Chicago Partners Investment Group LLC lowered its position in Allstate Corp (NYSE:ALL) by 50.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,300 shares of the insurance provider’s stock after selling 2,300 shares during the period. Chicago Partners Investment Group LLC’s holdings in Allstate were worth $211,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arrow Financial Corp lifted its position in Allstate by 100.0% during the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 553 shares in the last quarter. Sandy Spring Bank lifted its position in Allstate by 2.5% during the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock valued at $103,000 after purchasing an additional 28 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its position in Allstate by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock valued at $108,000 after purchasing an additional 5 shares in the last quarter. IHT Wealth Management LLC lifted its position in Allstate by 46.6% during the second quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 405 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. purchased a new position in Allstate during the third quarter valued at $116,000. 76.65% of the stock is owned by institutional investors.

Allstate Corp (NYSE:ALL) opened at $103.97 on Friday. Allstate Corp has a 52-week low of $73.04 and a 52-week high of $104.46. The company has a market capitalization of $37,307.14, a PE ratio of 15.31, a PEG ratio of 2.00 and a beta of 1.12. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $1.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.01). Allstate had a net margin of 7.32% and a return on equity of 13.11%. The business had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $8.07 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. Allstate’s revenue was up 3.2% on a year-over-year basis. sell-side analysts predict that Allstate Corp will post 6.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 30th will be given a $0.37 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.48 annualized dividend and a dividend yield of 1.42%. Allstate’s payout ratio is 20.56%.

ALL has been the topic of several analyst reports. Zacks Investment Research upgraded Allstate from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. UBS lifted their target price on Allstate from $93.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Citigroup lowered their target price on Allstate from $107.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, October 2nd. Goldman Sachs Group initiated coverage on Allstate in a research report on Monday, December 4th. They set a “neutral” rating and a $104.00 target price on the stock. Finally, Credit Suisse Group lifted their target price on Allstate from $91.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $96.50.

In other news, insider Suren Gupta sold 103,242 shares of the business’s 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas J. Wilson sold 130,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $99.29, for a total value of $12,907,700.00. The disclosure for this sale can be found here. Insiders sold 432,242 shares of company stock worth $42,827,931 over the last 90 days. Company insiders own 1.58% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/17/allstate-corp-all-shares-sold-by-chicago-partners-investment-group-llc.html.

About Allstate

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.

Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allstate Corp (NYSE:ALL).

Institutional Ownership by Quarter for Allstate (NYSE:ALL)

Receive News & Stock Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related stocks with our FREE daily email newsletter.