BlueCrest Capital Management Ltd decreased its position in shares of Allstate Corporation (The) (NYSE:ALL) by 66.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,741 shares of the insurance provider’s stock after selling 96,673 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Allstate Corporation (The) were worth $4,222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALL. First National Trust Co. increased its holdings in shares of Allstate Corporation (The) by 5.8% during the first quarter. First National Trust Co. now owns 3,707 shares of the insurance provider’s stock valued at $302,000 after acquiring an additional 202 shares in the last quarter. Oxford Asset Management bought a new stake in shares of Allstate Corporation (The) during the first quarter valued at approximately $2,446,000. Wealthsource Partners LLC increased its holdings in shares of Allstate Corporation (The) by 11.7% during the first quarter. Wealthsource Partners LLC now owns 8,644 shares of the insurance provider’s stock valued at $704,000 after acquiring an additional 902 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of Allstate Corporation (The) by 228.4% during the first quarter. Baird Financial Group Inc. now owns 32,587 shares of the insurance provider’s stock valued at $2,656,000 after acquiring an additional 22,663 shares in the last quarter. Finally, Dean Investment Associates LLC increased its holdings in shares of Allstate Corporation (The) by 5.3% during the first quarter. Dean Investment Associates LLC now owns 7,937 shares of the insurance provider’s stock valued at $647,000 after acquiring an additional 401 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

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Shares of Allstate Corporation (NYSE ALL) traded down 0.34% on Monday, reaching $92.97. The company’s stock had a trading volume of 78,931 shares. Allstate Corporation has a 52-week low of $66.55 and a 52-week high of $95.25. The company has a market cap of $33.60 billion, a price-to-earnings ratio of 13.73 and a beta of 1.08. The stock has a 50-day moving average of $91.07 and a 200 day moving average of $87.60.

Allstate Corporation (The) (NYSE:ALL) last posted 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. The business had revenue of $8.02 billion during the quarter, compared to analyst estimates of $7.99 billion. Allstate Corporation (The) had a return on equity of 12.73% and a net margin of 7.02%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. On average, equities research analysts forecast that Allstate Corporation will post $5.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Thursday, August 31st were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Tuesday, August 29th. Allstate Corporation (The)’s payout ratio is 21.86%.

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

Several equities research analysts have recently commented on the company. Wells Fargo & Company restated a “buy” rating on shares of Allstate Corporation (The) in a report on Tuesday, August 1st. BidaskClub downgraded Allstate Corporation (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Morgan Stanley restated an “equal weight” rating and set a $91.00 price objective (up previously from $85.00) on shares of Allstate Corporation (The) in a report on Thursday, July 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $88.00 price objective on shares of Allstate Corporation (The) in a report on Friday, June 16th. Finally, UBS AG restated a “neutral” rating and set a $94.00 price objective (up previously from $86.00) on shares of Allstate Corporation (The) in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $90.50.

In other Allstate Corporation (The) news, 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 completion of the sale, the chief financial officer now owns 127,560 shares of the company’s stock, valued at approximately $12,026,356.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $4,543,017.27. The disclosure for this sale can be found here. In the last three months, insiders sold 143,602 shares of company stock valued at $13,272,624. Corporate 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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