Dupont Capital Management Corp cut its stake in shares of Allstate Corp (NYSE:ALL) by 6.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,586 shares of the insurance provider’s stock after selling 3,847 shares during the quarter. Dupont Capital Management Corp’s holdings in Allstate were worth $5,980,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. NN Investment Partners Holdings N.V. grew its holdings in Allstate by 10.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 47,182 shares of the insurance provider’s stock worth $4,306,000 after purchasing an additional 4,405 shares during the last quarter. Legacy Private Trust Co. grew its holdings in Allstate by 23.1% in the second quarter. Legacy Private Trust Co. now owns 60,905 shares of the insurance provider’s stock worth $5,559,000 after purchasing an additional 11,410 shares during the last quarter. Reliance Trust Co. of Delaware grew its holdings in Allstate by 8.6% in the second quarter. Reliance Trust Co. of Delaware now owns 7,277 shares of the insurance provider’s stock worth $664,000 after purchasing an additional 575 shares during the last quarter. Hills Bank & Trust Co. grew its holdings in Allstate by 4.4% in the second quarter. Hills Bank & Trust Co. now owns 16,545 shares of the insurance provider’s stock worth $1,510,000 after purchasing an additional 690 shares during the last quarter. Finally, Segment Wealth Management LLC grew its holdings in Allstate by 2.6% in the second quarter. Segment Wealth Management LLC now owns 34,935 shares of the insurance provider’s stock worth $3,189,000 after purchasing an additional 889 shares during the last quarter. 76.37% of the stock is owned by institutional investors.
ALL has been the topic of several analyst reports. Citigroup set a $115.00 price target on shares of Allstate and gave the stock a “buy” rating in a report on Friday, October 12th. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a report on Tuesday, September 18th. Credit Suisse Group cut their price target on shares of Allstate from $114.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, August 28th. Bank of America cut their price target on shares of Allstate from $113.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Allstate in a report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $103.92.
Shares of ALL opened at $93.72 on Friday. The firm has a market cap of $31.87 billion, a PE ratio of 10.42, a P/E/G ratio of 1.20 and a beta of 0.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.26 and a current ratio of 0.26. Allstate Corp has a 1-year low of $88.29 and a 1-year high of $105.36.
Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $1.93 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.28). The company had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.51 billion. Allstate had a net margin of 9.38% and a return on equity of 15.48%. Allstate’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $1.60 earnings per share. Sell-side analysts anticipate that Allstate Corp will post 9.24 EPS for the current fiscal year.
In other news, EVP Harriet K. Harty sold 10,515 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $98.87, for a total transaction of $1,039,618.05. Following the sale, the executive vice president now directly owns 14,606 shares of the company’s stock, valued at $1,444,095.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jesse E. Merten sold 696 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $92.12, for a total transaction of $64,115.52. Following the sale, the executive vice president now directly owns 2,102 shares in the company, valued at $193,636.24. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
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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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