Allstate Corporation (The) (ALL) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its stake in Allstate Corporation (The) (NYSE:ALL) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 491,833 shares of the insurance provider’s stock after purchasing an additional 14,700 shares during the quarter. Canada Pension Plan Investment Board owned about 0.14% of Allstate Corporation (The) worth $45,204,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. lifted its stake in shares of Allstate Corporation (The) by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock valued at $108,000 after buying an additional 5 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Allstate Corporation (The) by 0.3% in the second quarter. Parkside Financial Bank & Trust now owns 3,082 shares of the insurance provider’s stock valued at $273,000 after buying an additional 9 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of Allstate Corporation (The) by 0.3% in the second quarter. Brighton Jones LLC now owns 3,313 shares of the insurance provider’s stock valued at $293,000 after buying an additional 10 shares in the last quarter. Sandy Spring Bank lifted its stake in shares of Allstate Corporation (The) by 2.5% in the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock valued at $103,000 after buying an additional 28 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its position in shares of Allstate Corporation (The) by 1.3% during the first 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 in the last quarter. Institutional investors and hedge funds own 76.42% of the company’s stock.

ALL has been the topic of several research reports. B. Riley reaffirmed a “neutral” rating on shares of Allstate Corporation (The) in a research report on Monday, November 6th. Citigroup Inc. lowered their price objective on shares of Allstate Corporation (The) from $107.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, October 2nd. BidaskClub downgraded shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. UBS AG lifted their target price on shares of Allstate Corporation (The) from $93.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Allstate Corporation (The) in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Allstate Corporation (The) currently has a consensus rating of “Hold” and an average price target of $93.00.

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In other news, CEO Thomas J. Wilson sold 130,000 shares of Allstate Corporation (The) stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $99.29, for a total transaction of $12,907,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

Shares of Allstate Corporation (NYSE:ALL) opened at $99.44 on Tuesday. 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 fifty-two week low of $69.04 and a fifty-two week high of $100.31. The stock 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 (The) (NYSE:ALL) last posted its 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). The business had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $8.07 billion. Allstate Corporation (The) had a net margin of 7.32% and a return on equity of 13.11%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.26 earnings per share. equities research analysts anticipate that Allstate Corporation will post 6.55 earnings per share for the current year.

Allstate Corporation (The) announced that its Board of Directors has authorized a share buyback program on Tuesday, August 1st that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the insurance provider to reacquire up to 63% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are 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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