Checchi Capital Advisers LLC Has $300,000 Stake in Allstate Corporation (The) (ALL)

Checchi Capital Advisers LLC lowered its position in shares of Allstate Corporation (The) (NYSE:ALL) by 11.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,684 shares of the insurance provider’s stock after selling 466 shares during the period. Checchi Capital Advisers LLC’s holdings in Allstate Corporation (The) were worth $300,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ALL. Profund Advisors LLC increased its stake in shares of Allstate Corporation (The) by 0.3% in the third quarter. Profund Advisors LLC now owns 9,311 shares of the insurance provider’s stock valued at $644,000 after buying an additional 25 shares in the last quarter. CAPROCK Group Inc. increased its stake in shares of Allstate Corporation (The) by 0.6% in the first quarter. CAPROCK Group Inc. now owns 4,567 shares of the insurance provider’s stock valued at $372,000 after buying an additional 28 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of 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 in the last quarter. Dean Investment Associates LLC increased its stake in shares of Allstate Corporation (The) by 0.9% in the third quarter. Dean Investment Associates LLC now owns 7,015 shares of the insurance provider’s stock valued at $485,000 after buying an additional 64 shares in the last quarter. Finally, CHICAGO TRUST Co NA increased its stake in shares of Allstate Corporation (The) by 1.5% in the first quarter. CHICAGO TRUST Co NA now owns 4,788 shares of the insurance provider’s stock valued at $390,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 76.65% of the company’s stock.

Institutional Ownership by Quarter for Allstate Corporation (The) (NYSE:ALL)

Shares of Allstate Corporation (NYSE:ALL) traded down 0.17% during midday trading on Tuesday, hitting $89.26. The stock had a trading volume of 1,153,603 shares. The stock has a market cap of $32.54 billion, a price-to-earnings ratio of 15.13 and a beta of 1.09. Allstate Corporation has a 1-year low of $65.27 and a 1-year high of $90.74. The firm’s 50-day moving average price is $85.81 and its 200-day moving average price is $80.04.

Allstate Corporation (The) (NYSE:ALL) last released its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.60. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.36 billion. Allstate Corporation (The) had a return on equity of 11.45% and a net margin of 6.27%. Analysts forecast that Allstate Corporation will post $6.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Monday, June 5th will be issued a $0.37 dividend. The ex-dividend date is Thursday, June 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.66%. Allstate Corporation (The)’s dividend payout ratio is currently 25.00%.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://sportsperspectives.com/2017/06/20/allstate-corp-all-shares-sold-by-checchi-capital-advisers-llc-updated-updated-updated-updated.html.

Several analysts recently weighed in on ALL shares. Zacks Investment Research downgraded Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research report on Friday, March 10th. Wells Fargo & Co restated a “buy” rating on shares of Allstate Corporation (The) in a research report on Thursday, June 15th. BidaskClub raised Allstate Corporation (The) from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Keefe, Bruyette & Woods cut Allstate Corporation (The) from an “outperform” rating to a “market perform” rating and set a $81.00 target price for the company. in a report on Wednesday, March 1st. Finally, Credit Suisse Group set a $86.00 target price on Allstate Corporation (The) and gave the stock a “hold” rating in a report on Saturday, March 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Allstate Corporation (The) currently has a consensus rating of “Buy” and a consensus price target of $85.82.

In related news, VP Samuel H. Pilch sold 8,582 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $83.88, for a total transaction of $719,858.16. Following the transaction, the vice president now owns 35,875 shares in the company, valued at approximately $3,009,195. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Matthew E. Winter sold 33,956 shares of the business’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $81.01, for a total value of $2,750,775.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 157,929 shares of company stock worth $13,552,872. Company insiders own 1.58% of the company’s stock.

About Allstate Corporation (The)

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.

Receive News & Ratings for Allstate Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate Corporation (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply