Allstate Corporation (The) (NYSE:ALL) Stake Increased by Park National Corp OH

Park National Corp OH boosted its stake in Allstate Corporation (The) (NYSE:ALL) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 15,576 shares of the insurance provider’s stock after buying an additional 256 shares during the period. Park National Corp OH’s holdings in Allstate Corporation (The) were worth $1,378,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ALL. FNY Partners Fund LP purchased a new stake in Allstate Corporation (The) during the first quarter valued at about $122,000. Bronfman E.L. Rothschild L.P. raised its stake in Allstate Corporation (The) by 8.5% in 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. raised its stake in Allstate Corporation (The) by 505.8% in 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. Howard Hughes Medical Institute purchased a new stake in Allstate Corporation (The) during the first quarter valued at about $160,000. Finally, Watermark Asset Management Inc. purchased a new stake in Allstate Corporation (The) during the first quarter valued at about $170,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Allstate Corporation (NYSE:ALL) opened at 89.16 on Monday. Allstate Corporation has a 1-year low of $66.55 and a 1-year high of $90.74. The firm has a 50-day moving average of $88.29 and a 200-day moving average of $82.41. The stock has a market capitalization of $32.50 billion, a price-to-earnings ratio of 15.12 and a beta of 1.10.

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

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 dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, August 29th. Allstate Corporation (The)’s dividend payout ratio (DPR) is presently 25.00%.

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ALL has been the topic of several recent analyst reports. Wells Fargo & Company reissued a “buy” rating on shares of Allstate Corporation (The) in a research note on Saturday, June 24th. Citigroup Inc. increased their target price on shares of Allstate Corporation (The) from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, April 7th. MKM Partners reissued a “buy” rating and set a $100.00 target price (up from $90.00) on shares of Allstate Corporation (The) in a research note on Thursday, May 4th. BidaskClub lowered shares of Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $91.00 target price (up from $85.00) on shares of Allstate Corporation (The) in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $87.67.

In other Allstate Corporation (The) news, President Matthew E. Winter sold 33,957 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $84.38, for a total value of $2,865,291.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Harriet K. Harty sold 7,228 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were 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 directly owns 18,260 shares in the company, valued at approximately $1,613,271. The disclosure for this sale can be found here. Insiders sold 179,259 shares of company stock worth $15,695,746 in the last ninety days. 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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