First Business Financial Services Inc. Has $521,000 Position in Allstate Corporation (The) (ALL)

First Business Financial Services Inc. raised its position in shares of Allstate Corporation (The) (NYSE:ALL) by 10.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 6,398 shares of the insurance provider’s stock after buying an additional 609 shares during the period. First Business Financial Services Inc.’s holdings in Allstate Corporation (The) were worth $521,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Boston Partners raised its stake in Allstate Corporation (The) by 3.8% in the first quarter. Boston Partners now owns 9,278,481 shares of the insurance provider’s stock valued at $756,103,000 after buying an additional 341,615 shares during the period. AQR Capital Management LLC raised its stake in Allstate Corporation (The) by 14.7% in the fourth quarter. AQR Capital Management LLC now owns 5,905,505 shares of the insurance provider’s stock valued at $437,716,000 after buying an additional 758,632 shares during the period. Bank of New York Mellon Corp raised its stake in Allstate Corporation (The) by 20.0% in the first quarter. Bank of New York Mellon Corp now owns 4,756,094 shares of the insurance provider’s stock valued at $387,575,000 after buying an additional 792,583 shares during the period. Bank of Montreal Can raised its stake in Allstate Corporation (The) by 19.6% in the first quarter. Bank of Montreal Can now owns 3,989,729 shares of the insurance provider’s stock valued at $325,124,000 after buying an additional 652,541 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Allstate Corporation (The) by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 3,961,953 shares of the insurance provider’s stock valued at $322,883,000 after buying an additional 1,258,952 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Allstate Corporation (ALL) traded up 0.53% during mid-day trading on Tuesday, hitting $90.25. The company had a trading volume of 657,592 shares. The company has a market capitalization of $32.90 billion, a price-to-earnings ratio of 15.30 and a beta of 1.10. The firm’s 50 day moving average is $88.44 and its 200 day moving average is $82.69. Allstate Corporation has a 52 week low of $66.55 and a 52 week high of $90.74.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.36 billion. On average, equities research analysts predict that Allstate Corporation will post $5.95 EPS for the current year.

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.48 dividend on an annualized basis and a yield of 1.65%. Allstate Corporation (The)’s payout ratio is 25.00%.

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Several research firms have commented on ALL. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a research report on Wednesday, May 3rd. FBR & Co raised their price objective on Allstate Corporation (The) from $70.00 to $82.00 and gave the stock a “mkt perform” rating in a research report on Monday, April 3rd. Barclays PLC lowered their price objective on Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, July 3rd. BidaskClub downgraded Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $88.00 target price on shares of Allstate Corporation (The) in a research note on Friday, June 16th. One investment 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’s stock. The stock presently has an average rating of “Buy” and an average price target of $87.67.

In other news, President Matthew E. Winter sold 48,058 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $88.81, for a total value of $4,268,030.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sanjay Gupta sold 16,578 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $90.74, for a total transaction of $1,504,287.72. Following the transaction, the insider now directly owns 68,780 shares of the company’s stock, valued at approximately $6,241,097.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 179,259 shares of company stock valued at $15,695,746. 1.58% of the stock is 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)

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