Taylor Asset Management Inc. decreased its position in shares of Allstate Corporation (The) (NYSE:ALL) by 13.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 338,900 shares of the insurance provider’s stock after selling 54,800 shares during the period. Allstate Corporation (The) accounts for about 9.9% of Taylor Asset Management Inc.’s portfolio, making the stock its 4th largest position. Taylor Asset Management Inc. owned about 0.09% of Allstate Corporation (The) worth $29,972,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ALL. BlackRock Inc. increased its stake in Allstate Corporation (The) by 2,743.3% in the first quarter. BlackRock Inc. now owns 26,458,327 shares of the insurance provider’s stock worth $2,156,089,000 after buying an additional 25,527,763 shares during the last quarter. Vanguard Group Inc. increased its stake in Allstate Corporation (The) by 3.2% in the first quarter. Vanguard Group Inc. now owns 23,637,965 shares of the insurance provider’s stock worth $1,926,258,000 after buying an additional 733,684 shares during the last quarter. State Street Corp increased 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 worth $1,472,962,000 after buying an additional 530,591 shares during the last quarter. Boston Partners increased its stake in Allstate Corporation (The) by 3.8% in the first quarter. Boston Partners now owns 9,278,481 shares of the insurance provider’s stock worth $756,103,000 after buying an additional 341,615 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Allstate Corporation (The) by 6.1% in the first quarter. AQR Capital Management LLC now owns 6,268,589 shares of the insurance provider’s stock worth $510,828,000 after buying an additional 363,084 shares during the last quarter. Institutional investors own 76.51% of the company’s stock.

Allstate Corporation (NYSE:ALL) opened at 90.75 on Wednesday. Allstate Corporation has a one year low of $66.55 and a one year high of $95.25. The firm has a market capitalization of $32.79 billion, a P/E ratio of 13.40 and a beta of 1.10. The firm has a 50-day moving average price of $91.52 and a 200 day moving average price of $85.59.

Allstate Corporation (The) (NYSE:ALL) last announced its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.48. Allstate Corporation (The) had a net margin of 7.02% and a return on equity of 12.73%. The firm had revenue of $8.02 billion for the quarter, compared to analyst estimates of $7.99 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. Equities research analysts anticipate that Allstate Corporation will post $6.48 earnings per share for the current year.

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

The business also recently declared 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. This represents a $1.48 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Tuesday, August 29th. Allstate Corporation (The)’s payout ratio is currently 21.86%.

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ALL has been the subject of a number of research reports. Barclays PLC reduced their price target on shares of Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, July 3rd. BidaskClub downgraded shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Wells Fargo & Co reiterated a “buy” rating on shares of Allstate Corporation (The) in a research report on Saturday, June 24th. Deutsche Bank AG downgraded shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating and lifted their price target for the company from $90.00 to $96.00 in a research report on Tuesday, August 8th. Finally, Citigroup Inc. lifted their price target on shares of Allstate Corporation (The) from $97.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Allstate Corporation (The) has an average rating of “Hold” and an average target price of $90.54.

In other Allstate Corporation (The) news, insider Harriet K. Harty sold 7,228 shares of Allstate Corporation (The) stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $88.35, for a total value of $638,593.80. Following the transaction, the insider now owns 18,260 shares of the company’s stock, valued at $1,613,271. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Matthew E. Winter sold 48,058 shares of Allstate Corporation (The) stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $88.81, for a total transaction of $4,268,030.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 215,466 shares of company stock worth $19,683,536. 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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