M&T Bank Corp reduced its stake in shares of Allstate Corp (NYSE:ALL) by 4.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 247,624 shares of the insurance provider’s stock after selling 10,326 shares during the quarter. M&T Bank Corp’s holdings in Allstate were worth $25,929,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Arrow Financial Corp increased its stake in shares of Allstate by 100.0% in the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock worth $102,000 after purchasing an additional 553 shares during the period. IHT Wealth Management LLC increased its stake in shares of Allstate by 46.6% in the second 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 during the period. Financial Engines Advisors L.L.C. bought a new position in shares of Allstate in the third quarter worth about $116,000. Baker Ellis Asset Management LLC bought a new position in shares of Allstate in the third quarter worth about $120,000. Finally, Synovus Financial Corp bought a new position in shares of Allstate in the third quarter worth about $137,000. Institutional investors own 76.89% of the company’s stock.

In related news, EVP Susan L. Lees sold 4,000 shares of Allstate stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $100.49, for a total transaction of $401,960.00. Following the sale, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.58% of the stock is owned by company insiders.

A number of equities analysts have recently commented on the company. Deutsche Bank dropped their price objective on Allstate from $102.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday. Wells Fargo & Co set a $100.00 price objective on Allstate and gave the stock a “hold” rating in a research note on Thursday. Bank of America dropped their price objective on Allstate from $116.00 to $111.00 and set a “buy” rating on the stock in a research note on Thursday. B. Riley reiterated a “neutral” rating on shares of Allstate in a research note on Monday, November 6th. Finally, ValuEngine upgraded Allstate from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $97.00.

Shares of Allstate Corp (NYSE ALL) opened at $90.89 on Friday. Allstate Corp has a 1 year low of $78.13 and a 1 year high of $105.36. The firm has a market capitalization of $32,910.00, a PE ratio of 12.62, a P/E/G ratio of 1.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.25.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.56. Allstate had a return on equity of 12.57% and a net margin of 8.28%. The business had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same period last year, the business earned $2.17 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. analysts anticipate that Allstate Corp will post 8.13 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $0.37. This represents a $1.84 dividend on an annualized basis and a yield of 2.02%. Allstate’s dividend payout ratio (DPR) is 20.56%.

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Allstate 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.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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