NBT Bank N A NY continued to hold its stake in shares of Allstate Corporation (The) (NYSE:ALL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,407 shares of the insurance provider’s stock at the end of the second quarter. NBT Bank N A NY’s holdings in Allstate Corporation (The) were worth $478,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FNY Partners Fund LP bought a new stake in shares of Allstate Corporation (The) during the first quarter worth approximately $122,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Allstate Corporation (The) by 8.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,550 shares of the insurance provider’s stock worth $126,000 after buying an additional 122 shares in the last quarter. Oakworth Capital Inc. raised its stake in shares of Allstate Corporation (The) by 505.8% in the first quarter. Oakworth Capital Inc. now owns 1,775 shares of the insurance provider’s stock worth $145,000 after buying an additional 1,482 shares in the last quarter. Watermark Asset Management Inc. bought a new stake in shares of Allstate Corporation (The) during the first quarter worth approximately $170,000. Finally, Archford Capital Strategies LLC bought a new stake in shares of Allstate Corporation (The) during the first quarter worth approximately $181,000. Institutional investors and hedge funds own 76.51% of the company’s stock.

Allstate Corporation (NYSE:ALL) opened at 90.07 on Thursday. The company has a market cap of $32.55 billion, a price-to-earnings ratio of 13.30 and a beta of 1.10. Allstate Corporation has a 52 week low of $66.55 and a 52 week high of $95.25. The stock has a 50 day moving average of $91.52 and a 200 day moving average of $85.59.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.48. The business had revenue of $8.02 billion during the quarter, compared to analysts’ expectations of $7.99 billion. Allstate Corporation (The) had a return on equity of 12.73% and a net margin of 7.02%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share. Equities research analysts predict that Allstate Corporation will post $6.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, August 31st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Tuesday, August 29th. Allstate Corporation (The)’s payout ratio is 21.86%.

Allstate Corporation (The) declared that its board has authorized a share repurchase program on Tuesday, August 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the insurance provider to reacquire up to 63% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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ALL has been the topic of a number of research analyst reports. Wells Fargo & Company reissued a “buy” rating on shares of Allstate Corporation (The) in a report on Wednesday, May 3rd. MKM Partners reissued a “buy” rating and set a $100.00 price objective (up previously from $90.00) on shares of Allstate Corporation (The) in a report on Thursday, May 4th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $88.00 price objective on shares of Allstate Corporation (The) in a report on Friday, June 16th. BidaskClub raised shares of Allstate Corporation (The) from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Finally, Barclays PLC decreased their price objective on shares of Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $90.54.

In other news, President Matthew E. Winter sold 48,059 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $94.53, for a total value of $4,543,017.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Harriet K. Harty sold 7,228 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $88.35, for a total value of $638,593.80. Following the completion of the transaction, the insider now directly owns 18,260 shares of the company’s stock, valued at approximately $1,613,271. The disclosure for this sale can be found here. In the last 90 days, insiders sold 215,466 shares of company stock valued at $19,683,536. Company insiders own 1.58% of the company’s stock.

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.

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

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