Allstate Corporation (The) (NYSE:ALL)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $100.50 and last traded at $99.94, with a volume of 2148300 shares trading hands. The stock had previously closed at $99.44.

ALL has been the topic of several recent analyst reports. Barclays PLC raised their price objective on Allstate Corporation (The) from $101.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Allstate Corporation (The) from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Citigroup Inc. dropped their price objective on Allstate Corporation (The) from $107.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, October 2nd. UBS AG raised their price objective on Allstate Corporation (The) from $93.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Finally, Deutsche Bank AG lowered Allstate Corporation (The) from a “buy” rating to a “hold” rating and raised their target price for the company from $90.00 to $96.00 in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Allstate Corporation (The) has a consensus rating of “Hold” and a consensus price target of $93.00.

The firm has a market cap of $35,681.66, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26.

Allstate Corporation (The) (NYSE:ALL) last announced its quarterly earnings data 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). Allstate Corporation (The) had a return on equity of 13.11% and a net margin of 7.32%. The firm had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $8.07 billion. During the same period last year, the business posted $1.26 EPS. The company’s revenue was up 3.2% compared to the same quarter last year. equities analysts predict that Allstate Corporation will post 6.55 EPS for the current year.

Allstate Corporation (The) announced that its Board of Directors has authorized a stock repurchase 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 shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

In related news, insider Suren Gupta sold 103,242 shares of Allstate Corporation (The) stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $98.68, for a total value of $10,187,920.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas J. Wilson sold 130,000 shares of Allstate Corporation (The) stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $99.29, for a total value of $12,907,700.00. The disclosure for this sale can be found here. In the last three months, insiders sold 428,242 shares of company stock valued at $42,425,971. 1.50% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Piedmont Investment Advisors LLC boosted its stake in Allstate Corporation (The) by 1.2% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 104,197 shares of the insurance provider’s stock worth $9,577,000 after purchasing an additional 1,197 shares during the period. California Public Employees Retirement System boosted its stake in Allstate Corporation (The) by 4.7% in the 3rd quarter. California Public Employees Retirement System now owns 1,073,908 shares of the insurance provider’s stock worth $98,703,000 after purchasing an additional 47,810 shares during the period. Janney Montgomery Scott LLC boosted its stake in Allstate Corporation (The) by 14.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 30,479 shares of the insurance provider’s stock worth $2,801,000 after purchasing an additional 3,821 shares during the period. Point72 Asset Management L.P. boosted its stake in Allstate Corporation (The) by 119.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 396,420 shares of the insurance provider’s stock worth $36,435,000 after purchasing an additional 215,901 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in Allstate Corporation (The) in the 3rd quarter worth about $4,040,000. Institutional investors and hedge funds own 76.42% of the company’s stock.

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About Allstate Corporation (The)

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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