Allstate Corporation (The) (ALL) Stake Decreased by Korea Investment CORP

Korea Investment CORP lessened its holdings in Allstate Corporation (The) (NYSE:ALL) by 2.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 842,749 shares of the insurance provider’s stock after selling 24,100 shares during the period. Korea Investment CORP owned about 0.23% of Allstate Corporation (The) worth $77,457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ALL. Arrow Financial Corp lifted its position in Allstate Corporation (The) 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 acquiring an additional 553 shares during the last quarter. Sandy Spring Bank increased its stake in Allstate Corporation (The) by 2.5% during the 2nd 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. increased its stake in Allstate Corporation (The) by 0.4% during the 2nd 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 increased its stake in Allstate Corporation (The) by 46.6% during the 2nd 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, Baker Ellis Asset Management LLC acquired a new position in Allstate Corporation (The) during the 3rd quarter valued at approximately $120,000. 76.49% of the stock is owned by hedge funds and other institutional investors.

In other Allstate Corporation (The) news, President Matthew E. Winter sold 48,059 shares of Allstate Corporation (The) stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $94.53, for a total transaction of $4,543,017.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.58% of the stock is owned by company insiders.

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Shares of Allstate Corporation (NYSE ALL) opened at $99.12 on Friday. Allstate Corporation has a 12-month low of $68.92 and a 12-month high of $100.31. The stock has a market cap of $35,505.83, a PE ratio of 14.57, a P/E/G ratio of 1.81 and a beta of 1.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26.

Allstate Corporation (The) (NYSE:ALL) last released its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.01). Allstate Corporation (The) had a return on equity of 13.11% and a net margin of 7.32%. The firm had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter in the previous year, the business posted $1.26 earnings per share. Allstate Corporation (The)’s revenue for the quarter was up 3.2% on a year-over-year basis. analysts predict that Allstate Corporation will post 6.55 EPS for the current year.

Allstate Corporation (The) declared that its Board of Directors has authorized a share repurchase plan on Tuesday, August 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the insurance provider to buy up to 63% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

A number of analysts have recently weighed in on the stock. B. Riley reiterated a “neutral” rating on shares of Allstate Corporation (The) in a research note on Monday, November 6th. UBS AG increased their price objective on shares of Allstate Corporation (The) from $93.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Zacks Investment Research upgraded shares of Allstate Corporation (The) from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Credit Suisse Group increased their price target on shares of Allstate Corporation (The) from $91.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Finally, Wells Fargo & Company reissued a “buy” rating and set a $105.00 price target on shares of Allstate Corporation (The) in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Allstate Corporation (The) has a consensus rating of “Hold” and an average price target of $93.00.

Allstate Corporation (The) 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.

Institutional Ownership by Quarter for Allstate Corporation (The) (NYSE:ALL)

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