Mirador Capital Partners LP Invests $229,000 in Allstate Corporation (The) (NYSE:ALL)

Mirador Capital Partners LP acquired a new position in Allstate Corporation (The) (NYSE:ALL) during the first quarter, according to its most recent filing with the SEC. The firm acquired 2,807 shares of the insurance provider’s stock, valued at approximately $229,000.

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners boosted 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 worth $756,103,000 after buying an additional 341,615 shares during the last quarter. Bank of New York Mellon Corp boosted 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 worth $387,575,000 after buying an additional 792,583 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of 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 worth $325,124,000 after buying an additional 652,541 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of 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 worth $322,883,000 after buying an additional 1,258,952 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Allstate Corporation (The) by 24.2% in the first quarter. UBS Asset Management Americas Inc. now owns 3,669,937 shares of the insurance provider’s stock worth $299,063,000 after buying an additional 715,265 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Allstate Corporation (NYSE:ALL) traded up 0.68% during mid-day trading on Monday, hitting $89.77. The stock had a trading volume of 1,222,579 shares. 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 $88.44 and its 200 day moving average price is $82.69. The firm has a market capitalization of $32.72 billion, a price-to-earnings ratio of 15.22 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, beating the Zacks’ 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. Analysts forecast that Allstate Corporation will post $5.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, August 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.48 annualized dividend and a dividend yield of 1.65%. Allstate Corporation (The)’s payout ratio is presently 25.00%.

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A number of equities research analysts recently weighed in on ALL shares. FBR & Co lifted their target price on Allstate Corporation (The) from $70.00 to $82.00 and gave the stock a “mkt perform” rating in a report on Monday, April 3rd. Citigroup Inc. lifted their target price on Allstate Corporation (The) from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, April 7th. Macquarie cut Allstate Corporation (The) from an “outperform” rating to a “neutral” rating and lifted their price target 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. Zacks Investment Research cut Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Allstate Corporation (The) in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $87.67.

In other news, insider Harriet K. Harty sold 7,228 shares of Allstate Corporation (The) stock in a transaction that occurred on 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 transaction, the insider now directly owns 18,260 shares in the company, valued at $1,613,271. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Matthew E. Winter sold 48,058 shares of Allstate Corporation (The) stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $88.54, for a total transaction of $4,255,055.32. The disclosure for this sale can be found here. Insiders sold 179,259 shares of company stock worth $15,695,746 over the last three months. 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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