Achmea Investment Management B.V. cut its position in shares of Allstate Corp (NYSE:ALL) by 13.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,483 shares of the insurance provider’s stock after selling 14,540 shares during the quarter. Achmea Investment Management B.V.’s holdings in Allstate were worth $9,126,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of ALL. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Allstate in the 3rd quarter valued at about $110,000. Kiley Juergens Wealth Management LLC acquired a new position in shares of Allstate in the 2nd quarter valued at about $124,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Allstate by 1,316.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,331 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 1,237 shares during the period. Cornerstone Wealth Management LLC acquired a new position in shares of Allstate in the 3rd quarter valued at about $146,000. Finally, Denali Advisors LLC acquired a new position in shares of Allstate in the 3rd quarter valued at about $158,000. 76.37% of the stock is owned by institutional investors.
In related news, EVP Harriet K. Harty sold 10,515 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $98.87, for a total value of $1,039,618.05. Following the transaction, the executive vice president now owns 14,606 shares in the company, valued at $1,444,095.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
NYSE:ALL opened at $93.70 on Friday. Allstate Corp has a 52 week low of $88.29 and a 52 week high of $105.36. The company has a market capitalization of $31.35 billion, a P/E ratio of 13.96, a PEG ratio of 1.18 and a beta of 0.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.26 and a current ratio of 0.26.
Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, October 31st. The insurance provider reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.28). Allstate had a return on equity of 15.48% and a net margin of 9.38%. The firm had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.51 billion. During the same quarter in the prior year, the company posted $1.60 EPS. The company’s quarterly revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts anticipate that Allstate Corp will post 9.25 EPS for the current year.
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The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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