Dupont Capital Management Corp boosted its stake in Allstate Corporation (The) (NYSE:ALL) by 33.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 43,537 shares of the insurance provider’s stock after acquiring an additional 10,847 shares during the quarter. Dupont Capital Management Corp’s holdings in Allstate Corporation (The) were worth $4,001,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in ALL. Arrow Financial Corp grew its stake in Allstate Corporation (The) by 100.0% in the 3rd quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock valued at $102,000 after acquiring an additional 553 shares during the period. Sandy Spring Bank grew its stake in Allstate Corporation (The) by 2.5% in the 2nd quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock valued at $103,000 after acquiring an additional 28 shares during the period. Jackson Grant Investment Advisers Inc. grew its stake in Allstate Corporation (The) by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock valued at $108,000 after acquiring an additional 5 shares during the period. IHT Wealth Management LLC grew its stake in Allstate Corporation (The) by 46.6% in the 2nd quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock valued at $113,000 after acquiring an additional 405 shares during the period. Finally, Baker Ellis Asset Management LLC acquired a new stake in Allstate Corporation (The) in the 3rd quarter valued at $120,000. 76.49% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities research analysts recently issued reports on ALL shares. Wells Fargo & Company reissued a “buy” rating on shares of Allstate Corporation (The) in a research note on Thursday, July 20th. Buckingham Research began coverage on shares of Allstate Corporation (The) in a research note on Monday, September 11th. They set an “underperform” rating and a $74.00 target price on the stock. Citigroup Inc. lifted their target price 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. Zacks Investment Research cut shares of Allstate Corporation (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Deutsche Bank AG cut shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating and lifted their target price for the stock from $90.00 to $96.00 in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Allstate Corporation (The) currently has an average rating of “Hold” and a consensus target price of $92.31.

Allstate Corporation (NYSE ALL) opened at $97.84 on Monday. Allstate Corporation has a fifty-two week low of $66.55 and a fifty-two week high of $98.21. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $35,110.00, a price-to-earnings ratio of 14.41, a PEG ratio of 1.89 and a beta of 1.09.

Allstate Corporation (The) (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 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 company had revenue of $8.12 billion for the quarter, compared to analysts’ expectations of $8.07 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. research analysts expect that Allstate Corporation will post 6.23 earnings per share for the current year.

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

In other news, President Matthew E. Winter sold 48,059 shares of Allstate Corporation (The) stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $94.53, for a total transaction of $4,543,017.27. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.50% of the stock is owned by insiders.

About Allstate Corporation (The)

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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