Nomura Holdings Inc. lowered its position in Allstate Corporation (The) (NYSE:ALL) by 61.1% during the first quarter, Holdings Channel reports. The fund owned 28,887 shares of the insurance provider’s stock after selling 45,381 shares during the period. Nomura Holdings Inc.’s holdings in Allstate Corporation (The) were worth $2,354,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Allstate Corporation (The) by 2,743.3% in the first quarter. BlackRock Inc. now owns 26,458,327 shares of the insurance provider’s stock worth $2,156,089,000 after buying an additional 25,527,763 shares during the last quarter. Victory Capital Management Inc. boosted its position in Allstate Corporation (The) by 246.3% in the first quarter. Victory Capital Management Inc. now owns 2,080,446 shares of the insurance provider’s stock worth $169,536,000 after buying an additional 1,479,694 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Allstate Corporation (The) by 46.6% in the first quarter. Ameriprise Financial Inc. now owns 3,961,953 shares of the insurance provider’s stock worth $322,883,000 after buying an additional 1,258,952 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Allstate Corporation (The) by 20.0% in the first quarter. Bank of New York Mellon Corp now owns 4,756,094 shares of the insurance provider’s stock worth $387,575,000 after buying an additional 792,583 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Allstate Corporation (The) by 3.2% in the first quarter. Vanguard Group Inc. now owns 23,637,965 shares of the insurance provider’s stock worth $1,926,258,000 after buying an additional 733,684 shares in the last quarter. Institutional investors and hedge funds own 76.24% of the company’s stock.

Allstate Corporation (NYSE ALL) opened at 89.05 on Monday. The firm has a 50 day moving average price of $86.83 and a 200-day moving average price of $80.91. Allstate Corporation has a 12 month low of $66.55 and a 12 month high of $90.74. The firm has a market capitalization of $32.46 billion, a price-to-earnings ratio of 15.10 and a beta of 1.10.

Allstate Corporation (The) (NYSE:ALL) last announced its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $1.64 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $8.36 billion. On average, equities analysts forecast that Allstate Corporation will post $6.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Tuesday, August 29th. Allstate Corporation (The)’s payout ratio is presently 25.00%.

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A number of equities analysts have weighed in on the company. Wells Fargo & Company restated a “buy” rating on shares of Allstate Corporation (The) in a report on Saturday, June 24th. BidaskClub cut Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Citigroup Inc. upped their price target on Allstate Corporation (The) from $97.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley restated an “equal weight” rating and issued a $91.00 price target (up previously from $85.00) on shares of Allstate Corporation (The) in a report on Thursday, July 6th. Finally, FBR & Co upped their price target on Allstate Corporation (The) from $70.00 to $82.00 and gave the stock a “mkt perform” rating in a report on Monday, April 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Allstate Corporation (The) has an average rating of “Buy” and an average price target of $87.67.

In other news, insider Harriet K. Harty sold 7,228 shares of Allstate Corporation (The) stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $88.35, for a total transaction of $638,593.80. Following the sale, the insider now owns 18,260 shares of the company’s stock, valued at approximately $1,613,271. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Samuel H. Pilch sold 8,582 shares of Allstate Corporation (The) stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $83.88, for a total value of $719,858.16. Following the sale, the vice president now directly owns 35,875 shares in the company, valued at approximately $3,009,195. The disclosure for this sale can be found here. Insiders have sold a total of 131,201 shares of company stock worth $11,440,690 in the last three months. 1.58% of the stock is owned by 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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Institutional Ownership by Quarter for Allstate Corporation (The) (NYSE:ALL)

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