Teachers Advisors LLC lifted its position in shares of Allstate Corporation (The) (NYSE:ALL) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,113,348 shares of the insurance provider’s stock after buying an additional 15,346 shares during the period. Teachers Advisors LLC owned approximately 0.31% of Allstate Corporation (The) worth $98,464,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. increased its holdings in shares of Allstate Corporation (The) by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock worth $108,000 after buying an additional 5 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Allstate Corporation (The) by 0.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,082 shares of the insurance provider’s stock worth $273,000 after buying an additional 9 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of Allstate Corporation (The) by 0.3% during the 2nd quarter. Brighton Jones LLC now owns 3,313 shares of the insurance provider’s stock worth $293,000 after buying an additional 10 shares during the last quarter. Intrust Bank NA increased its holdings in shares of Allstate Corporation (The) by 0.3% during the 1st 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. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of Allstate Corporation (The) by 1.3% during the 1st quarter. Flagship Harbor Advisors LLC now owns 2,709 shares of the insurance provider’s stock worth $219,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.dailypolitical.com/2017/09/14/allstate-corporation-the-all-shares-bought-by-teachers-advisors-llc.html.

In other Allstate Corporation (The) news, CFO Steven E. Shebik sold 35,197 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $94.28, for a total transaction of $3,318,373.16. Following the sale, the chief financial officer now directly owns 127,560 shares in the company, valued at $12,026,356.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Matthew E. Winter sold 48,059 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $94.53, for a total transaction of $4,543,017.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 167,408 shares of company stock worth $15,415,505. 1.58% of the stock is owned by insiders.

A number of analysts have recently commented on the company. Barclays PLC dropped their price objective on Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating for the company in a report on Monday, July 3rd. Wells Fargo & Company restated a “buy” rating on shares of Allstate Corporation (The) in a report on Saturday, June 24th. 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 report on Thursday, August 3rd. BidaskClub downgraded Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $88.00 price objective on shares of Allstate Corporation (The) in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $90.38.

Allstate Corporation (NYSE ALL) opened at 90.755 on Thursday. The firm has a market capitalization of $32.80 billion, a price-to-earnings ratio of 13.405 and a beta of 1.09. The firm has a 50-day moving average of $91.80 and a 200-day moving average of $86.45. Allstate Corporation has a 52-week low of $66.55 and a 52-week high of $95.25.

Allstate Corporation (The) (NYSE:ALL) last released its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.48. Allstate Corporation (The) had a net margin of 7.02% and a return on equity of 12.73%. The business had revenue of $8.02 billion for the quarter, compared to analyst estimates of $7.99 billion. During the same period last year, the firm earned $0.62 earnings per share. Allstate Corporation (The)’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Allstate Corporation will post $6.32 EPS for the current fiscal year.

The firm also recently declared 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 yield of 1.63%. The ex-dividend date of this dividend is Tuesday, August 29th. Allstate Corporation (The)’s dividend payout ratio is 21.86%.

Allstate Corporation (The) announced that its Board of Directors has initiated a share repurchase program on Tuesday, August 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the insurance provider to purchase up to 63% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Allstate Corporation (The) 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.

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

Receive News & Ratings for Allstate Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate Corporation (The) and related companies with MarketBeat.com's FREE daily email newsletter.