Allstate Corporation (The) (NYSE:ALL) EVP Susan L. Lees sold 12,288 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $94.09, for a total value of $1,156,177.92. Following the transaction, the executive vice president now owns 73,511 shares in the company, valued at $6,916,649.99. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Allstate Corporation (NYSE:ALL) traded down 0.16% during mid-day trading on Tuesday, hitting $94.09. The stock had a trading volume of 648,634 shares. The company has a 50 day moving average price of $89.06 and a 200-day moving average price of $83.42. The company has a market cap of $34.00 billion, a price-to-earnings ratio of 13.90 and a beta of 1.10. Allstate Corporation has a one year low of $66.55 and a one year high of $94.33.

Allstate Corporation (The) (NYSE:ALL) last released its earnings results on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.48. The company had revenue of $8.02 billion during the quarter, compared to the consensus estimate of $7.99 billion. Allstate Corporation (The) had a net margin of 7.02% and a return on equity of 12.73%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 EPS. Equities analysts expect that Allstate Corporation will post $6.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Thursday, August 31st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Tuesday, August 29th. Allstate Corporation (The)’s payout ratio is currently 21.86%.

Allstate Corporation (The) announced that its board has authorized a stock buyback program on Tuesday, August 1st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the insurance provider to reacquire up to 63% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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Several large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Allstate Corporation (The) during the fourth quarter valued at $19,212,000. Highbridge Capital Management LLC acquired a new position in Allstate Corporation (The) during the fourth quarter valued at approximately $405,000. Creative Planning raised its position in Allstate Corporation (The) by 9.2% in the first quarter. Creative Planning now owns 29,037 shares of the insurance provider’s stock valued at $2,366,000 after buying an additional 2,444 shares during the period. Gulf International Bank UK Ltd raised its position in Allstate Corporation (The) by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 116,980 shares of the insurance provider’s stock valued at $9,532,000 after buying an additional 1,300 shares during the period. Finally, Quadrant Capital Group LLC raised its position in Allstate Corporation (The) by 1.3% in the first quarter. Quadrant Capital Group LLC now owns 4,431 shares of the insurance provider’s stock valued at $350,000 after buying an additional 55 shares during the period. 77.04% of the stock is owned by institutional investors.

A number of research analysts recently commented on ALL shares. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a report on Saturday, June 24th. MKM Partners reiterated a “buy” rating and issued a $100.00 price objective (up from $90.00) on shares of Allstate Corporation (The) in a report on Thursday, May 4th. Citigroup Inc. upped their price objective on Allstate Corporation (The) from $97.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, July 13th. BidaskClub cut Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $91.00 price objective (up from $85.00) on shares of Allstate Corporation (The) in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $89.38.

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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