Fox Run Management L.L.C. acquired a new stake in shares of Allstate Corp (NYSE:ALL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,916 shares of the insurance provider’s stock, valued at approximately $387,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Millennium Management LLC lifted its stake in shares of Allstate by 101.9% during the second quarter. Millennium Management LLC now owns 1,589,586 shares of the insurance provider’s stock valued at $145,082,000 after buying an additional 802,167 shares during the period. Northern Trust Corp raised its stake in Allstate by 0.4% during the second quarter. Northern Trust Corp now owns 6,831,977 shares of the insurance provider’s stock worth $623,554,000 after purchasing an additional 24,814 shares during the period. Reliance Trust Co. of Delaware raised its stake in Allstate by 8.6% during the second quarter. Reliance Trust Co. of Delaware now owns 7,277 shares of the insurance provider’s stock worth $664,000 after purchasing an additional 575 shares during the period. Great West Life Assurance Co. Can raised its stake in Allstate by 18.9% during the second quarter. Great West Life Assurance Co. Can now owns 572,645 shares of the insurance provider’s stock worth $52,283,000 after purchasing an additional 91,117 shares during the period. Finally, Ontario Teachers Pension Plan Board raised its stake in Allstate by 21.9% during the second quarter. Ontario Teachers Pension Plan Board now owns 111,767 shares of the insurance provider’s stock worth $10,201,000 after purchasing an additional 20,058 shares during the period. 76.22% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Glenn T. Shapiro sold 21,728 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $98.70, for a total value of $2,144,553.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Susan L. Lees sold 22,189 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $99.24, for a total transaction of $2,202,036.36. The disclosure for this sale can be found here. Insiders sold 54,432 shares of company stock valued at $5,386,208 in the last three months. Company insiders own 1.40% of the company’s stock.

A number of equities analysts have weighed in on the stock. ValuEngine downgraded shares of Allstate from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Zacks Investment Research downgraded shares of Allstate from a “buy” rating to a “hold” rating in a research note on Tuesday, June 19th. Citigroup cut their price target on shares of Allstate from $108.00 to $107.00 and set a “buy” rating on the stock in a research note on Friday, July 20th. B. Riley increased their price target on shares of Allstate from $84.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, July 16th. Finally, Buckingham Research raised shares of Allstate from an “underperform” rating to a “neutral” rating and set a $88.00 price target on the stock in a research note on Wednesday, July 18th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $104.00.

NYSE:ALL opened at $96.87 on Thursday. Allstate Corp has a fifty-two week low of $88.29 and a fifty-two week high of $105.36. The company has a market cap of $34.17 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 1.27 and a beta of 0.92. 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 quarterly earnings data on Wednesday, August 1st. The insurance provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.45. Allstate had a net margin of 9.06% and a return on equity of 15.21%. The company had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the prior year, the business earned $1.38 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Allstate Corp will post 9.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, August 31st were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, August 30th. Allstate’s payout ratio is currently 27.42%.

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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