Allstate Corporation (The) (NYSE:ALL) President Matthew E. Winter sold 48,058 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $88.54, for a total transaction of $4,255,055.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Matthew E. Winter also recently made the following trade(s):

  • On Thursday, June 15th, Matthew E. Winter sold 48,058 shares of Allstate Corporation (The) stock. The shares were sold at an average price of $88.81, for a total transaction of $4,268,030.98.
  • On Monday, May 15th, Matthew E. Winter sold 33,957 shares of Allstate Corporation (The) stock. The shares were sold at an average price of $84.38, for a total transaction of $2,865,291.66.

Allstate Corporation (NYSE:ALL) traded up 0.44% during midday trading on Tuesday, hitting $88.88. 2,191,125 shares of the stock traded hands. The company has a 50-day moving average price of $86.83 and a 200-day moving average price of $80.91. Allstate Corporation has a 1-year low of $66.55 and a 1-year high of $90.74. The firm has a market cap of $32.40 billion, a P/E ratio of 15.07 and a beta of 1.10.

Allstate Corporation (The) (NYSE:ALL) last posted its earnings results on Wednesday, May 3rd. The insurance provider reported $1.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.60. Allstate Corporation (The) had a net margin of 6.27% and a return on equity of 11.45%. The firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $8.36 billion. Analysts predict that Allstate Corporation will post $6.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Thursday, August 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, August 29th. Allstate Corporation (The)’s payout ratio is 25.00%.

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Several hedge funds have recently modified their holdings of the company. F&V Capital Management LLC boosted its stake in shares of Allstate Corporation (The) by 2.1% in the first quarter. F&V Capital Management LLC now owns 84,470 shares of the insurance provider’s stock worth $6,883,000 after buying an additional 1,705 shares during the last quarter. Private Asset Management Inc. boosted its stake in shares of Allstate Corporation (The) by 14.3% in the first quarter. Private Asset Management Inc. now owns 48,160 shares of the insurance provider’s stock worth $3,925,000 after buying an additional 6,013 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of Allstate Corporation (The) during the fourth quarter worth $405,000. Searle & CO. purchased a new stake in shares of Allstate Corporation (The) during the fourth quarter worth $411,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Allstate Corporation (The) during the fourth quarter worth $884,000. Institutional investors and hedge funds own 76.24% of the company’s stock.

Several analysts have recently commented on the stock. Macquarie lowered shares of Allstate Corporation (The) from an “outperform” rating to a “neutral” rating and increased their price target for the company from $78.00 to $81.00 in a research report on Tuesday, April 18th. They noted that the move was a valuation call. Morgan Stanley reiterated an “equal weight” rating and issued a $91.00 price target (up from $85.00) on shares of Allstate Corporation (The) in a research report on Thursday, July 6th. MKM Partners reiterated a “buy” rating and issued a $100.00 price target (up from $90.00) on shares of Allstate Corporation (The) in a research report on Thursday, May 4th. FBR & Co increased their price target on shares of Allstate Corporation (The) from $70.00 to $82.00 and gave the company a “mkt perform” rating in a research report on Monday, April 3rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $88.00 price target on shares of Allstate Corporation (The) in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. Allstate Corporation (The) presently has an average rating of “Buy” and an average price target of $87.67.

Allstate Corporation (The) Company Profile

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.

Insider Buying and Selling by Quarter for Allstate Corporation (The) (NYSE:ALL)

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