Allstate Corporation (The) (NYSE:ALL) EVP Susan L. Lees sold 12,288 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $94.09, for a total transaction of $1,156,177.92. Following the transaction, the executive vice president now owns 73,511 shares of the company’s stock, valued at $6,916,649.99. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Allstate Corporation (NYSE ALL) opened at 94.21 on Wednesday. The company has a market capitalization of $34.04 billion, a PE ratio of 13.92 and a beta of 1.10. The firm has a 50-day moving average of $89.51 and a 200 day moving average of $83.65. Allstate Corporation has a 12-month low of $66.55 and a 12-month high of $94.49.

Allstate Corporation (The) (NYSE:ALL) last released its earnings results on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.48. The firm had revenue of $8.02 billion for the quarter, compared to analysts’ expectations of $7.99 billion. Allstate Corporation (The) had a net margin of 7.02% and a return on equity of 12.73%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. Analysts forecast that Allstate Corporation will post $6.46 EPS for the current fiscal year.

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

Allstate Corporation (The) declared that its board has authorized a share buyback plan on Tuesday, August 1st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase up to 63% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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A number of equities analysts have recently commented on the stock. Deutsche Bank AG downgraded shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating and increased their price objective for the stock from $90.00 to $96.00 in a research note on Tuesday. UBS AG restated a “neutral” rating and set a $94.00 price objective (up from $86.00) on shares of Allstate Corporation (The) in a research note on Thursday, August 3rd. Wells Fargo & Company reaffirmed a “buy” rating on shares of Allstate Corporation (The) in a report on Tuesday, August 1st. BidaskClub cut shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Citigroup Inc. upped their target price on shares of Allstate Corporation (The) from $97.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $89.38.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. boosted its position in Allstate Corporation (The) by 19.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,850 shares of the insurance provider’s stock worth $164,000 after buying an additional 300 shares during the last quarter. Commerce Bank boosted its position in Allstate Corporation (The) by 9.4% in the second quarter. Commerce Bank now owns 42,913 shares of the insurance provider’s stock worth $3,795,000 after buying an additional 3,704 shares during the last quarter. Principal Financial Group Inc. boosted its position in Allstate Corporation (The) by 249.1% in the second quarter. Principal Financial Group Inc. now owns 1,827,612 shares of the insurance provider’s stock worth $161,634,000 after buying an additional 1,304,131 shares during the last quarter. Ray Gerald L & Associates Ltd. boosted its position in Allstate Corporation (The) by 0.4% in the second quarter. Ray Gerald L & Associates Ltd. now owns 11,947 shares of the insurance provider’s stock worth $1,057,000 after buying an additional 51 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in Allstate Corporation (The) during the second quarter worth $1,671,000. Hedge funds and other institutional investors own 77.04% 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.

Insider Buying and Selling by Quarter for Allstate Corporation (The) (NYSE:ALL)

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