Investors purchased shares of Allstate Corp. (NYSE:ALL) on weakness during trading on Friday. $28.30 million flowed into the stock on the tick-up and $9.55 million flowed out of the stock on the tick-down, for a money net flow of $18.75 million into the stock. Of all stocks tracked, Allstate Corp. had the 22nd highest net in-flow for the day. Allstate Corp. traded down ($0.27) for the day and closed at $69.17

Several research analysts have recently issued reports on the company. Deutsche Bank AG reaffirmed a “buy” rating and set a $79.00 price target (up previously from $71.00) on shares of Allstate Corp. in a research note on Tuesday, May 10th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of Allstate Corp. in a research note on Sunday, May 22nd. MKM Partners reaffirmed a “buy” rating on shares of Allstate Corp. in a research note on Thursday, June 16th. Macquarie reaffirmed an “outperform” rating and set a $78.00 price target on shares of Allstate Corp. in a research note on Wednesday, June 8th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Allstate Corp. in a research note on Friday, June 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 71 ($0.91).

The stock has a 50 day moving average price of $69.13 and a 200 day moving average price of $66.86. The stock has a market capitalization of $25.69 billion and a price-to-earnings ratio of 17.42.

Allstate Corp. (NYSE:ALL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.04. The firm had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $8.14 billion. During the same period in the prior year, the business earned $0.63 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities analysts expect that Allstate Corp. will post $4.40 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Wednesday, August 31st will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, August 29th. This represents a $1.32 annualized dividend and a yield of 1.91%.

In related news, CFO Steven E. Shebik sold 20,000 shares of the firm’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of GBX 67.46 ($0.87), for a total transaction of £13,492 ($17,373.17). Following the completion of the transaction, the chief financial officer now owns 87,388 shares of the company’s stock, valued at £58,951.94 ($75,910.31). The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven E. Shebik sold 41,334 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of GBX 68.86 ($0.89), for a total value of £28,462.59 ($36,650.26). Following the transaction, the chief financial officer now directly owns 102,959 shares of the company’s stock, valued at approximately £70,897.57 ($91,292.26). The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its position in shares of Allstate Corp. by 113.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 342,119 shares of the company’s stock valued at $21,242,000 after buying an additional 182,044 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Allstate Corp. by 736.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 95,400 shares of the company’s stock valued at $5,923,000 after buying an additional 84,000 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Allstate Corp. by 5.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,124,682 shares of the company’s stock valued at $69,832,000 after buying an additional 58,917 shares in the last quarter. KBC Group NV increased its stake in shares of Allstate Corp. by 24.9% in the fourth quarter. KBC Group NV now owns 104,128 shares of the company’s stock valued at $6,466,000 after buying an additional 20,765 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Allstate Corp. by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,098,464 shares of the company’s stock valued at $192,404,000 after buying an additional 8,592 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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