OppenheimerFunds Inc. lessened its holdings in shares of Allstate Corp (NYSE:ALL) by 50.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 256,792 shares of the insurance provider’s stock after selling 265,253 shares during the quarter. OppenheimerFunds Inc. owned about 0.07% of Allstate worth $23,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Allstate by 324.2% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 217,860 shares of the insurance provider’s stock valued at $19,884,000 after buying an additional 166,500 shares in the last quarter. BlueMountain Capital Management LLC raised its holdings in shares of Allstate by 20.8% during the 2nd quarter. BlueMountain Capital Management LLC now owns 104,286 shares of the insurance provider’s stock valued at $9,518,000 after buying an additional 17,949 shares in the last quarter. Burney Co. raised its holdings in shares of Allstate by 22.3% during the 2nd quarter. Burney Co. now owns 58,709 shares of the insurance provider’s stock valued at $5,358,000 after buying an additional 10,711 shares in the last quarter. Captrust Financial Advisors increased its stake in Allstate by 50.0% in the 2nd quarter. Captrust Financial Advisors now owns 2,480 shares of the insurance provider’s stock worth $227,000 after purchasing an additional 827 shares during the period. Finally, Korea Investment CORP increased its stake in Allstate by 0.9% in the 2nd quarter. Korea Investment CORP now owns 327,907 shares of the insurance provider’s stock worth $29,928,000 after purchasing an additional 2,900 shares during the period. Hedge funds and other institutional investors own 76.21% of the company’s stock.

A number of equities analysts have commented on the company. Zacks Investment Research cut Allstate from a “strong-buy” rating to a “hold” rating in a research note on Thursday. ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Credit Suisse Group decreased their price target on Allstate from $114.00 to $112.00 and set a “buy” rating on the stock in a research note on Tuesday, August 28th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Allstate in a research note on Thursday, August 16th. Finally, B. Riley lifted their price target on Allstate from $88.00 to $103.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 7th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Allstate has an average rating of “Hold” and a consensus price target of $103.92.

In other news, insider Glenn T. Shapiro sold 21,728 shares of Allstate stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Susan L. Lees sold 22,189 shares of Allstate stock in a transaction that occurred 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 currently owned by company insiders.

Shares of ALL stock opened at $99.99 on Friday. The company has a market capitalization 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. Allstate Corp has a fifty-two week low of $88.29 and a fifty-two week high of $105.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.45. The firm had revenue of $8.46 billion for 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%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $1.38 EPS. research analysts forecast that Allstate Corp will post 9.42 earnings per share for the current year.

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

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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