Dupont Capital Management Corp lowered its position in Allstate Corp (NYSE:ALL) by 6.0% in the third quarter, HoldingsChannel.com reports. The fund owned 60,586 shares of the insurance provider’s stock after selling 3,847 shares during the quarter. Dupont Capital Management Corp’s holdings in Allstate were worth $5,980,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ALL. Global Financial Private Capital LLC raised its position in shares of Allstate by 17.8% during the 3rd quarter. Global Financial Private Capital LLC now owns 5,991 shares of the insurance provider’s stock worth $591,000 after purchasing an additional 905 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of Allstate during the 3rd quarter worth about $1,504,000. Chicago Partners Investment Group LLC raised its position in shares of Allstate by 100.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,600 shares of the insurance provider’s stock worth $430,000 after purchasing an additional 2,300 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Allstate by 1.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 34,297 shares of the insurance provider’s stock worth $3,385,000 after purchasing an additional 634 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Allstate by 4.8% during the 3rd quarter. Gulf International Bank UK Ltd now owns 118,809 shares of the insurance provider’s stock worth $11,726,000 after purchasing an additional 5,400 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

In related news, EVP Jesse E. Merten sold 696 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $92.12, for a total transaction of $64,115.52. Following the completion of the sale, the executive vice president now owns 2,102 shares of the company’s stock, valued at approximately $193,636.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Harriet K. Harty sold 10,515 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $98.87, for a total transaction of $1,039,618.05. Following the sale, the executive vice president now directly owns 14,606 shares of the company’s stock, valued at approximately $1,444,095.22. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

ALL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Allstate from a “hold” rating to a “buy” rating and set a $112.00 price target for the company in a research report on Tuesday, September 18th. ValuEngine upgraded shares of Allstate from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st. Citigroup set a $115.00 price target on shares of Allstate and gave the stock a “buy” rating in a research report on Friday, October 12th. Wells Fargo & Co set a $100.00 price target on shares of Allstate and gave the stock a “hold” rating in a research report on Thursday. Finally, Buckingham Research upgraded shares of Allstate from an “underperform” rating to a “neutral” rating and set a $88.00 price target for the company in a research report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $103.92.

Shares of NYSE ALL opened at $93.72 on Friday. Allstate Corp has a 12-month low of $88.29 and a 12-month high of $105.36. The stock has a market cap of $31.87 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 1.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.26 and a quick ratio of 0.26.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $1.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.28). Allstate had a net margin of 9.38% and a return on equity of 15.48%. The business had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.51 billion. During the same period in the prior year, the company posted $1.60 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. As a group, equities analysts forecast that Allstate Corp will post 9.24 earnings per share for the current year.

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Allstate Profile

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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