Allstate Corporation (The) (ALL) Holdings Reduced by Macquarie Group Ltd.

Macquarie Group Ltd. reduced its holdings in Allstate Corporation (The) (NYSE:ALL) by 12.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,812,251 shares of the insurance provider’s stock after selling 1,156,425 shares during the period. Allstate Corporation (The) makes up about 1.3% of Macquarie Group Ltd.’s investment portfolio, making the stock its 20th largest position. Macquarie Group Ltd. owned about 2.18% of Allstate Corporation (The) worth $718,025,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board increased its position in Allstate Corporation (The) by 3.1% in the 3rd quarter. Canada Pension Plan Investment Board now owns 491,833 shares of the insurance provider’s stock worth $45,204,000 after buying an additional 14,700 shares during the period. OMERS ADMINISTRATION Corp bought a new position in Allstate Corporation (The) in the 2nd quarter worth approximately $1,671,000. State of Tennessee Treasury Department increased its position in Allstate Corporation (The) by 16.7% in the 2nd quarter. State of Tennessee Treasury Department now owns 593,694 shares of the insurance provider’s stock worth $52,506,000 after buying an additional 85,026 shares during the period. Aperio Group LLC increased its position in Allstate Corporation (The) by 16.4% in the 3rd quarter. Aperio Group LLC now owns 410,026 shares of the insurance provider’s stock worth $37,685,000 after buying an additional 57,713 shares during the period. Finally, Park National Corp OH increased its position in Allstate Corporation (The) by 1.7% in the 2nd quarter. Park National Corp OH now owns 15,576 shares of the insurance provider’s stock worth $1,378,000 after buying an additional 256 shares during the period. 76.42% of the stock is currently owned by institutional investors.

In other Allstate Corporation (The) news, Chairman Thomas J. Wilson sold 195,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $99.13, for a total value of $19,330,350.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Suren Gupta sold 103,242 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $98.68, for a total value of $10,187,920.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 428,242 shares of company stock worth $42,425,971. 1.58% of the stock is owned by insiders.

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Shares of Allstate Corporation (NYSE ALL) traded down $0.81 during mid-day trading on Friday, reaching $99.57. The company had a trading volume of 2,138,800 shares, compared to its average volume of 1,868,546. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31. The firm has a market cap of $35,900.00, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 1.84 and a beta of 1.09. Allstate Corporation has a twelve month low of $69.04 and a twelve month high of $101.12.

Allstate Corporation (The) (NYSE:ALL) last announced its quarterly earnings results 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). The company had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.07 billion. Allstate Corporation (The) had a net margin of 7.32% and a return on equity of 13.11%. Allstate Corporation (The)’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. research analysts anticipate that Allstate Corporation will post 6.55 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 29th. Allstate Corporation (The)’s dividend payout ratio is 20.56%.

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

A number of research firms have recently issued reports on ALL. Wells Fargo & Company set a $110.00 price objective on Allstate Corporation (The) and gave the company a “buy” rating in a research report on Thursday. UBS AG boosted their price objective on Allstate Corporation (The) from $93.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. B. Riley restated a “neutral” rating on shares of Allstate Corporation (The) in a research report on Monday, November 6th. Zacks Investment Research upgraded Allstate Corporation (The) from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, BidaskClub cut Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Allstate Corporation (The) has an average rating of “Hold” and a consensus price target of $93.38.

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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