Legal & General Group Plc Increases Position in Allstate Corporation (The) (NYSE:ALL)

Legal & General Group Plc boosted its position in Allstate Corporation (The) (NYSE:ALL) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,070,652 shares of the insurance provider’s stock after buying an additional 84,127 shares during the period. Legal & General Group Plc’s holdings in Allstate Corporation (The) were worth $168,733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Henderson Group PLC raised its stake in shares of Allstate Corporation (The) by 1.1% in the first quarter. Henderson Group PLC now owns 47,317 shares of the insurance provider’s stock worth $3,855,000 after buying an additional 500 shares during the period. FCA Corp TX raised its stake 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 stake in Allstate Corporation (The) during the first quarter valued at about $222,000. IFP Advisors Inc raised its stake 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 stake 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. Hedge funds and other institutional investors own 76.24% of the company’s stock.

Allstate Corporation (ALL) traded down 0.07% during midday trading on Friday, reaching $89.16. 1,897,566 shares of the company’s stock traded hands. Allstate Corporation has a one year low of $66.55 and a one year high of $90.74. The stock’s 50 day moving average price is $88.29 and its 200-day moving average price is $82.41. The stock has a market cap of $32.50 billion, a PE ratio of 15.12 and a beta of 1.10.

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, topping the 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 during the quarter, compared to analysts’ expectations of $8.36 billion. Equities analysts predict that Allstate Corporation will post $6.00 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, August 31st will be issued 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 dividend payout ratio (DPR) is 25.00%.

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Several analysts have recently issued reports on ALL shares. Credit Suisse Group set a $86.00 target price on shares of Allstate Corporation (The) and gave the stock a “hold” rating in a research note on Saturday, March 25th. FBR & Co upped their target price on shares of Allstate Corporation (The) from $70.00 to $82.00 and gave the stock a “mkt perform” rating in a research note on Monday, April 3rd. Citigroup Inc. upped 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. Macquarie lowered shares of Allstate Corporation (The) from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $78.00 to $81.00 in a research note on Tuesday, April 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $87.67.

In related news, President Matthew E. Winter sold 48,058 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $88.54, for a total transaction of $4,255,055.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Samuel H. Pilch sold 8,582 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $83.88, for a total value of $719,858.16. Following the sale, the vice president now directly owns 35,875 shares in the company, valued at $3,009,195. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 179,259 shares of company stock worth $15,695,746. 1.58% of the stock is owned by corporate 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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