Geneva Partners LLC bought a new position in shares of Allstate Corporation (The) (NYSE:ALL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,800 shares of the insurance provider’s stock, valued at approximately $533,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ALL. Arrow Financial Corp increased its stake in shares of Allstate Corporation (The) by 100.0% in the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock valued at $102,000 after buying an additional 553 shares during the period. Sandy Spring Bank increased its stake in shares of Allstate Corporation (The) by 2.5% in the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock valued at $103,000 after buying an additional 28 shares during the period. Jackson Grant Investment Advisers Inc. increased its stake in shares of Allstate Corporation (The) by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock valued at $108,000 after buying an additional 5 shares during the period. Financial Engines Advisors L.L.C. acquired a new position in shares of Allstate Corporation (The) in the third quarter valued at approximately $116,000. Finally, IHT Wealth Management LLC increased its stake in shares of Allstate Corporation (The) by 46.6% in the second quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock valued at $113,000 after buying an additional 405 shares during the period. 76.30% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the company. Wells Fargo & Company set a $110.00 price objective on Allstate Corporation (The) and gave the company a “buy” rating in a research note on Thursday. UBS AG upped 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. B. Riley reaffirmed a “neutral” rating on shares of Allstate Corporation (The) in a research note on Monday, November 6th. Zacks Investment Research raised Allstate Corporation (The) from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, BidaskClub downgraded Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $93.38.

Allstate Corporation (ALL) traded up $0.60 during trading on Monday, hitting $100.17. The company’s stock had a trading volume of 2,879,900 shares, compared to its average volume of 1,873,081. The company has a market cap of $35,940.00, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.88 and a beta of 1.09. Allstate Corporation has a 52-week low of $69.04 and a 52-week high of $101.12. 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 posted its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The business had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.07 billion. Allstate Corporation (The) had a return on equity of 13.11% and a net margin of 7.32%. Allstate Corporation (The)’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 earnings per share. sell-side analysts expect that Allstate Corporation will post 6.4 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Wednesday, November 29th. Allstate Corporation (The)’s payout ratio is 20.56%.

In other Allstate Corporation (The) news, insider Suren Gupta sold 103,242 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $98.68, for a total transaction of $10,187,920.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas J. Wilson sold 130,000 shares of the stock in a transaction that occurred on 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. Insiders have sold a total of 428,242 shares of company stock worth $42,425,971 over the last 90 days. Company insiders own 1.50% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/11/20/geneva-partners-llc-invests-533000-in-allstate-corporation-the-all-stock.html.

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)

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.