Municipal Employees Retirement System of Michigan lowered its holdings in Allstate Corporation (The) (NYSE:ALL) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,690 shares of the insurance provider’s stock after selling 2,510 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Allstate Corporation (The) were worth $3,373,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in Allstate Corporation (The) by 4,753.8% during the 2nd quarter. Janus Henderson Group PLC now owns 2,296,651 shares of the insurance provider’s stock valued at $203,116,000 after purchasing an additional 2,249,334 shares in the last quarter. APG Asset Management N.V. grew its holdings in Allstate Corporation (The) by 182.7% during the 3rd quarter. APG Asset Management N.V. now owns 3,368,436 shares of the insurance provider’s stock worth $309,593,000 after acquiring an additional 2,176,800 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Allstate Corporation (The) by 249.1% during the 2nd quarter. Principal Financial Group Inc. now owns 1,827,612 shares of the insurance provider’s stock worth $161,634,000 after acquiring an additional 1,304,131 shares in the last quarter. Voya Investment Management LLC grew its holdings in Allstate Corporation (The) by 480.2% during the 2nd quarter. Voya Investment Management LLC now owns 1,496,235 shares of the insurance provider’s stock worth $132,328,000 after acquiring an additional 1,238,341 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Allstate Corporation (The) by 18.8% during the 2nd quarter. Northern Trust Corp now owns 7,202,273 shares of the insurance provider’s stock worth $636,969,000 after acquiring an additional 1,141,782 shares in the last quarter. 76.42% of the stock is owned by institutional investors.

In other news, President Matthew E. Winter sold 48,059 shares of Allstate Corporation (The) stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $94.53, for a total value of $4,543,017.27. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

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Allstate Corporation (ALL) traded up $0.17 during trading on Monday, hitting $99.12. 1,390,100 shares of the stock traded hands, compared to its average volume of 1,862,981. The stock has a market capitalization of $35,760.00, a P/E ratio of 14.60, a P/E/G ratio of 1.82 and a beta of 1.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26. Allstate Corporation has a 1-year low of $68.92 and a 1-year high of $100.31.

Allstate Corporation (The) (NYSE:ALL) last released its earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.01). The firm had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $8.07 billion. Allstate Corporation (The) had a return on equity of 13.11% and a net margin of 7.32%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $1.26 earnings per share. research analysts predict that Allstate Corporation will post 6.55 earnings per share for the current fiscal year.

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

ALL has been the subject of several recent analyst reports. Wells Fargo & Company reissued a “buy” rating on shares of Allstate Corporation (The) in a report on Thursday, July 20th. Buckingham Research began coverage on shares of Allstate Corporation (The) in a report on Monday, September 11th. They set an “underperform” rating and a $74.00 price objective for the company. Zacks Investment Research downgraded shares of Allstate Corporation (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Deutsche Bank AG downgraded shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating and raised their price target for the stock from $90.00 to $96.00 in a research report on Wednesday, August 2nd. Finally, Barclays PLC raised their price target on shares of Allstate Corporation (The) from $101.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $93.00.

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.

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

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