Strycker View Capital LLC boosted its position in shares of Allstate Corporation (The) (NYSE:ALL) by 31.6% during the second quarter, Holdings Channel reports. The institutional investor owned 207,998 shares of the insurance provider’s stock after buying an additional 50,000 shares during the period. Allstate Corporation (The) comprises 9.2% of Strycker View Capital LLC’s investment portfolio, making the stock its 3rd largest position. Strycker View Capital LLC’s holdings in Allstate Corporation (The) were worth $18,395,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Henderson Group PLC raised its stake in shares of Allstate Corporation (The) by 1.1% in the first quarter. Henderson Group PLC now owns 47,317 shares of the insurance provider’s stock worth $3,855,000 after buying an additional 500 shares during the period. FCA Corp TX raised its stake in shares of Allstate Corporation (The) by 0.7% in the first quarter. FCA Corp TX now owns 25,241 shares of the insurance provider’s stock worth $2,057,000 after buying an additional 180 shares during the period. State Street Corp raised its stake in shares of 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 worth $1,472,962,000 after buying an additional 530,591 shares during the period. Paragon Capital Management Ltd bought a new stake in shares of Allstate Corporation (The) during the first quarter worth about $222,000. Finally, IFP Advisors Inc raised its stake in shares of Allstate Corporation (The) by 5.8% in the first quarter. IFP Advisors Inc now owns 12,623 shares of the insurance provider’s stock worth $1,029,000 after buying an additional 695 shares during the period. Institutional investors own 76.91% of the company’s stock.

Shares of Allstate Corporation (NYSE:ALL) opened at 94.42 on Tuesday. The firm has a market cap of $34.12 billion, a P/E ratio of 13.95 and a beta of 1.10. Allstate Corporation has a 12-month low of $66.55 and a 12-month high of $94.83. The company has a 50-day moving average of $90.41 and a 200 day moving average of $84.63.

Allstate Corporation (The) (NYSE:ALL) last announced its earnings results on Tuesday, August 1st. The insurance provider reported $1.38 EPS for the quarter, topping the consensus estimate of $0.90 by $0.48. The company had revenue of $8.02 billion for the quarter, compared to analysts’ expectations of $7.99 billion. Allstate Corporation (The) had a return on equity of 12.73% and a net margin of 7.02%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. Equities analysts predict that Allstate Corporation will post $6.50 EPS for the current year.

The company 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 $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.57%. The ex-dividend date is Tuesday, August 29th. Allstate Corporation (The)’s dividend payout ratio is 21.86%.

Allstate Corporation (The) declared that its board has initiated a stock repurchase plan on Tuesday, August 1st that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to reacquire up to 63% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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A number of analysts recently issued reports on the stock. Deutsche Bank AG lowered shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating and lifted their price target for the stock from $90.00 to $96.00 in a research note on Tuesday, August 8th. Barclays PLC lifted their price target on shares of Allstate Corporation (The) from $101.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday. UBS AG restated a “neutral” rating and issued a $94.00 price target (up previously from $86.00) on shares of Allstate Corporation (The) in a research note on Thursday, August 3rd. BidaskClub lowered shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Wells Fargo & Company restated a “buy” rating on shares of Allstate Corporation (The) in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Allstate Corporation (The) has a consensus rating of “Hold” and a consensus price target of $90.54.

In related news, CFO Steven E. Shebik sold 35,197 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 127,560 shares in the company, valued at $12,026,356.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sanjay Gupta sold 16,798 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $86.00, for a total value of $1,444,628.00. Following the completion of the transaction, the insider now owns 65,798 shares in the company, valued at approximately $5,658,628. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,205 shares of company stock worth $16,585,147. 1.58% of the stock is owned by company insiders.

About Allstate Corporation (The)

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 Corporation (The) (NYSE:ALL)

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