IFP Advisors Inc reduced its stake in shares of Allstate Corporation (The) (NYSE:ALL) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,987 shares of the insurance provider’s stock after selling 733 shares during the period. IFP Advisors Inc’s holdings in Allstate Corporation (The) were worth $1,010,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ALL. Arrow Financial Corp grew its holdings in 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 grew its holdings in 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. grew its holdings in 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 grew its holdings 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 acquiring an additional 405 shares during the period. Finally, Baker Ellis Asset Management LLC acquired a new stake in Allstate Corporation (The) during the 3rd quarter worth about $120,000. Hedge funds and other institutional investors own 76.75% of the company’s stock.

A number of brokerages have weighed in on ALL. Wells Fargo & Company reiterated a “buy” rating and set a $105.00 price target on shares of Allstate Corporation (The) in a report on Thursday. UBS AG reiterated a “neutral” rating and set a $94.00 price target (up from $86.00) on shares of Allstate Corporation (The) in a report on Thursday, August 3rd. BidaskClub downgraded Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Buckingham Research began coverage on Allstate Corporation (The) in a report on Monday, September 11th. They set an “underperform” rating and a $74.00 price target for the company. Finally, Deutsche Bank AG downgraded Allstate Corporation (The) from a “buy” rating to a “hold” rating and increased their price target for the stock from $90.00 to $96.00 in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Allstate Corporation (The) currently has a consensus rating of “Hold” and a consensus price target of $92.31.

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In related news, President Matthew E. Winter sold 48,059 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $94.53, for a total value of $4,543,017.27. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Steven E. Shebik sold 35,197 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $94.28, for a total transaction of $3,318,373.16. Following the completion of the transaction, the chief financial officer now directly owns 127,560 shares in the company, valued at approximately $12,026,356.80. The disclosure for this sale can be found here. 1.58% of the stock is currently owned by company insiders.

Shares of Allstate Corporation (NYSE ALL) opened at $97.84 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.25. The company has a market capitalization of $35,107.54, a PE ratio of 14.41, a PEG ratio of 1.98 and a beta of 1.09. Allstate Corporation has a 12 month low of $66.55 and a 12 month high of $98.21.

Allstate Corporation (The) (NYSE:ALL) last announced its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.01). Allstate Corporation (The) had a net margin of 7.32% and a return on equity of 13.11%. The business had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the previous year, the business posted $1.26 EPS. Allstate Corporation (The)’s revenue was up 3.2% compared to the same quarter last year. analysts anticipate that Allstate Corporation will post 6.23 earnings per share for the current year.

Allstate Corporation (The) declared that its Board of Directors has authorized a stock buyback plan on Tuesday, August 1st that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to buy up to 63% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board 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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