Raymond James Trust N.A. Has $8.24 Million Position in Allstate Corporation (The) (ALL)

Raymond James Trust N.A. increased its position in shares of Allstate Corporation (The) (NYSE:ALL) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,167 shares of the insurance provider’s stock after purchasing an additional 2,445 shares during the quarter. Raymond James Trust N.A.’s holdings in Allstate Corporation (The) were worth $8,240,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. boosted its holdings in Allstate Corporation (The) by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock worth $108,000 after purchasing an additional 5 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Allstate Corporation (The) by 0.3% during the second quarter. Parkside Financial Bank & Trust now owns 3,082 shares of the insurance provider’s stock worth $273,000 after purchasing an additional 9 shares during the last quarter. Brighton Jones LLC boosted its holdings in Allstate Corporation (The) by 0.3% during the second quarter. Brighton Jones LLC now owns 3,313 shares of the insurance provider’s stock worth $293,000 after purchasing an additional 10 shares during the last quarter. Intrust Bank NA boosted its holdings in Allstate Corporation (The) by 0.3% during the first quarter. Intrust Bank NA now owns 7,540 shares of the insurance provider’s stock worth $615,000 after purchasing an additional 23 shares during the last quarter. Finally, Flagship Harbor Advisors LLC boosted its holdings in 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 worth $219,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.

Several research analysts recently weighed in on ALL shares. Barclays PLC boosted their price target on shares of Allstate Corporation (The) from $101.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. Citigroup Inc. boosted their target price on shares of Allstate Corporation (The) from $97.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Deutsche Bank AG cut shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating and boosted their target price for the company from $90.00 to $96.00 in a research note on Tuesday, August 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $91.00 target price (up from $85.00) on shares of Allstate Corporation (The) in a research note on Thursday, July 6th. Finally, BidaskClub cut shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $90.38.

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Allstate Corporation (ALL) traded down 0.093% during mid-day trading on Tuesday, hitting $91.145. 620,140 shares of the stock traded hands. The company’s 50 day moving average price is $91.76 and its 200-day moving average price is $86.34. Allstate Corporation has a 1-year low of $66.55 and a 1-year high of $95.25. The stock has a market cap of $32.94 billion, a price-to-earnings ratio of 13.463 and a beta of 1.09.

Allstate Corporation (The) (NYSE:ALL) last posted its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.48. Allstate Corporation (The) had a net margin of 7.02% and a return on equity of 12.73%. The company had revenue of $8.02 billion for the quarter, compared to the consensus estimate of $7.99 billion. During the same quarter last year, the firm posted $0.62 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. Analysts predict that Allstate Corporation will post $6.41 earnings per share for the current year.

Allstate Corporation (The) announced that its board has approved a share repurchase program on Tuesday, August 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 63% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, August 29th. Allstate Corporation (The)’s payout ratio is 21.86%.

In other Allstate Corporation (The) news, CFO Steven E. Shebik sold 35,197 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $94.28, for a total transaction of $3,318,373.16. Following the sale, the chief financial officer now owns 127,560 shares in the company, valued at approximately $12,026,356.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Matthew E. Winter sold 48,059 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $94.53, for a total transaction of $4,543,017.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 215,466 shares of company stock worth $19,683,536. 1.58% of the stock is owned by company insiders.

Allstate Corporation (The) 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.

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Institutional Ownership by Quarter for Allstate Corporation (The) (NYSE:ALL)

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