Abbrea Capital LLC held its position in shares of Allstate Corporation (The) (NYSE:ALL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,227 shares of the insurance provider’s stock at the end of the second quarter. Abbrea Capital LLC’s holdings in Allstate Corporation (The) were worth $287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ALL. BlackRock Inc. raised its position in shares of Allstate Corporation (The) by 2,743.3% in the first quarter. BlackRock Inc. now owns 26,458,327 shares of the insurance provider’s stock valued at $2,156,089,000 after buying an additional 25,527,763 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Allstate Corporation (The) by 246.3% in the first quarter. Victory Capital Management Inc. now owns 2,080,446 shares of the insurance provider’s stock valued at $169,536,000 after buying an additional 1,479,694 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Allstate Corporation (The) by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 3,961,953 shares of the insurance provider’s stock valued at $322,883,000 after buying an additional 1,258,952 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Allstate Corporation (The) by 20.0% in the first quarter. Bank of New York Mellon Corp now owns 4,756,094 shares of the insurance provider’s stock valued at $387,575,000 after buying an additional 792,583 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Allstate Corporation (The) by 3.2% in the first quarter. Vanguard Group Inc. now owns 23,637,965 shares of the insurance provider’s stock valued at $1,926,258,000 after buying an additional 733,684 shares during the period. Institutional investors own 76.91% of the company’s stock.

Allstate Corporation (NYSE:ALL) opened at 93.33 on Friday. The company’s 50 day moving average is $90.89 and its 200 day moving average is $84.90. The stock has a market cap of $33.73 billion, a P/E ratio of 13.79 and a beta of 1.10. Allstate Corporation has a 52 week low of $66.55 and a 52 week high of $95.25.

Allstate Corporation (The) (NYSE:ALL) last released 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. The business had revenue of $8.02 billion for the quarter, compared to the consensus estimate of $7.99 billion. Allstate Corporation (The) had a net margin of 7.02% and a return on equity of 12.73%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. Equities analysts predict that Allstate Corporation will post $6.51 earnings per share for the current year.

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

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

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Several analysts have issued reports on ALL shares. Zacks Investment Research downgraded shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a report on Friday, April 21st. MKM Partners reaffirmed a “buy” rating and issued a $100.00 price target (up previously from $90.00) on shares of Allstate Corporation (The) in a report on Thursday, May 4th. Citigroup Inc. upped their price target on shares of Allstate Corporation (The) from $97.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Barclays PLC upped their price target on shares of Allstate Corporation (The) from $101.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, August 11th. Finally, Deutsche Bank AG downgraded shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating and upped their price target for the company from $90.00 to $96.00 in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $90.54.

In other news, insider Harriet K. Harty sold 7,228 shares of Allstate Corporation (The) stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $88.35, for a total value of $638,593.80. Following the transaction, the insider now directly owns 18,260 shares of the company’s stock, valued at $1,613,271. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Matthew E. Winter sold 48,059 shares of Allstate Corporation (The) stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last three months, insiders sold 232,264 shares of company stock worth $21,128,164. 1.58% of the stock is currently owned by insiders.

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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