Livforsakringsbolaget Skandia Omsesidigt Continues to Hold Position in Allstate Corporation (The) (ALL)

Livforsakringsbolaget Skandia Omsesidigt continued to hold its position in shares of Allstate Corporation (The) (NYSE:ALL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,525 shares of the insurance provider’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Allstate Corporation (The) were worth $2,611,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ALL. BlackRock Inc. boosted its stake in Allstate Corporation (The) by 2,743.3% in the first quarter. BlackRock Inc. now owns 26,458,327 shares of the insurance provider’s stock valued at $2,156,089,000 after buying an additional 25,527,763 shares during the last quarter. Vanguard Group Inc. boosted its stake in Allstate Corporation (The) by 3.2% in the first quarter. Vanguard Group Inc. now owns 23,637,965 shares of the insurance provider’s stock valued at $1,926,258,000 after buying an additional 733,684 shares during the last quarter. State Street Corp boosted its stake in Allstate Corporation (The) by 3.0% in the first quarter. State Street Corp now owns 18,074,304 shares of the insurance provider’s stock valued at $1,472,962,000 after buying an additional 530,591 shares during the last quarter. 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 valued at $756,103,000 after buying an additional 341,615 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Allstate Corporation (The) by 6.1% in the first quarter. AQR Capital Management LLC now owns 6,268,589 shares of the insurance provider’s stock valued at $510,828,000 after buying an additional 363,084 shares during the last quarter. 76.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Allstate Corporation (NYSE ALL) traded down 0.44% during mid-day trading on Friday, hitting $92.92. 2,595,339 shares of the stock were exchanged. The stock has a market capitalization of $33.58 billion, a P/E ratio of 13.73 and a beta of 1.10. The stock’s 50 day moving average price is $91.03 and its 200-day moving average price is $85.02. Allstate Corporation has a 12-month low of $66.55 and a 12-month high of $95.25.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.48. Allstate Corporation (The) had a return on equity of 12.73% and a net margin of 7.02%. The business had revenue of $8.02 billion for the quarter, compared to analysts’ expectations of $7.99 billion. During the same period last year, the business earned $0.62 EPS. The business’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts expect that Allstate Corporation will post $6.51 EPS for the current fiscal year.

The business 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 1.59%. The ex-dividend date is Tuesday, August 29th. Allstate Corporation (The)’s dividend payout ratio (DPR) is presently 21.86%.

Allstate Corporation (The) declared that its board has authorized a share buyback plan on Tuesday, August 1st that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the insurance provider to buy up to 63% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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Several equities research analysts have weighed in on the stock. Wells Fargo & Company restated a “buy” rating on shares of Allstate Corporation (The) in a research report on Tuesday, August 1st. BidaskClub cut shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley reiterated an “equal weight” rating and set a $91.00 price target (up previously from $85.00) on shares of Allstate Corporation (The) in a research report on Thursday, July 6th. MKM Partners reiterated a “buy” rating and set a $100.00 price target (up previously from $90.00) on shares of Allstate Corporation (The) in a research report on Thursday, May 4th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $88.00 price target on shares of Allstate Corporation (The) in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Allstate Corporation (The) presently has a consensus rating of “Hold” and a consensus target price of $90.54.

In other news, President Matthew E. Winter sold 48,059 shares of Allstate Corporation (The) stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $94.53, for a total transaction of $4,543,017.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steven E. Shebik sold 35,197 shares of Allstate Corporation (The) stock in a transaction on Monday, August 7th. The stock was sold at an average price of $94.28, for a total value of $3,318,373.16. Following the sale, the chief financial officer now owns 127,560 shares in the company, valued at $12,026,356.80. The disclosure for this sale can be found here. Insiders have sold a total of 232,264 shares of company stock worth $21,128,164 over the last quarter. Company insiders own 1.58% of the company’s stock.

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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