Allstate Corporation (The) (NYSE:ALL) Insider Sells $638,593.80 in Stock

Allstate Corporation (The) (NYSE:ALL) insider Harriet K. Harty sold 7,228 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $88.35, for a total value of $638,593.80. Following the completion of the transaction, the insider now owns 18,260 shares of the company’s stock, valued at $1,613,271. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Allstate Corporation (ALL) opened at 89.19 on Monday. Allstate Corporation has a 52-week low of $66.55 and a 52-week high of $90.74. The stock has a market capitalization of $32.51 billion, a PE ratio of 15.12 and a beta of 1.10. The stock has a 50 day moving average price of $86.83 and a 200-day moving average price of $80.91.

Allstate Corporation (The) (NYSE:ALL) last issued its earnings results on Wednesday, May 3rd. The insurance provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.60. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $8.36 billion. Allstate Corporation (The) had a return on equity of 11.45% and a net margin of 6.27%. On average, equities research analysts anticipate that Allstate Corporation will post $6.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Monday, June 5th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, June 1st. Allstate Corporation (The)’s dividend payout ratio (DPR) is 25.00%.

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ALL has been the subject of several recent research reports. Citigroup Inc. lifted their price target on Allstate Corporation (The) from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, April 7th. Zacks Investment Research upgraded Allstate Corporation (The) from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Tuesday, March 14th. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a research report on Thursday, June 15th. MKM Partners reiterated a “buy” rating and set a $100.00 price target (up from $90.00) on shares of Allstate Corporation (The) in a research report on Thursday, May 4th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $91.00 price target (up from $85.00) on shares of Allstate Corporation (The) in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $87.00.

Institutional investors have recently modified their holdings of the company. Vident Investment Advisory LLC increased its position in shares of Allstate Corporation (The) by 0.3% in the fourth quarter. Vident Investment Advisory LLC now owns 34,842 shares of the insurance provider’s stock worth $2,582,000 after buying an additional 101 shares during the period. Norges Bank acquired a new position in shares of Allstate Corporation (The) during the fourth quarter worth about $19,212,000. Sowell Financial Services LLC acquired a new position in shares of Allstate Corporation (The) during the fourth quarter worth about $266,000. SNS Financial Group LLC increased its position in shares of Allstate Corporation (The) by 11.8% in the fourth quarter. SNS Financial Group LLC now owns 35,979 shares of the insurance provider’s stock worth $2,667,000 after buying an additional 3,801 shares during the period. Finally, Jarislowsky Fraser Ltd acquired a new position in shares of Allstate Corporation (The) during the fourth quarter worth about $6,304,000. 76.32% of the stock is owned by institutional investors and hedge funds.

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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