Chicago Equity Partners LLC Reduces Holdings in Allstate Corporation (The) (ALL)

Chicago Equity Partners LLC lessened its stake in shares of Allstate Corporation (The) (NYSE:ALL) by 33.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,640 shares of the insurance provider’s stock after selling 71,072 shares during the period. Chicago Equity Partners LLC’s holdings in Allstate Corporation (The) were worth $12,742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALL. Chartwell Investment Partners LLC bought a new position in shares of Allstate Corporation (The) during the 1st quarter valued at about $1,131,000. New Vernon Investment Management LLC lifted its holdings in shares of Allstate Corporation (The) by 50.0% in the 1st quarter. New Vernon Investment Management LLC now owns 38,403 shares of the insurance provider’s stock valued at $3,129,000 after acquiring an additional 12,801 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Allstate Corporation (The) by 10.7% in the 1st quarter. Thrivent Financial For Lutherans now owns 14,911 shares of the insurance provider’s stock valued at $1,210,000 after acquiring an additional 1,440 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Allstate Corporation (The) in the 1st quarter valued at about $304,000. Finally, Global X Management Co. LLC lifted its holdings in shares of Allstate Corporation (The) by 13.3% in the 1st quarter. Global X Management Co. LLC now owns 7,836 shares of the insurance provider’s stock valued at $639,000 after acquiring an additional 921 shares during the last quarter. 76.49% of the stock is owned by institutional investors and hedge funds.

In related news, President Matthew E. Winter sold 48,059 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $94.53, for a total transaction of $4,543,017.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.

Allstate Corporation (NYSE:ALL) traded up $0.79 during trading hours on Monday, hitting $98.63. 155,780 shares of the stock traded hands, compared to its average volume of 1,760,000. Allstate Corporation has a 1-year low of $66.55 and a 1-year high of $98.21. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $35,110.00, a P/E ratio of 14.41, a P/E/G ratio of 1.89 and a beta of 1.09.

Allstate Corporation (The) (NYSE:ALL) last posted its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $1.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.01). Allstate Corporation (The) had a return on equity of 13.11% and a net margin of 7.32%. The company had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. research analysts forecast that Allstate Corporation will post 6.23 earnings per share for the current fiscal year.

Allstate Corporation (The) declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 1st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the insurance provider to reacquire up to 63% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

A number of research firms recently weighed in on ALL. Wells Fargo & Company reissued a “buy” rating and issued a $105.00 price objective on shares of Allstate Corporation (The) in a research report on Thursday. Citigroup Inc. reduced their price objective on shares of Allstate Corporation (The) from $107.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, October 2nd. Credit Suisse Group increased their price objective on shares of Allstate Corporation (The) from $91.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday. BidaskClub lowered shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Zacks Investment Research raised shares of Allstate Corporation (The) from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $92.31.

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Allstate Corporation (The) 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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