Ausdal Financial Partners Inc. Trims Stake in Allstate Corporation (The) (ALL)

Ausdal Financial Partners Inc. trimmed its stake in shares of Allstate Corporation (The) (NYSE:ALL) by 20.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,864 shares of the insurance provider’s stock after selling 737 shares during the period. Ausdal Financial Partners Inc.’s holdings in Allstate Corporation (The) were worth $263,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. OMERS ADMINISTRATION Corp acquired a new position in Allstate Corporation (The) in the second quarter valued at approximately $1,671,000. State of Tennessee Treasury Department lifted its holdings in Allstate Corporation (The) by 16.7% in the second quarter. State of Tennessee Treasury Department now owns 593,694 shares of the insurance provider’s stock valued at $52,506,000 after buying an additional 85,026 shares during the period. State Street Corp lifted its holdings 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 valued at $1,472,962,000 after buying an additional 530,591 shares during the period. Park National Corp OH lifted its holdings in Allstate Corporation (The) by 1.7% in the second quarter. Park National Corp OH now owns 15,576 shares of the insurance provider’s stock valued at $1,378,000 after buying an additional 256 shares during the period. Finally, Aperio Group LLC lifted its holdings in Allstate Corporation (The) by 16.4% in the third quarter. Aperio Group LLC now owns 410,026 shares of the insurance provider’s stock valued at $37,685,000 after buying an additional 57,713 shares during the period. Institutional investors own 76.75% of the company’s stock.

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Allstate Corporation (NYSE:ALL) traded up $3.59 on Friday, reaching $97.84. 2,825,472 shares of the company’s stock traded hands, compared to its average volume of 1,841,683. The company has a quick ratio of 0.25, a current ratio of 0.26 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $35.11 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09.

Allstate Corporation (The) (NYSE:ALL) last released its earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.01). The firm had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $8.07 billion. Allstate Corporation (The) had a net margin of 7.32% and a return on equity of 13.11%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.26 EPS. equities research analysts expect that Allstate Corporation will post 5.93 earnings per share for the current year.

Allstate Corporation (The) declared that its board has authorized 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 board of directors believes its stock is undervalued.

Several equities analysts recently weighed in on ALL shares. Barclays PLC increased their price objective on shares of Allstate Corporation (The) from $101.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, August 11th. Citigroup Inc increased their price objective on shares of Allstate Corporation (The) from $97.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Deutsche Bank AG lowered shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating and increased their price objective for the company from $90.00 to $96.00 in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Allstate Corporation (The) from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, UBS Group AG (USA) cut their price objective on shares of Allstate Corporation (The) from $94.00 to $93.00 and set a “neutral” rating on the stock in a report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Allstate Corporation (The) presently has a consensus rating of “Hold” and a consensus price target of $92.31.

In other news, CFO Steven E. Shebik sold 35,197 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was 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 owns 127,560 shares in the company, valued at $12,026,356.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Matthew E. Winter sold 48,059 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Company 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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