Fairfield Bush & CO. held its position in shares of Allstate Corporation (The) (NYSE:ALL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,596 shares of the insurance provider’s stock at the close of the 2nd quarter. Fairfield Bush & CO.’s holdings in Allstate Corporation (The) were worth $230,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ALL. Savant Capital LLC lifted its position in shares of Allstate Corporation (The) by 27.5% during the first quarter. Savant Capital LLC now owns 9,465 shares of the insurance provider’s stock worth $771,000 after purchasing an additional 2,042 shares during the last quarter. Hancock Holding Co. lifted its position in shares of Allstate Corporation (The) by 168.0% during the first quarter. Hancock Holding Co. now owns 181,112 shares of the insurance provider’s stock worth $14,760,000 after purchasing an additional 113,522 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Allstate Corporation (The) by 3.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 360,220 shares of the insurance provider’s stock worth $29,355,000 after purchasing an additional 13,330 shares during the last quarter. United Bank Inc. bought a new stake in shares of Allstate Corporation (The) during the first quarter worth $279,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Allstate Corporation (The) by 0.5% during the first quarter. Envestnet Asset Management Inc. now owns 139,128 shares of the insurance provider’s stock worth $11,334,000 after purchasing an additional 707 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

In other Allstate Corporation (The) news, President Matthew E. Winter sold 48,059 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $94.53, for a total value of $4,543,017.27. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Susan L. Lees sold 12,288 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $94.09, for a total value of $1,156,177.92. Following the completion of the sale, the executive vice president now directly owns 73,511 shares in the company, valued at approximately $6,916,649.99. The disclosure for this sale can be found here. Insiders sold a total of 143,602 shares of company stock worth $13,272,624 in the last ninety days. 1.58% of the stock is owned by corporate insiders.

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Allstate Corporation (NYSE ALL) traded down 0.12% during mid-day trading on Wednesday, hitting $93.22. The company had a trading volume of 228,660 shares. The company has a 50-day moving average price of $91.09 and a 200 day moving average price of $87.87. The company has a market capitalization of $33.69 billion, a P/E ratio of 13.81 and a beta of 1.08. Allstate Corporation has a 52-week low of $66.55 and a 52-week high of $95.25.

Allstate Corporation (The) (NYSE:ALL) last posted its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.48. The company had revenue of $8.02 billion for 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%. Allstate Corporation (The)’s revenue for the quarter 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, analysts forecast that Allstate Corporation will post $5.93 EPS for the current fiscal year.

Allstate Corporation (The) announced that its board 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 buy up to 63% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Several analysts have recently weighed in on the company. Barclays PLC decreased their target price on Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, July 3rd. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a research report on Saturday, June 24th. Zacks Investment Research downgraded Allstate Corporation (The) from a “hold” rating to a “sell” rating in a research report on Tuesday. UBS AG reiterated a “neutral” rating and set a $94.00 target price (up from $86.00) on shares of Allstate Corporation (The) in a research report on Thursday, August 3rd. Finally, BidaskClub downgraded Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $90.50.

Allstate Corporation (The) 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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