Glenview Trust Co raised its stake in Allstate Corporation (The) (NYSE:ALL) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,994 shares of the insurance provider’s stock after buying an additional 2,968 shares during the period. Glenview Trust Co’s holdings in Allstate Corporation (The) were worth $8,475,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALL. Henderson Group PLC increased its position in shares of Allstate Corporation (The) by 1.1% in the first quarter. Henderson Group PLC now owns 47,317 shares of the insurance provider’s stock valued at $3,855,000 after buying an additional 500 shares during the period. FCA Corp TX increased its position in shares of Allstate Corporation (The) by 0.7% in the first quarter. FCA Corp TX now owns 25,241 shares of the insurance provider’s stock valued at $2,057,000 after buying an additional 180 shares during the period. Paragon Capital Management Ltd acquired a new position in shares of Allstate Corporation (The) during the first quarter valued at $222,000. IFP Advisors Inc increased its position in shares of Allstate Corporation (The) by 5.8% in the first quarter. IFP Advisors Inc now owns 12,623 shares of the insurance provider’s stock valued at $1,029,000 after buying an additional 695 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in shares of Allstate Corporation (The) by 4.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,471 shares of the insurance provider’s stock valued at $998,000 after buying an additional 630 shares during the period. Hedge funds and other institutional investors own 76.65% of the company’s stock.

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

Allstate Corporation (ALL) opened at 89.41 on Tuesday. Allstate Corporation has a one year low of $65.27 and a one year high of $90.74. The stock has a 50 day moving average price of $85.81 and a 200 day moving average price of $80.04. The firm has a market cap of $32.59 billion, a PE ratio of 15.16 and a beta of 1.09.

Allstate Corporation (The) (NYSE:ALL) last released its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.60. Allstate Corporation (The) had a return on equity of 11.45% and a net margin of 6.27%. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.36 billion. Equities research analysts expect that Allstate Corporation will post $6.11 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 5th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Thursday, June 1st. Allstate Corporation (The)’s dividend payout ratio is currently 25.00%.

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A number of analysts have commented on ALL shares. Zacks Investment Research cut Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Keefe, Bruyette & Woods cut Allstate Corporation (The) from an “outperform” rating to a “market perform” rating and set a $81.00 price target for the company. in a research report on Wednesday, March 1st. MKM Partners reaffirmed a “buy” rating and set a $100.00 price target (up previously from $90.00) on shares of Allstate Corporation (The) in a research report on Thursday, May 4th. Citigroup Inc. lifted their price target on Allstate Corporation (The) from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, April 7th. Finally, Macquarie cut Allstate Corporation (The) from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $78.00 to $81.00 in a research report on Tuesday, April 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Allstate Corporation (The) presently has an average rating of “Buy” and an average target price of $85.82.

In related news, President Matthew E. Winter sold 48,058 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $88.81, for a total transaction of $4,268,030.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Sanjay Gupta sold 16,798 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $86.00, for a total value of $1,444,628.00. Following the transaction, the insider now directly owns 65,798 shares in the company, valued at approximately $5,658,628. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,351 shares of company stock worth $12,048,584. Corporate insiders own 1.58% of the company’s stock.

About Allstate Corporation (The)

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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