Allstate Corporation (The) (ALL) Stake Raised by Cleararc Capital Inc.

Cleararc Capital Inc. raised its position in Allstate Corporation (The) (NYSE:ALL) by 0.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,944 shares of the insurance provider’s stock after buying an additional 1 shares during the period. Cleararc Capital Inc.’s holdings in Allstate Corporation (The) were worth $729,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ALL. Henderson Group PLC raised its position in Allstate Corporation (The) by 1.1% in the first quarter. Henderson Group PLC now owns 47,317 shares of the insurance provider’s stock valued at $3,855,000 after buying an additional 500 shares during the last quarter. FCA Corp TX raised its position in Allstate Corporation (The) by 0.7% in the first quarter. FCA Corp TX now owns 25,241 shares of the insurance provider’s stock valued at $2,057,000 after buying an additional 180 shares during the last quarter. Paragon Capital Management Ltd purchased a new position in Allstate Corporation (The) during the first quarter valued at about $222,000. IFP Advisors Inc raised its position in Allstate Corporation (The) by 5.8% in the first quarter. IFP Advisors Inc now owns 12,623 shares of the insurance provider’s stock valued at $1,029,000 after buying an additional 695 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Allstate Corporation (The) by 4.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,471 shares of the insurance provider’s stock valued at $998,000 after buying an additional 630 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Corporation (NYSE ALL) traded down 0.90% on Wednesday, reaching $89.40. The company had a trading volume of 1,403,868 shares. The stock has a 50 day moving average of $88.64 and a 200 day moving average of $82.86. The firm has a market capitalization of $32.59 billion, a PE ratio of 15.18 and a beta of 1.10. Allstate Corporation has a 12 month low of $66.55 and a 12 month high of $90.74.

Allstate Corporation (The) (NYSE:ALL) last announced its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $1.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.60. Allstate Corporation (The) had a return on equity of 11.45% and a net margin of 6.27%. The firm had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $8.36 billion. On average, analysts anticipate that Allstate Corporation will post $5.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Tuesday, August 29th. Allstate Corporation (The)’s payout ratio is currently 25.00%.

ILLEGAL ACTIVITY WARNING: “Allstate Corporation (The) (ALL) Stake Raised by Cleararc Capital Inc.” was originally published by BNB Daily and is the sole property of of BNB Daily. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.baseball-news-blog.com/2017/07/27/cleararc-capital-inc-acquires-1-shares-of-allstate-corporation-the-all-updated-updated.html.

Several equities analysts recently issued reports on ALL shares. Zacks Investment Research lowered Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. MKM Partners reaffirmed a “buy” rating and issued a $100.00 price target (up previously from $90.00) on shares of Allstate Corporation (The) in a research report on Thursday, May 4th. Citigroup Inc. increased their price target on Allstate Corporation (The) from $97.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $91.00 price target (up previously from $85.00) on shares of Allstate Corporation (The) in a research report on Thursday, July 6th. Finally, BidaskClub raised Allstate Corporation (The) from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $87.67.

In other Allstate Corporation (The) news, insider Harriet K. Harty sold 7,228 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $88.35, for a total transaction of $638,593.80. Following the sale, the insider now owns 18,260 shares in the company, valued at $1,613,271. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Samuel H. Pilch sold 8,582 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $83.88, for a total value of $719,858.16. Following the sale, the vice president now owns 35,875 shares in the company, valued at approximately $3,009,195. The disclosure for this sale can be found here. Insiders have sold 179,259 shares of company stock worth $15,695,746 in the last 90 days. 1.58% of the stock is currently owned by insiders.

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)

Receive News & Ratings for Allstate Corporation (The) Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Allstate Corporation (The) and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply