Mckinley Capital Management LLC Delaware decreased its position in shares of Allstate Corporation (The) (NYSE:ALL) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,239 shares of the insurance provider’s stock after selling 2,613 shares during the period. Mckinley Capital Management LLC Delaware’s holdings in Allstate Corporation (The) were worth $16,562,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in ALL. Parallel Advisors LLC acquired a new position in shares of Allstate Corporation (The) during the fourth quarter worth $113,000. Bronfman E.L. Rothschild L.P. increased its position in shares of Allstate Corporation (The) by 8.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,550 shares of the insurance provider’s stock worth $126,000 after buying an additional 122 shares during the last quarter. Oakworth Capital Inc. increased its position in shares of Allstate Corporation (The) by 505.8% in the first quarter. Oakworth Capital Inc. now owns 1,775 shares of the insurance provider’s stock worth $145,000 after buying an additional 1,482 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in shares of Allstate Corporation (The) during the first quarter worth $160,000. Finally, Ancora Advisors LLC acquired a new position in shares of Allstate Corporation (The) during the fourth quarter worth $191,000. Institutional investors and hedge funds own 76.65% of the company’s stock.

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

Shares of Allstate Corporation (NYSE ALL) opened at 89.41 on Tuesday. Allstate Corporation has a 12-month low of $65.27 and a 12-month high of $90.74. The company has a 50 day moving average of $85.81 and a 200-day moving average of $80.04. The company 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 issued its earnings results on Wednesday, May 3rd. The insurance provider reported $1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.60. Allstate Corporation (The) had a net margin of 6.27% and a return on equity of 11.45%. The company had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $8.36 billion. Equities research analysts anticipate that Allstate Corporation will post $6.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 5th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a 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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ALL has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Keefe, Bruyette & Woods downgraded Allstate Corporation (The) from an “outperform” rating to a “market perform” rating and set a $81.00 target price on the stock. in a research note on Wednesday, March 1st. MKM Partners restated a “buy” rating and issued a $100.00 target price (up previously from $90.00) on shares of Allstate Corporation (The) in a research note on Thursday, May 4th. Citigroup Inc. boosted their target price on Allstate Corporation (The) from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, April 7th. Finally, Macquarie downgraded Allstate Corporation (The) from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $78.00 to $81.00 in a research note 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. The stock currently has an average rating of “Buy” and a consensus target price of $85.82.

In related news, President Matthew E. Winter sold 33,956 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Samuel H. Pilch sold 8,582 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $83.88, for a total transaction of $719,858.16. Following the completion of the sale, the vice president now owns 35,875 shares in the company, valued at approximately $3,009,195. The disclosure for this sale can be found here. Insiders sold 141,351 shares of company stock worth $12,048,584 in the last 90 days. 1.58% of the stock is currently owned by corporate insiders.

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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