American Century Companies Inc. decreased its stake in shares of Allstate Corporation (The) (NYSE:ALL) by 37.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,298,536 shares of the insurance provider’s stock after selling 791,507 shares during the period. American Century Companies Inc. owned 0.36% of Allstate Corporation (The) worth $114,843,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position 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 in the last quarter. Victory Capital Management Inc. boosted its position in Allstate Corporation (The) by 246.3% in the first quarter. Victory Capital Management Inc. now owns 2,080,446 shares of the insurance provider’s stock valued at $169,536,000 after buying an additional 1,479,694 shares in the last quarter. Ameriprise Financial Inc. boosted its position 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 in the last quarter. Bank of New York Mellon Corp boosted its position 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 in the last quarter. Finally, Vanguard Group Inc. boosted its position 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 in the last quarter. Institutional investors and hedge funds own 76.91% of the company’s stock.

Allstate Corporation (NYSE ALL) opened at 92.02 on Friday. The stock has a market cap of $33.25 billion, a PE ratio of 13.59 and a beta of 1.10. The stock has a 50 day moving average price of $91.52 and a 200-day moving average price of $85.59. Allstate Corporation has a one year low of $66.55 and a one year high of $95.25.

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

The firm 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. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.48 annualized dividend and a yield of 1.61%. Allstate Corporation (The)’s dividend payout ratio (DPR) is presently 21.86%.

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

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Several equities analysts have weighed in on ALL shares. Wells Fargo & Company restated a “buy” rating on shares of Allstate Corporation (The) in a report on Thursday, July 20th. Barclays PLC cut their price target on Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating for the company in a report on Monday, July 3rd. MKM Partners restated a “buy” rating and set a $100.00 price target (up previously from $90.00) on shares of Allstate Corporation (The) in a report on Thursday, May 4th. Citigroup Inc. raised their price target on Allstate Corporation (The) from $97.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Finally, Morgan Stanley restated an “equal weight” rating and set a $91.00 price target (up previously from $85.00) on shares of Allstate Corporation (The) in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $90.54.

In other Allstate Corporation (The) news, CFO Steven E. Shebik sold 35,197 shares of the business’s 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 completion of the transaction, the chief financial officer now directly owns 127,560 shares in the company, valued at approximately $12,026,356.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Matthew E. Winter sold 48,058 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 215,466 shares of company stock valued at $19,683,536 over the last quarter. 1.58% of the stock is currently owned by insiders.

Allstate Corporation (The) Company Profile

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.

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Institutional Ownership by Quarter for Allstate Corporation (The) (NYSE:ALL)

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