Carret Asset Management LLC trimmed its holdings in shares of Allstate Corporation (The) (NYSE:ALL) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,787 shares of the insurance provider’s stock after selling 2,891 shares during the period. Carret Asset Management LLC’s holdings in Allstate were worth $5,679,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ALL. Janus Henderson Group PLC increased its position in Allstate by 4,753.8% during the second quarter. Janus Henderson Group PLC now owns 2,296,651 shares of the insurance provider’s stock worth $203,116,000 after buying an additional 2,249,334 shares in the last quarter. APG Asset Management N.V. increased its position in Allstate by 182.7% during the third quarter. APG Asset Management N.V. now owns 3,368,436 shares of the insurance provider’s stock worth $309,593,000 after buying an additional 2,176,800 shares in the last quarter. Principal Financial Group Inc. increased its position in Allstate by 249.1% during the second quarter. Principal Financial Group Inc. now owns 1,827,612 shares of the insurance provider’s stock worth $161,634,000 after buying an additional 1,304,131 shares in the last quarter. Voya Investment Management LLC increased its position in Allstate by 480.2% during the second quarter. Voya Investment Management LLC now owns 1,496,235 shares of the insurance provider’s stock worth $132,328,000 after buying an additional 1,238,341 shares in the last quarter. Finally, Northern Trust Corp increased its position in Allstate by 18.8% during the second quarter. Northern Trust Corp now owns 7,202,273 shares of the insurance provider’s stock worth $636,969,000 after buying an additional 1,141,782 shares in the last quarter. 76.33% of the stock is owned by institutional investors and hedge funds.

In other news, insider Suren Gupta sold 103,242 shares of Allstate stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $98.68, for a total transaction of $10,187,920.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Thomas J. Wilson sold 195,000 shares of Allstate stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $99.13, for a total value of $19,330,350.00. The disclosure for this sale can be found here. Insiders sold 432,242 shares of company stock worth $42,827,931 over the last three months. 1.58% of the stock is currently owned by corporate insiders.

Several research firms have weighed in on ALL. Citigroup dropped their price target on Allstate from $107.00 to $106.00 and set a “buy” rating for the company in a research report on Monday, October 2nd. BidaskClub downgraded Allstate from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Goldman Sachs Group began coverage on Allstate in a research report on Monday. They set a “neutral” rating and a $104.00 price target for the company. Wells Fargo & Company reissued a “buy” rating on shares of Allstate in a research report on Thursday, August 17th. Finally, B. Riley reissued a “neutral” rating on shares of Allstate in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Allstate has a consensus rating of “Hold” and an average target price of $95.08.

Allstate Corporation (NYSE ALL) opened at $102.65 on Thursday. Allstate Corporation has a fifty-two week low of $70.73 and a fifty-two week high of $104.10. The firm has a market capitalization of $36,901.66, a price-to-earnings ratio of 15.15, a P/E/G ratio of 1.98 and a beta of 1.12. 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 (NYSE:ALL) last released its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $1.60 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.01). Allstate 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 analysts’ expectations of $8.07 billion. During the same period last year, the business earned $1.26 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities analysts forecast that Allstate Corporation will post 6.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.44%. The ex-dividend date is Wednesday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 20.56%.

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About Allstate

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 (NYSE:ALL)

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