TIAA CREF Investment Management LLC decreased its stake in shares of Allstate Corporation (The) (NYSE:ALL) by 17.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,267,632 shares of the insurance provider’s stock after selling 264,204 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.35% of Allstate Corporation (The) worth $112,109,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ALL. Acadian Asset Management LLC raised its stake in Allstate Corporation (The) by 32.3% during the first quarter. Acadian Asset Management LLC now owns 3,032 shares of the insurance provider’s stock valued at $247,000 after buying an additional 741 shares during the last quarter. Copeland Capital Management LLC raised its stake in Allstate Corporation (The) by 19.1% during the first quarter. Copeland Capital Management LLC now owns 99,051 shares of the insurance provider’s stock valued at $8,108,000 after buying an additional 15,873 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Allstate Corporation (The) by 50.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 549,217 shares of the insurance provider’s stock valued at $44,903,000 after buying an additional 184,561 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Allstate Corporation (The) by 59.4% during the first quarter. Daiwa Securities Group Inc. now owns 15,300 shares of the insurance provider’s stock valued at $1,247,000 after buying an additional 5,700 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in Allstate Corporation (The) by 6.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 7,932 shares of the insurance provider’s stock valued at $646,000 after buying an additional 461 shares during the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.

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In related news, President Matthew E. Winter sold 48,059 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $94.53, for a total value of $4,543,017.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Harriet K. Harty sold 7,228 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $88.35, for a total value of $638,593.80. Following the completion of the transaction, the insider now owns 18,260 shares of the company’s stock, valued at approximately $1,613,271. The disclosure for this sale can be found here. Insiders sold a total of 150,830 shares of company stock valued at $13,911,217 in the last 90 days. 1.58% of the stock is currently owned by company insiders.

Shares of Allstate Corporation (ALL) opened at 90.51 on Friday. The company has a market cap of $32.71 billion, a price-to-earnings ratio of 13.37 and a beta of 1.09. The company has a 50 day moving average price of $91.85 and a 200 day moving average price of $86.51. Allstate Corporation has a one year low of $66.55 and a one year high of $95.25.

Allstate Corporation (The) (NYSE:ALL) last issued its earnings results on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.48. The company had revenue of $8.02 billion during the quarter, compared to analyst estimates of $7.99 billion. Allstate Corporation (The) had a return on equity of 12.73% and a net margin of 7.02%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. Equities analysts predict that Allstate Corporation will post $6.33 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, August 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.48 dividend on an annualized basis and a yield of 1.64%. Allstate Corporation (The)’s dividend payout ratio (DPR) is 21.86%.

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

A number of research analysts have issued reports on the company. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a research note on Saturday, June 24th. BidaskClub cut Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Deutsche Bank AG cut Allstate Corporation (The) from a “buy” rating to a “hold” rating and lifted their price objective for the company from $90.00 to $96.00 in a research note on Tuesday, August 8th. Buckingham Research began coverage on Allstate Corporation (The) in a research note on Monday. They set an “underperform” rating and a $74.00 price objective for the company. Finally, UBS AG restated a “neutral” rating and issued a $94.00 price target (up previously from $86.00) on shares of Allstate Corporation (The) in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Allstate Corporation (The) presently has a consensus rating of “Hold” and an average price target of $90.38.

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.

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

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