SG Americas Securities LLC boosted its position in Allstate Corporation (The) (NYSE:ALL) by 236.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,097 shares of the insurance provider’s stock after buying an additional 162,809 shares during the period. SG Americas Securities LLC’s holdings in Allstate Corporation (The) were worth $7,668,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Intrust Bank NA increased its stake in Allstate Corporation (The) by 0.3% in the first quarter. Intrust Bank NA now owns 7,540 shares of the insurance provider’s stock worth $615,000 after buying an additional 23 shares during the last quarter. CAPROCK Group Inc. increased its stake in Allstate Corporation (The) by 0.6% in the first quarter. CAPROCK Group Inc. now owns 4,567 shares of the insurance provider’s stock worth $372,000 after buying an additional 28 shares during the last quarter. Buckingham Asset Management LLC increased its stake in Allstate Corporation (The) by 1.2% in the first quarter. Buckingham Asset Management LLC now owns 3,897 shares of the insurance provider’s stock worth $318,000 after buying an additional 45 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Allstate Corporation (The) by 1.3% in the first quarter. Quadrant Capital Group LLC now owns 4,431 shares of the insurance provider’s stock worth $350,000 after buying an additional 55 shares during the last quarter. Finally, CHICAGO TRUST Co NA increased its stake in Allstate Corporation (The) by 1.5% in the first quarter. CHICAGO TRUST Co NA now owns 4,788 shares of the insurance provider’s stock worth $390,000 after buying an additional 73 shares during the last quarter. Institutional investors 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. The company has a 50-day moving average price of $85.81 and a 200 day moving average price of $80.04. Allstate Corporation has a 52 week low of $65.27 and a 52 week high of $90.74. The stock has a market capitalization of $32.59 billion, a PE ratio of 15.16 and a beta of 1.09.

Allstate Corporation (The) (NYSE:ALL) last announced its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $1.64 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.36 billion. Equities analysts forecast that Allstate Corporation will post $6.11 EPS for the current fiscal year.

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

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A number of research firms recently weighed in on ALL. FBR & Co boosted their target price on Allstate Corporation (The) from $70.00 to $82.00 and gave the stock a “mkt perform” rating in a research report on Monday, April 3rd. Credit Suisse Group set a $86.00 target price on Allstate Corporation (The) and gave the stock a “hold” rating in a research report on Saturday, March 25th. Wells Fargo & Co restated a “buy” rating on shares of Allstate Corporation (The) in a research report on Wednesday, May 3rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $88.00 target price on shares of Allstate Corporation (The) in a research report on Friday. 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 report on Tuesday, April 18th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. Allstate Corporation (The) has an average rating of “Buy” and a consensus price target of $85.82.

In other news, insider Sanjay Gupta sold 16,798 shares of Allstate Corporation (The) stock in a transaction on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Matthew E. Winter sold 33,956 shares of Allstate Corporation (The) stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 141,351 shares of company stock worth $12,048,584 over the last quarter. Company insiders own 1.58% of the company’s stock.

Allstate Corporation (The) Company Profile

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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