Allstate Corporation (The) (ALL) Shares Sold by Tredje AP fonden
Tredje AP fonden lessened its position in shares of Allstate Corporation (The) (NYSE:ALL) by 6.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,400 shares of the insurance provider’s stock after selling 8,810 shares during the period. Tredje AP fonden’s holdings in Allstate were worth $12,312,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Janus Henderson Group PLC boosted its stake in shares of Allstate by 4,753.8% in the second quarter. Janus Henderson Group PLC now owns 2,296,651 shares of the insurance provider’s stock valued at $203,116,000 after buying an additional 2,249,334 shares during the period. APG Asset Management N.V. boosted its stake in shares of Allstate by 182.7% in the third quarter. APG Asset Management N.V. now owns 3,368,436 shares of the insurance provider’s stock valued at $309,593,000 after buying an additional 2,176,800 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Allstate by 249.1% in the second quarter. Principal Financial Group Inc. now owns 1,827,612 shares of the insurance provider’s stock valued at $161,634,000 after buying an additional 1,304,131 shares during the period. Voya Investment Management LLC boosted its stake in shares of Allstate by 480.2% in the second quarter. Voya Investment Management LLC now owns 1,496,235 shares of the insurance provider’s stock valued at $132,328,000 after buying an additional 1,238,341 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Allstate by 18.8% in the second quarter. Northern Trust Corp now owns 7,202,273 shares of the insurance provider’s stock valued at $636,969,000 after buying an additional 1,141,782 shares during the period. Institutional investors own 76.34% of the company’s stock.
Shares of Allstate Corporation (NYSE ALL) traded up $0.70 during trading on Friday, hitting $102.66. 3,340,800 shares of the company traded hands, compared to its average volume of 1,867,630. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31. Allstate Corporation has a one year low of $69.04 and a one year high of $103.51. The company has a market capitalization of $36,201.95, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.94 and a beta of 1.09.
Allstate (NYSE:ALL) last issued 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 had a return on equity of 13.11% and a net margin of 7.32%. The business had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the prior year, the firm earned $1.26 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities research analysts anticipate that Allstate Corporation will post 6.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th will be paid a $0.37 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.48 annualized dividend and a dividend yield of 1.44%. Allstate’s dividend payout ratio is 20.56%.
ALL has been the subject of several research analyst reports. UBS restated a “neutral” rating and set a $94.00 price objective (up from $86.00) on shares of Allstate in a research report on Thursday, August 3rd. Deutsche Bank downgraded shares of Allstate 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. Barclays boosted their price objective on shares of Allstate from $101.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. BidaskClub downgraded shares of Allstate from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Allstate in a research report on Thursday, August 17th. One equities research 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. Allstate has an average rating of “Hold” and an average price target of $93.38.
In related news, EVP Susan L. Lees sold 4,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $100.49, for a total value of $401,960.00. Following the sale, the executive vice president now owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Suren Gupta sold 103,242 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. In the last three months, insiders sold 432,242 shares of company stock worth $42,827,931. 1.50% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades 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.