BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its position in shares of Allstate Corp (NYSE:ALL) by 26.7% in the third quarter, Holdings Channel reports. The institutional investor owned 110,270 shares of the insurance provider’s stock after selling 40,075 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Allstate were worth $10,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC bought a new position in Allstate during the third quarter worth $110,000. Stelac Advisory Services LLC bought a new stake in Allstate in the third quarter valued at $128,000. O Shaughnessy Asset Management LLC increased its stake in Allstate by 1,316.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,331 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 1,237 shares in the last quarter. Denali Advisors LLC bought a new stake in Allstate in the third quarter valued at $158,000. Finally, Mark Sheptoff Financial Planning LLC increased its stake in Allstate by 150.0% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,750 shares of the insurance provider’s stock valued at $160,000 after purchasing an additional 1,050 shares in the last quarter. 77.15% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Harriet K. Harty sold 10,515 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $98.87, for a total transaction of $1,039,618.05. Following the transaction, the executive vice president now directly owns 14,606 shares in the company, valued at $1,444,095.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jesse E. Merten sold 696 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $92.12, for a total transaction of $64,115.52. Following the transaction, the executive vice president now owns 2,102 shares in the company, valued at $193,636.24. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

ALL has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Allstate from a “buy” rating to a “hold” rating in a research note on Monday, September 24th. Bank of America decreased their price target on shares of Allstate from $113.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Wells Fargo & Co set a $100.00 price target on shares of Allstate and gave the company a “hold” rating in a research note on Wednesday, October 31st. Credit Suisse Group set a $112.00 price target on shares of Allstate and gave the company a “buy” rating in a research note on Wednesday, November 14th. Finally, Morgan Stanley decreased their price target on shares of Allstate from $105.00 to $102.00 and set a “hold” rating for the company in a research note on Wednesday, November 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $102.82.

ALL opened at $85.09 on Friday. Allstate Corp has a 1-year low of $83.34 and a 1-year high of $105.36. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $29.76 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 1.16 and a beta of 0.85.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.28). The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.51 billion. Allstate had a net margin of 9.38% and a return on equity of 15.48%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 earnings per share. On average, equities analysts predict that Allstate Corp will post 8.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, November 30th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, November 29th. Allstate’s dividend payout ratio is currently 27.42%.

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Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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