Bbva Compass Bancshares Inc. decreased its stake in Allstate Corporation (The) (NYSE:ALL) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,606 shares of the insurance provider’s stock after selling 2,013 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Allstate Corporation (The) were worth $3,061,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position in 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 valued at $2,156,089,000 after buying an additional 25,527,763 shares during the last quarter. Vanguard Group Inc. raised 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 valued at $1,926,258,000 after buying an additional 733,684 shares during the last quarter. State Street Corp raised its position in Allstate Corporation (The) by 3.0% in the first quarter. State Street Corp now owns 18,074,304 shares of the insurance provider’s stock valued at $1,472,962,000 after buying an additional 530,591 shares during the last quarter. Boston Partners raised its position in Allstate Corporation (The) by 3.8% in the first quarter. Boston Partners now owns 9,278,481 shares of the insurance provider’s stock valued at $756,103,000 after buying an additional 341,615 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Allstate Corporation (The) by 6.1% in the first quarter. AQR Capital Management LLC now owns 6,268,589 shares of the insurance provider’s stock valued at $510,828,000 after buying an additional 363,084 shares during the last quarter. 77.04% of the stock is owned by institutional investors.

Shares of Allstate Corporation (NYSE ALL) opened at 94.24 on Tuesday. The stock has a market capitalization of $34.05 billion, a price-to-earnings ratio of 13.92 and a beta of 1.10. Allstate Corporation has a 52 week low of $66.55 and a 52 week high of $94.59. The stock’s 50 day moving average is $89.06 and its 200-day moving average is $83.42.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.48. The firm had revenue of $8.02 billion during the quarter, compared to the consensus estimate of $7.99 billion. Allstate Corporation (The) had a return on equity of 12.73% and a net margin of 7.02%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $0.62 EPS. On average, analysts anticipate that Allstate Corporation will post $6.44 earnings per share for the current fiscal year.

Allstate Corporation (The) declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 1st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the insurance provider to repurchase up to 63% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, August 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Tuesday, August 29th. Allstate Corporation (The)’s payout ratio is 21.86%.

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Several research analysts have commented on ALL shares. Barclays PLC dropped their price objective on shares of Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating for the company in a research note on Monday, July 3rd. BidaskClub lowered shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Wells Fargo & Company reaffirmed a “buy” rating on shares of Allstate Corporation (The) in a research note on Saturday, June 24th. Citigroup Inc. lifted their price objective on shares of Allstate Corporation (The) from $97.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research lowered shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $89.38.

In related news, insider Harriet K. Harty sold 7,228 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $88.35, for a total transaction of $638,593.80. Following the completion of the sale, the insider now directly owns 18,260 shares of the company’s stock, valued at approximately $1,613,271. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the insider now directly owns 65,798 shares of the company’s stock, valued at $5,658,628. The disclosure for this sale can be found here. Insiders have sold a total of 170,677 shares of company stock valued at $14,975,887 over the last three months. 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.

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

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