DF Dent & Co. Inc. decreased its holdings in shares of Allstate Corp (NYSE:ALL) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 40,677 shares of the insurance provider’s stock after selling 868 shares during the period. DF Dent & Co. Inc.’s holdings in Allstate were worth $3,713,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ALL. Private Capital Group LLC grew its stake in shares of Allstate by 195.5% during the first quarter. Private Capital Group LLC now owns 1,182 shares of the insurance provider’s stock valued at $112,000 after buying an additional 782 shares during the last quarter. Clearwater Capital Advisors LLC bought a new position in shares of Allstate during the first quarter valued at approximately $122,000. Kiley Juergens Wealth Management LLC bought a new position in shares of Allstate during the second quarter valued at approximately $124,000. Summit Trail Advisors LLC grew its stake in shares of Allstate by 11,436.6% during the first quarter. Summit Trail Advisors LLC now owns 147,438 shares of the insurance provider’s stock valued at $147,000 after buying an additional 146,160 shares during the last quarter. Finally, Archford Capital Strategies LLC bought a new position in Allstate in the first quarter worth approximately $158,000. 76.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:ALL opened at $99.99 on Friday. Allstate Corp has a 52-week low of $88.29 and a 52-week high of $105.36. The company has a market capitalization of $33.79 billion, a P/E ratio of 14.90, a PEG ratio of 1.24 and a beta of 0.92. 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 (NYSE:ALL) last posted its earnings results on Wednesday, August 1st. The insurance provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.45. The company had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.53 billion. Allstate had a return on equity of 15.21% and a net margin of 9.06%. Allstate’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 earnings per share. equities research analysts predict that Allstate Corp will post 9.42 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, August 31st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.84%. Allstate’s dividend payout ratio is currently 27.42%.

Several research analysts recently issued reports on the company. Credit Suisse Group dropped their price objective on Allstate from $114.00 to $112.00 and set a “buy” rating on the stock in a research note on Tuesday, August 28th. ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research note on Monday, August 27th. Wells Fargo & Co reissued a “hold” rating on shares of Allstate in a research note on Thursday, August 16th. Finally, B. Riley increased their price objective on Allstate from $88.00 to $103.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Allstate currently has a consensus rating of “Hold” and a consensus price target of $103.92.

In other Allstate news, insider Glenn T. Shapiro sold 21,728 shares of the company’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $98.70, for a total transaction of $2,144,553.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Susan L. Lees sold 22,189 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $99.24, for a total value of $2,202,036.36. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

About Allstate

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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