Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Allstate Corporation (The) (NYSE:ALL) by 2.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,477 shares of the insurance provider’s stock after buying an additional 1,827 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Allstate Corporation (The) were worth $8,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALL. Canada Pension Plan Investment Board raised its position in Allstate Corporation (The) by 3.1% in the third quarter. Canada Pension Plan Investment Board now owns 491,833 shares of the insurance provider’s stock valued at $45,204,000 after purchasing an additional 14,700 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in Allstate Corporation (The) in the second quarter valued at $1,671,000. State of Tennessee Treasury Department raised its position in Allstate Corporation (The) by 16.7% in the second quarter. State of Tennessee Treasury Department now owns 593,694 shares of the insurance provider’s stock valued at $52,506,000 after purchasing an additional 85,026 shares during the period. Aperio Group LLC raised its position in Allstate Corporation (The) by 16.4% in the third quarter. Aperio Group LLC now owns 410,026 shares of the insurance provider’s stock valued at $37,685,000 after purchasing an additional 57,713 shares during the period. Finally, Park National Corp OH raised its position in Allstate Corporation (The) by 1.7% in the second quarter. Park National Corp OH now owns 15,576 shares of the insurance provider’s stock valued at $1,378,000 after purchasing an additional 256 shares during the period. 76.42% of the stock is currently owned by institutional investors.

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In related news, CEO Thomas J. Wilson sold 130,000 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suren Gupta sold 103,242 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $98.68, for a total value of $10,187,920.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 428,242 shares of company stock valued at $42,425,971. Insiders own 1.58% of the company’s stock.

ALL has been the topic of several research analyst reports. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a report on Thursday, July 20th. Buckingham Research initiated coverage on Allstate Corporation (The) in a report on Monday, September 11th. They issued an “underperform” rating and a $74.00 price objective on the stock. Zacks Investment Research downgraded Allstate Corporation (The) from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Deutsche Bank AG downgraded Allstate Corporation (The) from a “buy” rating to a “hold” rating and boosted their price objective for the company from $90.00 to $96.00 in a report on Wednesday, August 2nd. Finally, Barclays PLC boosted their price objective on Allstate Corporation (The) from $101.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $93.00.

Allstate Corporation (NYSE ALL) traded up $0.44 during trading hours on Thursday, hitting $100.38. The stock had a trading volume of 2,548,800 shares, compared to its average volume of 1,867,323. The firm has a market cap of $35,861.07, a PE ratio of 14.72, a P/E/G ratio of 1.83 and a beta of 1.09. Allstate Corporation has a twelve month low of $69.04 and a twelve month high of $101.12. 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 Corporation (The) (NYSE:ALL) last released its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 return on equity of 13.11% and a net margin of 7.32%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 earnings per share. research analysts forecast that Allstate Corporation will post 6.55 EPS for the current fiscal year.

Allstate Corporation (The) announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 1st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the insurance provider to repurchase up to 63% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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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