Signet Financial Management LLC reduced its stake in Allstate Corporation (The) (NYSE:ALL) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,158 shares of the insurance provider’s stock after selling 459 shares during the period. Allstate Corporation (The) makes up about 1.4% of Signet Financial Management LLC’s holdings, making the stock its 18th largest holding. Signet Financial Management LLC’s holdings in Allstate Corporation (The) were worth $6,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of ALL. BlackRock Inc. grew its position in shares of Allstate Corporation (The) by 1.5% in the second quarter. BlackRock Inc. now owns 26,847,576 shares of the insurance provider’s stock valued at $2,374,397,000 after purchasing an additional 389,249 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Allstate Corporation (The) by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 24,213,610 shares of the insurance provider’s stock valued at $2,141,452,000 after purchasing an additional 575,645 shares during the period. State Street Corp lifted its holdings in Allstate Corporation (The) by 3.0% during the 1st quarter. State Street Corp now owns 18,074,304 shares of the insurance provider’s stock worth $1,472,962,000 after purchasing an additional 530,591 shares in the last quarter. Northern Trust Corp lifted its holdings in Allstate Corporation (The) by 18.8% during the 2nd quarter. Northern Trust Corp now owns 7,202,273 shares of the insurance provider’s stock worth $636,969,000 after purchasing an additional 1,141,782 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Allstate Corporation (The) by 6.1% during the 1st quarter. AQR Capital Management LLC now owns 6,268,589 shares of the insurance provider’s stock worth $510,828,000 after purchasing an additional 363,084 shares in the last quarter. 76.13% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Steven E. Shebik sold 35,197 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $94.28, for a total value of $3,318,373.16. Following the transaction, the chief financial officer now owns 127,560 shares of the company’s stock, valued at $12,026,356.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Matthew E. Winter sold 48,059 shares of the business’s 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 disclosure for this sale can be found here. Insiders sold a total of 143,602 shares of company stock valued at $13,272,624 over the last 90 days. 1.58% of the stock is currently owned by corporate insiders.

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Allstate Corporation (ALL) traded up 0.76% during mid-day trading on Wednesday, hitting $92.80. 421,102 shares of the stock traded hands. Allstate Corporation has a 12 month low of $66.55 and a 12 month high of $95.25. The company’s 50 day moving average is $91.14 and its 200 day moving average is $87.44. The company has a market cap of $33.53 billion, a P/E ratio of 13.71 and a beta of 1.08.

Allstate Corporation (The) (NYSE:ALL) last issued its earnings results on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share (EPS) 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 company had revenue of $8.02 billion for the quarter, compared to the consensus estimate of $7.99 billion. During the same quarter last year, the company earned $0.62 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts expect that Allstate Corporation will post $5.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Thursday, August 31st were paid a $0.37 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.48 annualized dividend and a yield of 1.61%. Allstate Corporation (The)’s payout ratio is 21.86%.

Allstate Corporation (The) announced that its Board of Directors has initiated a share repurchase plan on Tuesday, August 1st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to purchase up to 63% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Several research analysts have commented on ALL shares. Wells Fargo & Company restated a “buy” rating on shares of Allstate Corporation (The) in a research note on Tuesday, August 1st. Citigroup Inc. lifted their target price on Allstate Corporation (The) from $97.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, July 13th. BidaskClub cut Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating and set a $91.00 price target (up from $85.00) on shares of Allstate Corporation (The) in a research report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $88.00 price target on shares of Allstate Corporation (The) in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Allstate Corporation (The) has a consensus rating of “Hold” and an average price target of $90.62.

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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