Quotient Investors LLC maintained its position in shares of Allstate Corporation (The) (NYSE:ALL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,262 shares of the insurance provider’s stock at the end of the second quarter. Quotient Investors LLC’s holdings in Allstate Corporation (The) were worth $673,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FNY Partners Fund LP bought a new position in shares of Allstate Corporation (The) during the first quarter valued at approximately $122,000. Bronfman E.L. Rothschild L.P. increased its position in shares of 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. increased its position in shares of 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 bought a new position in shares of Allstate Corporation (The) during the first quarter valued at approximately $160,000. Finally, Watermark Asset Management Inc. bought a new position in shares of Allstate Corporation (The) during the first quarter valued at approximately $170,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Allstate Corporation (NYSE:ALL) traded up 0.02% on Monday, hitting $94.24. 1,667,206 shares of the company’s stock were exchanged. Allstate Corporation has a 52-week low of $66.55 and a 52-week high of $94.59. The stock has a market cap of $34.05 billion, a P/E ratio of 13.92 and a beta of 1.10. The firm has a 50 day moving average price of $89.06 and a 200-day moving average price of $83.42.

Allstate Corporation (The) (NYSE:ALL) last released its earnings results on Tuesday, August 1st. The insurance provider reported $1.38 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $8.02 billion during the quarter, compared to the consensus estimate of $7.99 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year. Analysts predict that Allstate Corporation will post $6.44 earnings per share for the current fiscal year.

The business 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 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Tuesday, August 29th. Allstate Corporation (The)’s payout ratio is presently 21.86%.

Allstate Corporation (The) declared that its Board of Directors has authorized a stock buyback program on Tuesday, August 1st that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the insurance provider to repurchase up to 63% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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ALL has been the subject of several research reports. Wells Fargo & Company reissued a “buy” rating on shares of Allstate Corporation (The) in a research note on Saturday, June 24th. MKM Partners restated a “buy” rating and issued a $100.00 price target (up from $90.00) on shares of Allstate Corporation (The) in a research report on Thursday, May 4th. Citigroup Inc. upped their price target on shares of Allstate Corporation (The) from $97.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. BidaskClub cut shares of Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $91.00 price target (up from $85.00) on shares of Allstate Corporation (The) in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Allstate Corporation (The) presently has an average rating of “Hold” and a consensus target price of $89.38.

In other Allstate Corporation (The) news, President Matthew E. Winter sold 33,957 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Harriet K. Harty sold 7,228 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $88.35, for a total value of $638,593.80. Following the completion of the transaction, the insider now directly owns 18,260 shares of the company’s stock, valued at $1,613,271. The disclosure for this sale can be found here. Insiders sold 170,677 shares of company stock valued at $14,975,887 over the last three months. 1.58% of the stock is currently 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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