Allstate Corporation (The) (ALL) Stake Lifted by Good Life Advisors LLC

Good Life Advisors LLC boosted its holdings in Allstate Corporation (The) (NYSE:ALL) by 0.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,650 shares of the insurance provider’s stock after purchasing an additional 1 shares during the quarter. Good Life Advisors LLC’s holdings in Allstate Corporation (The) were worth $234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FNY Partners Fund LP purchased a new stake in shares of Allstate Corporation (The) during the first quarter valued at approximately $122,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Allstate Corporation (The) by 8.5% during 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 during the last quarter. Oakworth Capital Inc. grew its holdings in shares of Allstate Corporation (The) by 505.8% during 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 during the last quarter. Watermark Asset Management Inc. purchased a new stake in shares of Allstate Corporation (The) during the first quarter valued at approximately $170,000. Finally, Archford Capital Strategies LLC purchased a new stake in shares of Allstate Corporation (The) during the first quarter valued at approximately $181,000. Institutional investors and hedge funds own 76.51% of the company’s stock.

Allstate Corporation (NYSE:ALL) opened at 90.51 on Friday. The stock has a market capitalization of $32.71 billion, a PE ratio of 13.37 and a beta of 1.09. The company’s 50-day moving average is $91.85 and its 200 day moving average is $86.51. Allstate Corporation has a 1-year low of $66.55 and a 1-year high of $95.25.

Allstate Corporation (The) (NYSE:ALL) last posted its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.38 EPS for the quarter, beating the consensus estimate of $0.90 by $0.48. The company had revenue of $8.02 billion during the quarter, compared to analysts’ expectations of $7.99 billion. Allstate Corporation (The) had a return on equity of 12.73% and a net margin of 7.02%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 EPS. Equities analysts predict that Allstate Corporation will post $6.33 earnings per share for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, August 31st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.64%. The ex-dividend date is Tuesday, August 29th. Allstate Corporation (The)’s dividend payout ratio (DPR) is 21.86%.

A number of research firms have recently commented on ALL. Buckingham Research began coverage on shares of Allstate Corporation (The) in a report on Monday. They set an “underperform” rating and a $74.00 price target on the stock. Wells Fargo & Company restated a “buy” rating on shares of Allstate Corporation (The) in a research report on Thursday, August 17th. BidaskClub downgraded shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. 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 research report on Friday, August 11th. Finally, Deutsche Bank AG downgraded 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 research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Allstate Corporation (The) has a consensus rating of “Hold” and a consensus target price of $90.38.

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In other news, insider Harriet K. Harty sold 7,228 shares of the business’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $88.35, for a total transaction of $638,593.80. Following the completion of the sale, the insider now owns 18,260 shares in the company, valued at approximately $1,613,271. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Lees sold 12,288 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 73,511 shares of the company’s stock, valued at approximately $6,916,649.99. The disclosure for this sale can be found here. Insiders have sold a total of 150,830 shares of company stock valued at $13,911,217 in the last quarter. Company 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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