2,601,606 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Allstate Corporation (The) during the second quarter valued at about $130,921,000. Westwood Holdings Group Inc. boosted its position in shares of Allstate Corporation (The) by 809.1% in the second quarter. Westwood Holdings Group Inc. now owns 1,192,102 shares of the company’s stock valued at $83,388,000 after buying an additional 1,060,975 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Allstate Corporation (The) by 14.6% in the second quarter. Bank of New York Mellon Corp now owns 6,355,789 shares of the company’s stock valued at $444,586,000 after buying an additional 811,752 shares in the last quarter. 75.47% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Allstate Corporation (The) (NYSE:ALL)

Allstate Corporation (NYSE:ALL) traded up 0.24% during mid-day trading on Friday, reaching $73.86. 612,164 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $72.99 and a 200 day moving average price of $69.84. The company has a market cap of $27.20 billion, a PE ratio of 20.00 and a beta of 0.97. Allstate Corporation has a 52-week low of $56.03 and a 52-week high of $74.95.

Allstate Corporation (The) (NYSE:ALL) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $1.26 EPS for the quarter, meeting analysts’ consensus estimates of $1.26. The company earned $7.87 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Allstate Corporation (The) had a return on equity of 9.16% and a net margin of 4.25%. Allstate Corporation (The)’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS. Equities analysts predict that Allstate Corporation will post $4.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Wednesday, November 30th were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, November 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.79%. Allstate Corporation (The)’s dividend payout ratio (DPR) is presently 35.68%.

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Several research analysts have commented on the stock. Zacks Investment Research cut shares of Allstate Corporation (The) from a “hold” rating to a “sell” rating in a report on Tuesday, October 25th. Credit Suisse Group cut shares of Allstate Corporation (The) from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $73.00 to $80.00 in a report on Friday, January 6th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Allstate Corporation (The) in a report on Thursday, November 3rd. Barclays PLC reiterated an “overweight” rating and issued a $79.00 target price (up from $74.00) on shares of Allstate Corporation (The) in a report on Friday, September 30th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $80.00 target price on shares of Allstate Corporation (The) in a report on Thursday, November 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. Allstate Corporation (The) has a consensus rating of “Hold” and a consensus price target of $74.45.

In related news, Director Judith A. Sprieser sold 8,000 shares of the stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $73.81, for a total transaction of $590,480.00. Following the completion of the sale, the director now directly owns 5,244 shares of the company’s stock, valued at approximately $387,059.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sanjay Gupta sold 36,744 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $74.00, for a total value of $2,719,056.00. The disclosure for this sale can be found here. 1.58% of the stock is owned by insiders.

About Allstate Corporation (The)

The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business.

5 Day Chart for NYSE:ALL

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