Fiduciary Trust Co. decreased its position in Allstate Corp (NYSE:ALL) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,088 shares of the insurance provider’s stock after selling 2,385 shares during the period. Fiduciary Trust Co.’s holdings in Allstate were worth $2,655,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Boston Partners lifted its holdings in shares of Allstate by 5.9% in the 1st quarter. Boston Partners now owns 9,449,994 shares of the insurance provider’s stock worth $895,859,000 after acquiring an additional 528,800 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Allstate by 3.6% in the 1st quarter. LSV Asset Management now owns 5,251,458 shares of the insurance provider’s stock worth $497,838,000 after acquiring an additional 181,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Allstate by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,599,343 shares of the insurance provider’s stock worth $246,412,000 after acquiring an additional 29,292 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Allstate by 37.1% in the 2nd quarter. Victory Capital Management Inc. now owns 2,103,032 shares of the insurance provider’s stock worth $191,944,000 after acquiring an additional 569,363 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Allstate by 6.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,566,112 shares of the insurance provider’s stock worth $148,524,000 after acquiring an additional 98,462 shares during the last quarter. 76.74% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Susan L. Lees sold 22,189 shares of the firm’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $99.24, for a total value of $2,202,036.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Glenn T. Shapiro sold 21,728 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $98.70, for a total transaction of $2,144,553.60. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the stock. ValuEngine lowered shares of Allstate from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. B. Riley upped their price objective on shares of Allstate from $88.00 to $103.00 and gave the stock a “neutral” rating in a report on Tuesday. Citigroup reduced their target price on shares of Allstate from $113.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, May 4th. Zacks Investment Research lowered shares of Allstate from a “buy” rating to a “hold” rating in a report on Tuesday, June 19th. Finally, Credit Suisse Group started coverage on shares of Allstate in a report on Tuesday. They set an “outperform” rating and a $114.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $103.86.

Allstate opened at $99.48 on Friday, Marketbeat.com reports. The company has a market cap of $34.20 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.26 and a beta of 0.94. Allstate Corp has a 52-week low of $85.59 and a 52-week high of $105.36. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, August 1st. The insurance provider reported $1.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.45. The company had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.53 billion. Allstate had a net margin of 9.06% and a return on equity of 15.21%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.38 EPS. equities analysts expect that Allstate Corp will post 9.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, August 31st will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, August 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.85%. Allstate’s dividend payout ratio (DPR) is presently 27.42%.

About Allstate

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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