Jennison Associates LLC bought a new position in shares of Allstate Corporation (The) (NYSE:ALL) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 21,262 shares of the insurance provider’s stock, valued at approximately $1,954,000.

Several other large investors have also recently modified their holdings of ALL. Arrow Financial Corp boosted its holdings in Allstate Corporation (The) by 100.0% in the 3rd quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock worth $102,000 after acquiring an additional 553 shares during the period. Sandy Spring Bank boosted its holdings in Allstate Corporation (The) by 2.5% in the 2nd quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock worth $103,000 after acquiring an additional 28 shares during the period. Jackson Grant Investment Advisers Inc. boosted its holdings in Allstate Corporation (The) by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock worth $108,000 after acquiring an additional 5 shares during the period. IHT Wealth Management LLC boosted its holdings in Allstate Corporation (The) by 46.6% in the 2nd quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 405 shares during the period. Finally, Baker Ellis Asset Management LLC purchased a new position in Allstate Corporation (The) in the 3rd quarter worth approximately $120,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

Allstate Corporation (ALL) opened at $100.17 on Monday. Allstate Corporation has a 52 week low of $69.04 and a 52 week high of $101.12. The firm has a market capitalization of $35,940.00, a PE ratio of 14.75, a P/E/G ratio of 1.88 and a beta of 1.09. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31.

Allstate Corporation (The) (NYSE:ALL) last announced its earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.01). Allstate Corporation (The) had a net margin of 7.32% and a return on equity of 13.11%. The firm had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the prior year, the business earned $1.26 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. equities analysts forecast that Allstate Corporation will post 6.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th will be given a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.48%. Allstate Corporation (The)’s dividend payout ratio (DPR) is 20.56%.

Allstate Corporation (The) announced that its Board of Directors has initiated a stock repurchase program on Tuesday, August 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the insurance provider to purchase 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.

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In related news, Chairman Thomas J. Wilson sold 195,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $99.13, for a total value of $19,330,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Suren Gupta sold 103,242 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $98.68, for a total value of $10,187,920.56. The disclosure for this sale can be found here. Insiders sold a total of 428,242 shares of company stock valued at $42,425,971 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.

A number of equities analysts have issued reports on the company. Wells Fargo & Company set a $110.00 target price on Allstate Corporation (The) and gave the company a “buy” rating in a research report on Thursday. B. Riley reaffirmed a “neutral” rating on shares of Allstate Corporation (The) in a research report on Monday, November 6th. UBS AG upped their target price on Allstate Corporation (The) from $93.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Zacks Investment Research raised Allstate Corporation (The) from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Credit Suisse Group upped their target price on Allstate Corporation (The) from $91.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Allstate Corporation (The) has a consensus rating of “Hold” and a consensus price target of $93.38.

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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