Ronald Blue & Co. LLC reduced its stake in shares of Allstate Corporation (The) (NYSE:ALL) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 6,987 shares of the insurance provider’s stock after selling 10 shares during the period. Ronald Blue & Co. LLC’s holdings in Allstate Corporation (The) were worth $618,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Henderson Group PLC boosted its stake in Allstate Corporation (The) by 1.1% in the first quarter. Henderson Group PLC now owns 47,317 shares of the insurance provider’s stock valued at $3,855,000 after buying an additional 500 shares during the last quarter. FCA Corp TX boosted its stake in Allstate Corporation (The) by 0.7% in the first quarter. FCA Corp TX now owns 25,241 shares of the insurance provider’s stock valued at $2,057,000 after buying an additional 180 shares during the last quarter. State Street Corp boosted its stake in Allstate Corporation (The) by 3.0% in the first quarter. State Street Corp now owns 18,074,304 shares of the insurance provider’s stock valued at $1,472,962,000 after buying an additional 530,591 shares during the last quarter. Paragon Capital Management Ltd purchased a new stake in Allstate Corporation (The) during the first quarter valued at approximately $222,000. Finally, IFP Advisors Inc boosted its stake in Allstate Corporation (The) by 5.8% in the first quarter. IFP Advisors Inc now owns 12,623 shares of the insurance provider’s stock valued at $1,029,000 after buying an additional 695 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Shares of Allstate Corporation (NYSE ALL) opened at 94.16 on Friday. The company has a 50-day moving average price of $90.07 and a 200-day moving average price of $84.22. Allstate Corporation has a 1-year low of $66.55 and a 1-year high of $94.70. The company has a market cap of $34.03 billion, a PE ratio of 13.91 and a beta of 1.10.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.48. The business had revenue of $8.02 billion for the quarter, compared to analyst estimates of $7.99 billion. Allstate Corporation (The) had a return on equity of 12.73% and a net margin of 7.02%. Allstate Corporation (The)’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Equities research analysts expect that Allstate Corporation will post $6.50 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, August 31st will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. Allstate Corporation (The)’s dividend payout ratio (DPR) is currently 21.86%.

Allstate Corporation (The) announced that its Board of Directors has approved a share buyback program on Tuesday, August 1st that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the insurance provider to repurchase up to 63% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

TRADEMARK VIOLATION WARNING: “Ronald Blue & Co. LLC Lowers Position in Allstate Corporation (The) (ALL)” was posted by Watch List News and is the property of of Watch List News. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.watchlistnews.com/ronald-blue-co-llc-lowers-position-in-allstate-corporation-the-all/1472559.html.

A number of equities research analysts have recently issued reports on ALL shares. Zacks Investment Research cut Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. MKM Partners reiterated a “buy” rating and set a $100.00 price objective (up previously from $90.00) on shares of Allstate Corporation (The) in a research note on Thursday, May 4th. Citigroup Inc. upped their price objective on Allstate Corporation (The) from $97.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Deutsche Bank AG cut Allstate Corporation (The) from a “buy” rating to a “hold” rating and upped their price objective for the stock from $90.00 to $96.00 in a research note on Tuesday. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $91.00 price objective (up previously from $85.00) on shares of Allstate Corporation (The) in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $89.38.

In related news, insider Harriet K. Harty sold 7,228 shares of Allstate Corporation (The) stock in a transaction on Friday, June 30th. The stock was sold at an average price of $88.35, for a total transaction of $638,593.80. Following the sale, the insider now directly owns 18,260 shares in the company, valued at $1,613,271. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven E. Shebik sold 35,197 shares of Allstate Corporation (The) stock in a transaction on Monday, August 7th. The stock was sold at an average price of $94.28, for a total value of $3,318,373.16. Following the sale, the chief financial officer now owns 127,560 shares in the company, valued at $12,026,356.80. The disclosure for this sale can be found here. Insiders have sold 218,162 shares of company stock worth $19,450,439 over the last quarter. 1.58% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allstate Corporation (The) (NYSE:ALL).

Institutional Ownership by Quarter for Allstate Corporation (The) (NYSE:ALL)

Receive News & Ratings for Allstate Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate Corporation (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.