Allstate Corporation (The) (ALL) Holdings Lifted by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. raised its holdings in Allstate Corporation (The) (NYSE:ALL) by 117.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,509 shares of the insurance provider’s stock after purchasing an additional 127,166 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.07% of Allstate Corporation (The) worth $21,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in ALL. Credit Suisse AG grew its stake in Allstate Corporation (The) by 16.4% in the 1st quarter. Credit Suisse AG now owns 854,908 shares of the insurance provider’s stock valued at $69,666,000 after purchasing an additional 120,361 shares during the period. Flagship Harbor Advisors LLC grew its stake in Allstate Corporation (The) by 1.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,709 shares of the insurance provider’s stock valued at $219,000 after purchasing an additional 35 shares during the period. HighTower Advisors LLC grew its stake in Allstate Corporation (The) by 1.0% in the 1st quarter. HighTower Advisors LLC now owns 47,815 shares of the insurance provider’s stock valued at $3,893,000 after purchasing an additional 451 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Allstate Corporation (The) by 6.6% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 15,025 shares of the insurance provider’s stock valued at $1,224,000 after purchasing an additional 925 shares during the period. Finally, Colony Group LLC grew its stake in Allstate Corporation (The) by 22.6% in the 1st quarter. Colony Group LLC now owns 24,007 shares of the insurance provider’s stock valued at $1,956,000 after purchasing an additional 4,420 shares during the period. Hedge funds and other institutional investors own 76.42% of the company’s stock.

Shares of Allstate Corporation (ALL) opened at $100.38 on Thursday. The stock has a market capitalization of $35,861.07, a PE ratio of 14.72, a P/E/G ratio of 1.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26. Allstate Corporation has a 1-year low of $69.04 and a 1-year high of $101.12.

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

Allstate Corporation (The) announced that its board has authorized a stock repurchase plan on Tuesday, August 1st that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to reacquire up to 63% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

A number of brokerages have recently commented on ALL. Wells Fargo & Company reaffirmed a “buy” rating on shares of Allstate Corporation (The) in a research report on Thursday, July 20th. Buckingham Research began coverage on Allstate Corporation (The) in a research report on Monday, September 11th. They set an “underperform” rating and a $74.00 price target on the stock. Zacks Investment Research cut Allstate Corporation (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Deutsche Bank AG cut Allstate Corporation (The) from a “buy” rating to a “hold” rating and upped their price target for the company from $90.00 to $96.00 in a research report on Wednesday, August 2nd. Finally, Barclays PLC upped their price target on Allstate Corporation (The) from $101.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $93.00.

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In other Allstate Corporation (The) news, insider Suren Gupta sold 103,242 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $98.68, for a total value of $10,187,920.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Thomas J. Wilson sold 195,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $99.13, for a total value of $19,330,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 428,242 shares of company stock worth $42,425,971 in the last three months. 1.58% of the stock is currently owned by insiders.

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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