Sei Investments Co. increased its stake in Allstate Corporation (The) (NYSE:ALL) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 274,870 shares of the insurance provider’s stock after purchasing an additional 1,728 shares during the quarter. Sei Investments Co. owned approximately 0.08% of Allstate Corporation (The) worth $23,640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. FDx Advisors Inc. lifted its holdings in shares of Allstate Corporation (The) by 11.1% during the third quarter. FDx Advisors Inc. now owns 13,841 shares of the insurance provider’s stock worth $1,272,000 after buying an additional 1,379 shares during the last quarter. Global X MANAGEMENT CO LLC lifted its holdings in shares of Allstate Corporation (The) by 5.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 10,127 shares of the insurance provider’s stock worth $931,000 after buying an additional 550 shares during the last quarter. Jennison Associates LLC acquired a new position in shares of Allstate Corporation (The) during the third quarter worth approximately $1,954,000. Candriam Luxembourg S.C.A. lifted its holdings in shares of Allstate Corporation (The) by 17.7% during the third quarter. Candriam Luxembourg S.C.A. now owns 324,784 shares of the insurance provider’s stock worth $29,851,000 after buying an additional 48,910 shares during the last quarter. Finally, Breton Hill Capital Ltd. lifted its holdings in shares of Allstate Corporation (The) by 56.9% during the third quarter. Breton Hill Capital Ltd. now owns 19,097 shares of the insurance provider’s stock worth $1,755,000 after buying an additional 6,927 shares during the last quarter. Hedge funds and other institutional investors own 76.42% of the company’s stock.

Shares of Allstate Corporation (ALL) traded up $0.17 during trading hours on Monday, reaching $99.12. The company’s stock had a trading volume of 1,390,100 shares, compared to its average volume of 1,862,981. Allstate Corporation has a 52-week low of $68.92 and a 52-week high of $100.31. The company has a market capitalization of $35,566.83, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.31.

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

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

In other Allstate Corporation (The) news, President Matthew E. Winter sold 48,059 shares of the company’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 legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

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A number of research analysts have recently commented on ALL shares. Citigroup Inc. cut their price target on Allstate Corporation (The) from $107.00 to $106.00 and set a “buy” rating for the company in a report on Monday, October 2nd. BidaskClub lowered Allstate Corporation (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research lowered Allstate Corporation (The) from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Deutsche Bank AG cut Allstate Corporation (The) from a “buy” rating to a “hold” rating and boosted their price objective for the company from $90.00 to $96.00 in a research report on Tuesday, August 8th. Finally, B. Riley restated a “neutral” rating on shares of Allstate Corporation (The) in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Allstate Corporation (The) currently has an average rating of “Hold” and a consensus target price of $93.00.

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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