CCM Investment Advisers LLC lessened its position in Allstate Corporation (The) (NYSE:ALL) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,258 shares of the insurance provider’s stock after selling 3,879 shares during the quarter. Allstate Corporation (The) comprises 2.0% of CCM Investment Advisers LLC’s holdings, making the stock its 21st largest position. CCM Investment Advisers LLC’s holdings in Allstate Corporation (The) were worth $10,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALL. Global X Management Co. LLC lifted its position in shares of Allstate Corporation (The) by 13.3% in the first quarter. Global X Management Co. LLC now owns 7,836 shares of the insurance provider’s stock valued at $639,000 after acquiring an additional 921 shares in the last quarter. Edgar Lomax Co. VA lifted its position in shares of Allstate Corporation (The) by 5.7% in the first quarter. Edgar Lomax Co. VA now owns 978,270 shares of the insurance provider’s stock valued at $79,719,000 after acquiring an additional 53,057 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Allstate Corporation (The) in the first quarter valued at approximately $2,481,000. Marshall Wace North America L.P. acquired a new stake in shares of Allstate Corporation (The) in the first quarter valued at approximately $2,250,000. Finally, Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 733,684 shares during the last quarter. Institutional investors and hedge funds own 76.49% of the company’s stock.

Several research firms recently commented on ALL. UBS AG increased their price target on Allstate Corporation (The) from $93.00 to $102.00 and gave the company a “neutral” rating in a report on Monday. Zacks Investment Research raised Allstate Corporation (The) from a “sell” rating to a “hold” rating in a report on Friday. Wells Fargo & Company reaffirmed a “buy” rating on shares of Allstate Corporation (The) in a report on Thursday, August 17th. BidaskClub cut Allstate Corporation (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Deutsche Bank AG cut Allstate Corporation (The) from a “buy” rating to a “hold” rating and increased their price target for the company from $90.00 to $96.00 in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $93.00.

Allstate Corporation (NYSE:ALL) traded up $1.25 during mid-day trading on Tuesday, reaching $99.09. The company’s stock had a trading volume of 1,632,417 shares, compared to its average volume of 1,770,000. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market capitalization of $35,960.00, a PE ratio of 14.41, a price-to-earnings-growth ratio of 1.89 and a beta of 1.09. Allstate Corporation has a one year low of $66.55 and a one year high of $100.27.

Allstate Corporation (The) (NYSE:ALL) last posted its earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.01). The business had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.07 billion. Allstate Corporation (The) had a return on equity of 13.11% and a net margin of 7.32%. Allstate Corporation (The)’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS. analysts predict that Allstate Corporation will post 6.23 EPS for the current fiscal year.

Allstate Corporation (The) declared that its board has approved a stock repurchase program on Tuesday, August 1st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the insurance provider to purchase up to 63% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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In other news, President Matthew E. Winter sold 48,059 shares of the firm’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

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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