Allstate Corporation (The) (NYSE:ALL) Chairman Thomas J. Wilson sold 195,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $99.13, for a total value of $19,330,350.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Thomas J. Wilson also recently made the following trade(s):

  • On Wednesday, November 8th, Thomas J. Wilson sold 130,000 shares of Allstate Corporation (The) stock. The shares were sold at an average price of $99.29, for a total value of $12,907,700.00.

Shares of Allstate Corporation (ALL) opened at $99.44 on Tuesday. Allstate Corporation has a fifty-two week low of $69.04 and a fifty-two week high of $100.31. The stock has a market capitalization of $35,566.83, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. 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 Corporation (The) (NYSE:ALL) last announced its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.01). Allstate Corporation (The) had a return on equity of 13.11% and a net margin of 7.32%. The business 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 company earned $1.26 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. sell-side analysts predict that Allstate Corporation will post 6.55 EPS for the current fiscal year.

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

WARNING: This report was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://www.watchlistnews.com/allstate-corporation-the-all-chairman-thomas-j-wilson-sells-195000-shares/1701521.html.

A number of equities research analysts recently commented on ALL shares. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a report on Thursday, July 20th. BidaskClub downgraded Allstate Corporation (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Deutsche Bank AG downgraded Allstate Corporation (The) from a “buy” rating to a “hold” rating and upped their price objective for the company from $90.00 to $96.00 in a report on Wednesday, August 2nd. UBS AG reiterated a “neutral” rating and issued a $94.00 price objective (up previously from $86.00) on shares of Allstate Corporation (The) in a report on Thursday, August 3rd. Finally, Barclays PLC upped their price objective on Allstate Corporation (The) from $101.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $93.00.

Several hedge funds have recently bought and sold shares of ALL. Arrow Financial Corp boosted its position in shares of Allstate Corporation (The) by 100.0% during 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. Sandy Spring Bank boosted its position in shares of Allstate Corporation (The) by 2.5% during the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock worth $103,000 after buying an additional 28 shares during the period. Jackson Grant Investment Advisers Inc. boosted its position in shares of Allstate Corporation (The) by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock worth $108,000 after buying an additional 5 shares during the period. IHT Wealth Management LLC boosted its position in shares of Allstate Corporation (The) by 46.6% during 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. Finally, Financial Engines Advisors L.L.C. acquired a new position in shares of Allstate Corporation (The) during the third quarter worth about $116,000. 76.42% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Allstate Corporation (The) (NYSE:ALL)

Receive News & Ratings for Allstate Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate Corporation (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.