Allstate Corp (NYSE:ALL) President Matthew E. Winter sold 33,956 shares of Allstate Corp stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $81.01, for a total value of $2,750,775.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Matthew E. Winter also recently made the following trade(s):

  • On Wednesday, March 15th, Matthew E. Winter sold 33,956 shares of Allstate Corp stock. The shares were sold at an average price of $82.18, for a total value of $2,790,504.08.

Allstate Corp (NYSE:ALL) traded down 1.46% on Tuesday, hitting $80.31. 2,486,170 shares of the company were exchanged. The firm has a market cap of $29.32 billion, a price-to-earnings ratio of 17.20 and a beta of 0.96. The stock has a 50 day moving average price of $81.65 and a 200 day moving average price of $74.98. Allstate Corp has a one year low of $64.36 and a one year high of $83.09.

Allstate Corp (NYSE:ALL) last released its quarterly earnings results on Wednesday, February 1st. The insurance provider reported $2.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.54. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $7.74 billion. Allstate Corp had a net margin of 5.14% and a return on equity of 10.21%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.60 earnings per share. On average, equities research analysts forecast that Allstate Corp will post $6.23 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Allstate Corp (NYSE:ALL)

The company also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Tuesday, February 28th were given a $0.37 dividend. The ex-dividend date was Friday, February 24th. This is a positive change from Allstate Corp’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a yield of 1.84%. Allstate Corp’s payout ratio is 28.09%.

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A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut Allstate Corp from an “outperform” rating to a “market perform” rating and set a $81.00 price target on the stock. in a report on Wednesday, March 1st. Zacks Investment Research raised Allstate Corp from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Tuesday, March 14th. FBR & Co lifted their price target on Allstate Corp from $70.00 to $82.00 and gave the company a “mkt perform” rating in a report on Monday, April 3rd. Citigroup Inc lifted their price target on Allstate Corp from $88.00 to $94.00 and gave the company a “buy” rating in a report on Friday, April 7th. Finally, Credit Suisse Group AG set a $86.00 price target on Allstate Corp and gave the company a “hold” rating in a report on Saturday, March 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $83.40.

A number of institutional investors have recently added to or reduced their stakes in the stock. Highstreet Asset Management Inc. raised its position in Allstate Corp by 143.6% in the third quarter. Highstreet Asset Management Inc. now owns 9,074 shares of the insurance provider’s stock worth $628,000 after buying an additional 5,349 shares during the period. Boston Advisors LLC raised its position in Allstate Corp by 6.9% in the third quarter. Boston Advisors LLC now owns 45,248 shares of the insurance provider’s stock worth $3,130,000 after buying an additional 2,903 shares during the period. Quadrant Capital Group LLC raised its position in Allstate Corp by 0.3% in the third quarter. Quadrant Capital Group LLC now owns 4,441 shares of the insurance provider’s stock worth $296,000 after buying an additional 12 shares during the period. HL Financial Services LLC raised its position in Allstate Corp by 5.2% in the third quarter. HL Financial Services LLC now owns 17,457 shares of the insurance provider’s stock worth $1,208,000 after buying an additional 859 shares during the period. Finally, State of Alaska Department of Revenue raised its position in Allstate Corp by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 61,806 shares of the insurance provider’s stock worth $4,275,000 after buying an additional 3,563 shares during the period. Hedge funds and other institutional investors own 76.44% of the company’s stock.

About Allstate Corp

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.

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