First Allied Advisory Services Inc. decreased its position in Allstate Corporation (The) (NYSE:ALL) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,852 shares of the insurance provider’s stock after selling 129 shares during the period. First Allied Advisory Services Inc.’s holdings in Allstate Corporation (The) were worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Jackson Grant Investment Advisers Inc. raised 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 worth $108,000 after acquiring an additional 5 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Allstate Corporation (The) by 0.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,082 shares of the insurance provider’s stock worth $273,000 after acquiring an additional 9 shares during the last quarter. Brighton Jones LLC raised its stake in Allstate Corporation (The) by 0.3% in the 2nd quarter. Brighton Jones LLC now owns 3,313 shares of the insurance provider’s stock worth $293,000 after acquiring an additional 10 shares during the last quarter. Sandy Spring Bank raised 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 worth $103,000 after acquiring an additional 28 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its stake in Allstate Corporation (The) by 1.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,709 shares of the insurance provider’s stock worth $219,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 76.13% of the company’s stock.

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A number of brokerages recently issued reports on ALL. BidaskClub lowered Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Wells Fargo & Company restated a “buy” rating on shares of Allstate Corporation (The) in a research note on Thursday, August 17th. Deutsche Bank AG lowered Allstate Corporation (The) from a “buy” rating to a “hold” rating and raised their target price for the stock from $90.00 to $96.00 in a research note on Tuesday, August 8th. Barclays PLC raised their target price on Allstate Corporation (The) from $101.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th. Finally, UBS AG restated a “neutral” rating and issued a $94.00 target price (up previously from $86.00) on shares of Allstate Corporation (The) in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Allstate Corporation (The) currently has an average rating of “Hold” and an average target price of $90.50.

Allstate Corporation (NYSE ALL) opened at 93.19 on Friday. The firm’s 50 day moving average price is $91.07 and its 200-day moving average price is $87.52. The stock has a market cap of $33.68 billion, a price-to-earnings ratio of 13.77 and a beta of 1.08. Allstate Corporation has a 1-year low of $66.55 and a 1-year high of $95.25.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Thursday, August 31st were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.48 annualized dividend and a dividend yield of 1.59%. Allstate Corporation (The)’s dividend payout ratio (DPR) is 21.86%.

Allstate Corporation (The) declared that its board has initiated 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 purchase up to 63% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

In other news, EVP Susan L. Lees sold 12,288 shares of the stock in a transaction dated 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 $6,916,649.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Matthew E. Winter sold 48,058 shares of the stock in a transaction dated 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. Insiders have sold 143,602 shares of company stock valued at $13,272,624 in the last quarter. 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.

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

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