DekaBank Deutsche Girozentrale Buys 5,728 Shares of Allstate Corporation (The) (ALL)

DekaBank Deutsche Girozentrale increased its stake in Allstate Corporation (The) (NYSE:ALL) by 1.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 608,292 shares of the insurance provider’s stock after buying an additional 5,728 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.17% of Allstate Corporation (The) worth $57,545,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its stake in Allstate Corporation (The) by 1.5% during the 2nd quarter. BlackRock Inc. now owns 26,847,576 shares of the insurance provider’s stock valued at $2,374,397,000 after purchasing an additional 389,249 shares in the last quarter. Vanguard Group Inc. grew its stake in Allstate Corporation (The) by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 24,213,610 shares of the insurance provider’s stock valued at $2,141,452,000 after purchasing an additional 575,645 shares in the last quarter. State Street Corp grew its stake in Allstate Corporation (The) by 3.0% during the 1st quarter. State Street Corp now owns 18,074,304 shares of the insurance provider’s stock valued at $1,472,962,000 after purchasing an additional 530,591 shares in the last quarter. Northern Trust Corp grew its stake in Allstate Corporation (The) by 18.8% during the 2nd quarter. Northern Trust Corp now owns 7,202,273 shares of the insurance provider’s stock valued at $636,969,000 after purchasing an additional 1,141,782 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Allstate Corporation (The) by 6.1% during the 1st quarter. AQR Capital Management LLC now owns 6,268,589 shares of the insurance provider’s stock valued at $510,828,000 after purchasing an additional 363,084 shares in the last quarter. Institutional investors and hedge funds own 76.42% of the company’s stock.

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ALL has been the subject of a number of recent analyst reports. Wells Fargo & Company restated a “buy” rating on shares of Allstate Corporation (The) in a research note on Thursday, July 20th. BidaskClub lowered Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Deutsche Bank AG lowered Allstate Corporation (The) from a “buy” rating to a “hold” rating and raised their price objective for the company from $90.00 to $96.00 in a research note on Wednesday, August 2nd. UBS AG restated a “neutral” rating and set a $94.00 price objective (up previously from $86.00) on shares of Allstate Corporation (The) in a research note on Thursday, August 3rd. Finally, Barclays PLC raised their price objective on Allstate Corporation (The) from $101.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $93.00.

In related news, CEO Thomas J. Wilson sold 130,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $99.29, for a total value of $12,907,700.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Shares of Allstate Corporation (NYSE ALL) traded down $0.27 during midday trading on Tuesday, hitting $99.17. The company had a trading volume of 984,281 shares, compared to its average volume of 1,862,928. The company has a market cap of $35,680.00, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. Allstate Corporation has a 1-year low of $69.04 and a 1-year high of $100.31. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31.

Allstate Corporation (The) (NYSE:ALL) last announced its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.01). The company had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.07 billion. Allstate Corporation (The) had a return on equity of 13.11% and a net margin of 7.32%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the business posted $1.26 EPS. equities research analysts forecast that Allstate Corporation will post 6.55 earnings per share for the current year.

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

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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