Metropolitan Life Insurance Co. NY decreased its position in Allstate Corp (NYSE:ALL) by 11.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,708 shares of the insurance provider’s stock after selling 6,578 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Allstate were worth $4,811,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Boston Partners grew its position in Allstate by 11.2% in the second quarter. Boston Partners now owns 10,511,724 shares of the insurance provider’s stock valued at $959,406,000 after acquiring an additional 1,061,730 shares in the last quarter. Macquarie Group Ltd. grew its position in Allstate by 4.3% in the second quarter. Macquarie Group Ltd. now owns 7,478,697 shares of the insurance provider’s stock valued at $682,581,000 after acquiring an additional 305,110 shares in the last quarter. LSV Asset Management grew its position in Allstate by 3.0% in the second quarter. LSV Asset Management now owns 5,409,081 shares of the insurance provider’s stock valued at $493,686,000 after acquiring an additional 157,623 shares in the last quarter. FMR LLC grew its position in Allstate by 24.7% in the second quarter. FMR LLC now owns 4,096,814 shares of the insurance provider’s stock valued at $373,917,000 after acquiring an additional 811,694 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Allstate by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,599,343 shares of the insurance provider’s stock valued at $246,412,000 after acquiring an additional 29,292 shares in the last quarter. 76.21% of the stock is owned by institutional investors.

In related news, EVP Susan L. Lees sold 22,189 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $99.24, for a total transaction of $2,202,036.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Glenn T. Shapiro sold 21,728 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $98.70, for a total value of $2,144,553.60. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Several brokerages have issued reports on ALL. ValuEngine downgraded shares of Allstate from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st. Zacks Investment Research cut Allstate from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Citigroup reduced their target price on Allstate from $108.00 to $107.00 and set a “buy” rating for the company in a research note on Friday, July 20th. B. Riley increased their target price on Allstate from $84.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, July 16th. Finally, Buckingham Research upgraded Allstate from an “underperform” rating to a “neutral” rating and set a $88.00 target price for the company in a research note on Wednesday, July 18th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Allstate currently has an average rating of “Hold” and an average target price of $103.92.

Allstate stock opened at $99.99 on Friday. The company has a market cap of $33.79 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.24 and a beta of 0.92. 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 Corp has a 52 week low of $88.29 and a 52 week high of $105.36.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, August 1st. The insurance provider reported $1.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.45. The company had revenue of $8.46 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Allstate had a return on equity of 15.21% and a net margin of 9.06%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.38 EPS. analysts forecast that Allstate Corp will post 9.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, August 31st will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.84%. The ex-dividend date is Thursday, August 30th. Allstate’s dividend payout ratio (DPR) is presently 27.42%.

Allstate Company Profile

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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