Allstate Corporation (The) (ALL) Position Increased by Bollard Group LLC

Bollard Group LLC raised its position in Allstate Corporation (The) (NYSE:ALL) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 16,751 shares of the insurance provider’s stock after buying an additional 75 shares during the period. Bollard Group LLC’s holdings in Allstate Corporation (The) were worth $1,481,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ALL. Norges Bank acquired a new position in Allstate Corporation (The) during the fourth quarter worth $19,212,000. Wealthfront Inc. boosted its position in shares of Allstate Corporation (The) by 3.1% in the fourth quarter. Wealthfront Inc. now owns 14,398 shares of the insurance provider’s stock worth $1,067,000 after buying an additional 430 shares during the last quarter. RMB Capital Management LLC boosted its position in shares of Allstate Corporation (The) by 110.2% in the fourth quarter. RMB Capital Management LLC now owns 16,066 shares of the insurance provider’s stock worth $1,191,000 after buying an additional 174,066 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Allstate Corporation (The) by 29.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,954,672 shares of the insurance provider’s stock worth $219,001,000 after buying an additional 676,508 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Allstate Corporation (The) by 11.1% in the fourth quarter. Teachers Advisors LLC now owns 968,616 shares of the insurance provider’s stock worth $71,794,000 after buying an additional 97,158 shares during the last quarter. 77.04% of the stock is owned by institutional investors.

Allstate Corporation (NYSE ALL) traded down 0.22% on Friday, hitting $93.95. The stock had a trading volume of 1,111,370 shares. The firm has a market cap of $33.95 billion, a price-to-earnings ratio of 13.88 and a beta of 1.10. The company’s 50-day moving average price is $90.23 and its 200 day moving average price is $84.36. Allstate Corporation has a one year low of $66.55 and a one year high of $94.70.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly 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 the consensus estimate 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 revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 EPS. Analysts expect that Allstate Corporation will post $6.50 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.48 annualized dividend and a dividend yield of 1.58%. Allstate Corporation (The)’s dividend payout ratio is presently 21.86%.

TRADEMARK VIOLATION NOTICE: This piece was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://www.com-unik.info/2017/08/12/allstate-corporation-the-all-stake-raised-by-bollard-group-llc-updated-updated.html.

A number of equities analysts have commented on the company. Wells Fargo & Company reissued a “buy” rating on shares of Allstate Corporation (The) in a report on Tuesday, August 1st. Macquarie cut Allstate Corporation (The) from an “outperform” rating to a “neutral” rating and increased their target price for the company from $78.00 to $81.00 in a report on Tuesday, April 18th. They noted that the move was a valuation call. Morgan Stanley reissued an “equal weight” rating and set a $91.00 target price (up previously from $85.00) on shares of Allstate Corporation (The) in a report on Thursday, July 6th. MKM Partners reaffirmed a “buy” rating and issued a $100.00 price target (up previously from $90.00) on shares of Allstate Corporation (The) in a report on Thursday, May 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $88.00 price target on shares of Allstate Corporation (The) in a report on Friday, June 16th. 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. The company currently has an average rating of “Hold” and an average target price of $90.54.

In other news, President Matthew E. Winter sold 33,957 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $84.38, for a total transaction of $2,865,291.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Harriet K. Harty sold 7,228 shares of the business’s stock in a transaction on Friday, June 30th. The shares were 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 of the company’s stock, valued at $1,613,271. The disclosure for this sale can be found here. Insiders have sold a total of 218,162 shares of company stock valued at $19,450,439 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.

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

What are top analysts saying about Allstate Corporation (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Allstate Corporation (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit