Mosaic Family Wealth LLC Sells 1,200 Shares of Allstate Corporation (The) (ALL)

Mosaic Family Wealth LLC lowered its position in shares of Allstate Corporation (The) (NYSE:ALL) by 14.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,326 shares of the insurance provider’s stock after selling 1,200 shares during the quarter. Mosaic Family Wealth LLC’s holdings in Allstate Corporation (The) were worth $673,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Arrow Financial Corp increased its holdings in Allstate Corporation (The) by 100.0% in the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 553 shares during the last quarter. Sandy Spring Bank increased its holdings in Allstate Corporation (The) by 2.5% in the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock valued at $103,000 after purchasing an additional 28 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its holdings in Allstate Corporation (The) by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock valued at $108,000 after purchasing an additional 5 shares during the last quarter. IHT Wealth Management LLC increased its holdings in Allstate Corporation (The) by 46.6% in the second quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 405 shares during the last quarter. Finally, Baker Ellis Asset Management LLC bought a new stake in Allstate Corporation (The) in the third quarter valued at about $120,000. Institutional investors own 76.75% of the company’s stock.

A number of research firms recently commented on ALL. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a report on Tuesday, August 1st. BidaskClub downgraded Allstate Corporation (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $91.00 price objective (up previously from $85.00) on shares of Allstate Corporation (The) in a report on Thursday, July 6th. UBS AG reiterated a “neutral” rating and issued a $94.00 price objective (up previously from $86.00) on shares of Allstate Corporation (The) in a report on Thursday, August 3rd. Finally, Deutsche Bank AG downgraded Allstate Corporation (The) from a “buy” rating to a “hold” rating and upped their price objective for the company from $90.00 to $96.00 in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $91.62.

In other news, President Matthew E. Winter sold 48,059 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $94.53, for a total value of $4,543,017.27. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Susan L. Lees sold 12,288 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $94.09, for a total value of $1,156,177.92. Following the completion of the transaction, the executive vice president now owns 73,511 shares in the company, valued at approximately $6,916,649.99. The disclosure for this sale can be found here. Insiders sold a total of 95,544 shares of company stock worth $9,017,568 in the last 90 days. Company insiders own 1.58% of the company’s stock.

Shares of Allstate Corporation (NYSE:ALL) traded up 0.13% on Tuesday, reaching $94.19. The company had a trading volume of 729,172 shares. The stock has a market cap of $34.04 billion, a PE ratio of 13.91 and a beta of 1.08. The stock has a 50-day moving average price of $92.12 and a 200-day moving average price of $89.04. Allstate Corporation has a 12 month low of $66.55 and a 12 month high of $95.25.

Allstate Corporation (The) (NYSE:ALL) last announced its earnings results on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.48. Allstate Corporation (The) had a return on equity of 12.73% and a net margin of 7.02%. The firm had revenue of $8.02 billion for the quarter, compared to the consensus estimate of $7.99 billion. During the same quarter in the previous year, the business earned $0.62 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. Analysts predict that Allstate Corporation will post $5.83 earnings per share for the current fiscal year.

Allstate Corporation (The) declared that its board has approved 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 buy up to 63% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

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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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