Nicolet Bankshares Inc. Has $482,000 Position in Allstate Corporation (The) (NYSE:ALL)

Nicolet Bankshares Inc. boosted its position in Allstate Corporation (The) (NYSE:ALL) by 11.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,445 shares of the insurance provider’s stock after buying an additional 556 shares during the period. Nicolet Bankshares Inc.’s holdings in Allstate Corporation (The) were worth $482,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ALL. FNY Partners Fund LP bought a new position in Allstate Corporation (The) during the first quarter valued at approximately $122,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of Allstate Corporation (The) by 8.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,550 shares of the insurance provider’s stock valued at $126,000 after buying an additional 122 shares in the last quarter. Oakworth Capital Inc. boosted its position in shares of Allstate Corporation (The) by 505.8% in the first quarter. Oakworth Capital Inc. now owns 1,775 shares of the insurance provider’s stock valued at $145,000 after buying an additional 1,482 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in shares of Allstate Corporation (The) during the first quarter valued at about $160,000. Finally, Watermark Asset Management Inc. acquired a new position in shares of Allstate Corporation (The) during the first quarter valued at about $170,000. 76.91% of the stock is currently owned by institutional investors and hedge funds.

Allstate Corporation (NYSE:ALL) traded down 0.44% during trading on Friday, reaching $92.92. The company’s stock had a trading volume of 2,595,339 shares. The company’s 50-day moving average is $91.03 and its 200-day moving average is $85.02. Allstate Corporation has a 12 month low of $66.55 and a 12 month high of $95.25. The stock has a market cap of $33.58 billion, a PE ratio of 13.73 and a beta of 1.10.

Allstate Corporation (The) (NYSE:ALL) last released its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.48. The firm 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%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 earnings per share. Equities analysts expect that Allstate Corporation will post $6.51 EPS for the current fiscal year.

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 given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.48 annualized dividend and a yield of 1.59%. Allstate Corporation (The)’s dividend payout ratio is currently 21.86%.

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

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Several research analysts have commented on ALL shares. Zacks Investment Research cut shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a research note on Thursday, July 20th. Barclays PLC reduced their target price on shares of Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating for the company in a research note on Monday, July 3rd. MKM Partners reissued a “buy” rating and issued a $100.00 price target (up previously from $90.00) on shares of Allstate Corporation (The) in a research report on Thursday, May 4th. 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 analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Allstate Corporation (The) has a consensus rating of “Hold” and a consensus price target of $90.54.

In other news, President Matthew E. Winter sold 48,058 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $88.81, for a total transaction of $4,268,030.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steven E. Shebik sold 35,197 shares of the company’s stock in a transaction on Monday, August 7th. The shares were 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 directly owns 127,560 shares in the company, valued at approximately $12,026,356.80. The disclosure for this sale can be found here. In the last three months, insiders sold 232,264 shares of company stock worth $21,128,164. Insiders own 1.58% of the company’s stock.

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.

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

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