Thomas J. Wilson Sells 195,000 Shares of Allstate Corporation (The) (ALL) Stock

Allstate Corporation (The) (NYSE:ALL) Chairman Thomas J. Wilson sold 195,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $99.13, for a total value of $19,330,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Thomas J. Wilson also recently made the following trade(s):

  • On Wednesday, November 8th, Thomas J. Wilson sold 130,000 shares of Allstate Corporation (The) stock. The shares were sold at an average price of $99.29, for a total value of $12,907,700.00.

Allstate Corporation (NYSE ALL) opened at $99.94 on Wednesday. The firm has a market capitalization of $35,681.66, a price-to-earnings ratio of 14.65, a PEG ratio of 1.82 and a beta of 1.09. 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 has a twelve month low of $69.04 and a twelve month high of $100.31.

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

Allstate Corporation (The) declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 1st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the insurance provider to repurchase up to 63% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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A number of institutional investors have recently made changes to their positions in ALL. Invictus RG boosted its holdings in Allstate Corporation (The) by 1,127.9% during the 1st quarter. Invictus RG now owns 7,318 shares of the insurance provider’s stock valued at $596,000 after acquiring an additional 6,722 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Allstate Corporation (The) by 35.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,113,915 shares of the insurance provider’s stock valued at $172,263,000 after acquiring an additional 552,468 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Allstate Corporation (The) by 3.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 5,555 shares of the insurance provider’s stock valued at $453,000 after acquiring an additional 183 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Allstate Corporation (The) during the 1st quarter valued at about $1,016,000. Finally, Two Sigma Securities LLC purchased a new position in Allstate Corporation (The) during the 1st quarter valued at about $264,000. Institutional investors own 76.42% of the company’s stock.

ALL has been the subject of several analyst reports. Citigroup Inc. dropped their target price on Allstate Corporation (The) from $107.00 to $106.00 and set a “buy” rating for the company in a report on Monday, October 2nd. BidaskClub cut Allstate Corporation (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research cut Allstate Corporation (The) from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Deutsche Bank AG cut Allstate Corporation (The) from a “buy” rating to a “hold” rating and upped their target price for the company from $90.00 to $96.00 in a report on Tuesday, August 8th. Finally, B. Riley restated a “neutral” rating on shares of Allstate Corporation (The) in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. Allstate Corporation (The) has an average rating of “Hold” and an average price target of $93.00.

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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