Comerica Bank trimmed its position in Allstate Corporation (The) (NYSE:ALL) by 8.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,649 shares of the insurance provider’s stock after selling 10,279 shares during the period. Comerica Bank’s holdings in Allstate Corporation (The) were worth $11,067,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ALL. Arrow Financial Corp lifted its holdings in shares of Allstate Corporation (The) by 100.0% during the 3rd quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock worth $102,000 after acquiring an additional 553 shares during the period. Sandy Spring Bank lifted its holdings in shares of Allstate Corporation (The) by 2.5% during 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 period. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of Allstate Corporation (The) by 0.4% during 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 period. IHT Wealth Management LLC increased its position in Allstate Corporation (The) by 46.6% during the 2nd quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 405 shares in the last quarter. Finally, Baker Ellis Asset Management LLC acquired a new stake in Allstate Corporation (The) during the 3rd quarter worth approximately $120,000. Institutional investors own 76.42% of the company’s stock.

Shares of Allstate Corporation (NYSE ALL) traded down $0.81 on Friday, hitting $99.57. The stock had a trading volume of 2,138,800 shares, compared to its average volume of 1,868,546. The firm has a market capitalization of $36,018.95, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 1.84 and a beta of 1.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26. Allstate Corporation has a 52 week low of $69.04 and a 52 week high of $101.12.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The business had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.07 billion. Allstate Corporation (The) had a net margin of 7.32% and a return on equity of 13.11%. Allstate Corporation (The)’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the business posted $1.26 earnings per share. research analysts expect that Allstate Corporation will post 6.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Wednesday, November 29th. Allstate Corporation (The)’s dividend payout ratio (DPR) is 20.56%.

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

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Several brokerages have issued reports on ALL. Wells Fargo & Company set a $110.00 price objective on shares of Allstate Corporation (The) and gave the company a “buy” rating in a research report on Thursday. UBS AG reiterated a “neutral” rating and set a $94.00 target price (up from $86.00) on shares of Allstate Corporation (The) in a research note on Thursday, August 3rd. Buckingham Research assumed coverage on Allstate Corporation (The) in a research note on Monday, September 11th. They set an “underperform” rating and a $74.00 target price for the company. BidaskClub cut Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, B. Riley reiterated a “neutral” rating on shares of Allstate Corporation (The) in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $93.38.

In related news, insider Suren Gupta sold 103,242 shares of Allstate Corporation (The) stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $98.68, for a total transaction of $10,187,920.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas J. Wilson sold 130,000 shares of Allstate Corporation (The) stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $99.29, for a total value of $12,907,700.00. The disclosure for this sale can be found here. Insiders have sold 428,242 shares of company stock worth $42,425,971 over the last three months. Corporate 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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