Allstate Corporation (The) (ALL) Holdings Lessened by TD Asset Management Inc.
TD Asset Management Inc. reduced its holdings in Allstate Corporation (The) (NYSE:ALL) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 151,253 shares of the insurance provider’s stock after selling 3,250 shares during the quarter. TD Asset Management Inc.’s holdings in Allstate were worth $13,902,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board grew its holdings in shares of Allstate by 3.1% during the third quarter. Canada Pension Plan Investment Board now owns 491,833 shares of the insurance provider’s stock worth $45,204,000 after buying an additional 14,700 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Allstate during the second quarter worth about $1,671,000. State of Tennessee Treasury Department grew its holdings in shares of Allstate by 16.7% during the second quarter. State of Tennessee Treasury Department now owns 593,694 shares of the insurance provider’s stock worth $52,506,000 after buying an additional 85,026 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Allstate by 16.4% during the third quarter. Aperio Group LLC now owns 410,026 shares of the insurance provider’s stock worth $37,685,000 after buying an additional 57,713 shares in the last quarter. Finally, BT Investment Management Ltd grew its holdings in shares of Allstate by 2.5% during the third quarter. BT Investment Management Ltd now owns 215,126 shares of the insurance provider’s stock worth $19,800,000 after buying an additional 5,268 shares in the last quarter. Institutional investors own 76.34% of the company’s stock.
In other news, EVP Susan L. Lees sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $100.49, for a total value of $401,960.00. Following the completion of the sale, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Suren Gupta sold 103,242 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were 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. Over the last 90 days, insiders sold 432,242 shares of company stock valued at $42,827,931. Corporate insiders own 1.58% of the company’s stock.
Allstate Corporation (ALL) opened at $103.10 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market capitalization of $36,837.08, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.98 and a beta of 1.12. Allstate Corporation has a one year low of $70.22 and a one year high of $103.51.
Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.01). The company had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.07 billion. Allstate had a net margin of 7.32% and a return on equity of 13.11%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share. equities research analysts predict that Allstate Corporation will post 6.23 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th will be paid a $0.37 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.48 dividend on an annualized basis and a yield of 1.44%. Allstate’s dividend payout ratio is 20.56%.
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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