Swiss National Bank increased its position in Allstate Corporation (The) (NYSE:ALL) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,602,573 shares of the insurance provider’s stock after buying an additional 29,800 shares during the period. Swiss National Bank owned approximately 0.44% of Allstate Corporation (The) worth $141,732,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of Allstate Corporation (The) by 19.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,850 shares of the insurance provider’s stock worth $164,000 after buying an additional 300 shares in the last quarter. Commerce Bank increased its stake in shares of Allstate Corporation (The) by 9.4% in the second quarter. Commerce Bank now owns 42,913 shares of the insurance provider’s stock worth $3,795,000 after buying an additional 3,704 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Allstate Corporation (The) by 249.1% in the second quarter. Principal Financial Group Inc. now owns 1,827,612 shares of the insurance provider’s stock worth $161,634,000 after buying an additional 1,304,131 shares in the last quarter. Ray Gerald L & Associates Ltd. increased its stake in shares of Allstate Corporation (The) by 0.4% in the second quarter. Ray Gerald L & Associates Ltd. now owns 11,947 shares of the insurance provider’s stock worth $1,057,000 after buying an additional 51 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Allstate Corporation (The) during the second quarter worth about $1,671,000. 76.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of Allstate Corporation (NYSE ALL) traded up 0.261% on Thursday, hitting $90.305. The stock had a trading volume of 664,790 shares. The firm has a 50-day moving average of $91.52 and a 200 day moving average of $85.59. Allstate Corporation has a 1-year low of $66.55 and a 1-year high of $95.25. The company has a market capitalization of $32.63 billion, a PE ratio of 13.339 and a beta of 1.10.

Allstate Corporation (The) (NYSE:ALL) last posted its earnings results on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.48. The company had revenue of $8.02 billion during the quarter, compared to analysts’ expectations of $7.99 billion. Allstate Corporation (The) had a net margin of 7.02% and a return on equity of 12.73%. Allstate Corporation (The)’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company posted $0.62 earnings per share. On average, equities analysts anticipate that Allstate Corporation will post $6.48 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, August 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.64%. Allstate Corporation (The)’s payout ratio is currently 21.86%.

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A number of equities research analysts recently issued reports on the company. Wells Fargo & Company reissued a “buy” rating on shares of Allstate Corporation (The) in a research report on Thursday, August 17th. BidaskClub downgraded Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Barclays PLC increased their price target on Allstate Corporation (The) from $101.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. 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 research report on Tuesday, August 8th. Finally, UBS AG reissued a “neutral” rating and set a $94.00 price target (up previously from $86.00) on shares of Allstate Corporation (The) in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Allstate Corporation (The) has a consensus rating of “Hold” and a consensus target price of $90.54.

In other Allstate Corporation (The) news, President Matthew E. Winter sold 48,059 shares of Allstate Corporation (The) stock in a transaction on 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 Securities & Exchange Commission, which is available 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 transaction of $3,318,373.16. Following the completion of the transaction, the chief financial officer now directly owns 127,560 shares of the company’s stock, valued at $12,026,356.80. The disclosure for this sale can be found here. Insiders sold a total of 215,466 shares of company stock valued at $19,683,536 over the last three months. Corporate insiders own 1.58% of the company’s stock.

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.

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

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