HighPoint Advisor Group LLC Has $1,214,000 Position in Allstate Corporation (The) (ALL)

HighPoint Advisor Group LLC maintained its position in shares of Allstate Corporation (The) (NYSE:ALL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,893 shares of the insurance provider’s stock at the close of the second quarter. HighPoint Advisor Group LLC’s holdings in Allstate Corporation (The) were worth $1,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. grew its stake in Allstate Corporation (The) by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock valued at $108,000 after acquiring an additional 5 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Allstate Corporation (The) by 0.3% during the second quarter. Parkside Financial Bank & Trust now owns 3,082 shares of the insurance provider’s stock valued at $273,000 after acquiring an additional 9 shares in the last quarter. Brighton Jones LLC grew its stake in Allstate Corporation (The) by 0.3% during the second quarter. Brighton Jones LLC now owns 3,313 shares of the insurance provider’s stock valued at $293,000 after acquiring an additional 10 shares in the last quarter. Sandy Spring Bank grew its stake in Allstate Corporation (The) by 2.5% during the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock valued at $103,000 after acquiring an additional 28 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in Allstate Corporation (The) by 1.3% during the first quarter. Flagship Harbor Advisors LLC now owns 2,709 shares of the insurance provider’s stock valued at $219,000 after acquiring an additional 35 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

In related news, EVP Susan L. Lees sold 12,288 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $94.09, for a total value of $1,156,177.92. Following the completion of the sale, the executive vice president now owns 73,511 shares of the company’s stock, valued at $6,916,649.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven E. Shebik sold 35,197 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $94.28, for a total transaction of $3,318,373.16. Following the completion of the sale, the chief financial officer now directly owns 127,560 shares of the company’s stock, valued at approximately $12,026,356.80. The disclosure for this sale can be found here. Insiders sold 143,602 shares of company stock valued at $13,272,624 in the last three months. 1.58% of the stock is currently owned by insiders.

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Allstate Corporation (ALL) traded down 0.45% during trading on Thursday, hitting $92.67. 508,115 shares of the company were exchanged. Allstate Corporation has a 12 month low of $66.55 and a 12 month high of $95.25. The stock’s 50-day moving average is $91.07 and its 200-day moving average is $87.90. The company has a market capitalization of $33.49 billion, a price-to-earnings ratio of 13.69 and a beta of 1.08.

Allstate Corporation (The) (NYSE:ALL) last announced its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.48. Allstate Corporation (The) had a net margin of 7.02% and a return on equity of 12.73%. The firm had revenue of $8.02 billion during the quarter, compared to analyst estimates of $7.99 billion. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Allstate Corporation (The)’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts anticipate that Allstate Corporation will post $5.87 earnings per share for the current year.

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

Several research firms recently weighed in on ALL. Barclays PLC cut their target price on shares of Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating for the company in a research note on Monday, July 3rd. Wells Fargo & Company reissued a “buy” rating on shares of Allstate Corporation (The) in a research note on Saturday, June 24th. UBS AG reissued a “neutral” rating and issued a $94.00 price objective (up from $86.00) on shares of Allstate Corporation (The) in a research note on Thursday, August 3rd. BidaskClub cut shares of Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $88.00 price objective on shares of Allstate Corporation (The) in a research note on Friday, June 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $90.50.

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.

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

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