Ausdal Financial Partners Inc. held its position in Allstate Corp. (NYSE:ALL) during the second quarter, Holdings Channel reports. The fund owned 3,080 shares of the company’s stock at the end of the second quarter. Ausdal Financial Partners Inc.’s holdings in Allstate Corp. were worth $215,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Standard Life Investments LTD increased its position in Allstate Corp. by 556.2% in the second quarter. Standard Life Investments LTD now owns 3,243,360 shares of the company’s stock worth $226,857,000 after buying an additional 2,749,105 shares during the period. American Century Companies Inc. boosted its stake in shares of Allstate Corp. by 204.5% in the second quarter. American Century Companies Inc. now owns 3,874,045 shares of the company’s stock worth $270,989,000 after buying an additional 2,601,606 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Allstate Corp. during the second quarter worth about $130,921,000. Credit Agricole S A boosted its stake in shares of Allstate Corp. by 296.1% in the first quarter. Credit Agricole S A now owns 943,038 shares of the company’s stock worth $63,532,000 after buying an additional 704,940 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Allstate Corp. by 4,833.1% in the first quarter. Renaissance Technologies LLC now owns 607,900 shares of the company’s stock worth $40,954,000 after buying an additional 595,577 shares in the last quarter. 76.38% of the stock is owned by hedge funds and other institutional investors.
Allstate Corp. (NYSE:ALL) traded up 0.61% during mid-day trading on Friday, hitting $69.51. The stock had a trading volume of 1,154,865 shares. The stock has a market capitalization of $25.82 billion, a P/E ratio of 17.50 and a beta of 0.95. The company’s 50 day moving average is $68.49 and its 200-day moving average is $67.92. Allstate Corp. has a 52 week low of $56.03 and a 52 week high of $70.38.
Allstate Corp. (NYSE:ALL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.04. The company had revenue of $9.16 billion for the quarter, compared to analysts’ expectations of $8.14 billion. Allstate Corp. had a return on equity of 9.94% and a net margin of 4.63%. Allstate Corp.’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, analysts expect that Allstate Corp. will post $4.41 EPS for the current fiscal year.
ALL has been the topic of a number of analyst reports. MKM Partners reiterated a “buy” rating on shares of Allstate Corp. in a research note on Thursday, June 16th. Zacks Investment Research cut Allstate Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Deutsche Bank AG upped their price objective on Allstate Corp. from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Credit Suisse Group AG set a $73.00 price objective on Allstate Corp. and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Finally, Argus reiterated a “buy” rating and set a $76.00 price objective on shares of Allstate Corp. in a research note on Friday, September 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 72 ($0.89).
In related news, CFO Steven E. Shebik sold 41,334 shares of Allstate Corp. stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of GBX 68.86 ($0.85), for a total transaction of £28,462.59 ($35,225.98). Following the transaction, the chief financial officer now owns 102,959 shares of the company’s stock, valued at £70,897.57 ($87,744.51). The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Harriet K. Harty sold 6,779 shares of Allstate Corp. stock in a transaction on Friday, August 5th. The stock was sold at an average price of GBX 68.64 ($0.85), for a total value of £4,653.11 ($5,758.79). Following the sale, the insider now owns 12,316 shares in the company, valued at £8,453.70 ($10,462.50). The disclosure for this sale can be found here. Corporate insiders own 1.58% of the company’s stock.
Allstate Corp. Company Profile
The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business.
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