Allstate Corp. (NYSE:ALL) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $70.12 and last traded at $70.04, with a volume of 737,687 shares changing hands. The stock had previously closed at $69.66.

ALL has been the subject of several research reports. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Allstate Corp. in a research report on Tuesday, April 12th. Citigroup Inc. reaffirmed a “buy” rating on shares of Allstate Corp. in a research report on Monday, April 11th. MKM Partners reaffirmed a “buy” rating on shares of Allstate Corp. in a research report on Thursday, June 16th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of Allstate Corp. in a research report on Sunday, May 22nd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $79.00 price target (up previously from $71.00) on shares of Allstate Corp. in a research report on Tuesday, May 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 70.71 ($0.92).

The company has a market cap of $26.06 billion and a price-to-earnings ratio of 16.99. The stock’s 50-day moving average price is $67.74 and its 200 day moving average price is $65.10.

Allstate Corp. (NYSE:ALL) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by $0.61. The company had revenue of $7.72 billion for the quarter, compared to analysts’ expectations of $7.61 billion. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.46 EPS. Equities research analysts expect that Allstate Corp. will post $4.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 3rd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost from Allstate Corp.’s previous quarterly dividend of $0.30.

In related news, insider Don Civgin sold 214,412 shares of Allstate Corp. stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of GBX 66.92 ($0.87), for a total value of £143,484.51 ($186,125.97). Following the completion of the transaction, the insider now owns 167,147 shares in the company, valued at £111,854.77 ($145,096.35). The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven E. Shebik sold 20,000 shares of Allstate Corp. stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of GBX 67.46 ($0.88), for a total transaction of £13,492 ($17,501.62). Following the completion of the transaction, the chief financial officer now owns 87,388 shares of the company’s stock, valued at approximately £58,951.94 ($76,471.58). The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of Allstate Corp. by 42.0% in the fourth quarter. Victory Capital Management Inc. now owns 18,700 shares of the company’s stock worth $1,161,000 after buying an additional 5,532 shares in the last quarter. Weatherly Asset Management L. P. increased its stake in shares of Allstate Corp. by 13.8% in the fourth quarter. Weatherly Asset Management L. P. now owns 20,954 shares of the company’s stock valued at $1,301,000 after buying an additional 2,533 shares in the last quarter. Afam Capital Inc. increased its stake in shares of Allstate Corp. by 5.2% in the fourth quarter. Afam Capital Inc. now owns 25,191 shares of the company’s stock valued at $1,564,000 after buying an additional 1,255 shares in the last quarter. Tredje AP fonden increased its stake in shares of Allstate Corp. by 0.8% in the fourth quarter. Tredje AP fonden now owns 26,503 shares of the company’s stock valued at $1,653,000 after buying an additional 199 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of Allstate Corp. by 104.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 29,078 shares of the company’s stock valued at $1,805,000 after buying an additional 14,878 shares in the last quarter.

The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business.

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