Allstate Corporation (The) (ALL) Position Held by Linscomb & Williams Inc.

Linscomb & Williams Inc. held its position in shares of Allstate Corporation (The) (NYSE:ALL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,035 shares of the insurance provider’s stock at the close of the second quarter. Linscomb & Williams Inc.’s holdings in Allstate Corporation (The) were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new position in Allstate Corporation (The) during the second quarter worth about $1,671,000. State of Tennessee Treasury Department lifted its position in Allstate Corporation (The) by 16.7% during the second quarter. State of Tennessee Treasury Department now owns 593,694 shares of the insurance provider’s stock worth $52,506,000 after buying an additional 85,026 shares during the period. State Street Corp raised its holdings in shares of Allstate Corporation (The) by 3.0% in the 1st quarter. State Street Corp now owns 18,074,304 shares of the insurance provider’s stock worth $1,472,962,000 after purchasing an additional 530,591 shares during the period. Park National Corp OH raised its holdings in shares of Allstate Corporation (The) by 1.7% in the 2nd quarter. Park National Corp OH now owns 15,576 shares of the insurance provider’s stock worth $1,378,000 after purchasing an additional 256 shares during the period. Finally, Westpac Banking Corp raised its holdings in shares of Allstate Corporation (The) by 7.0% in the 1st quarter. Westpac Banking Corp now owns 236,644 shares of the insurance provider’s stock worth $18,726,000 after purchasing an additional 15,508 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Allstate Corporation (The) from a “hold” rating to a “sell” rating in a report on Tuesday. Citigroup Inc. cut their price objective on Allstate Corporation (The) from $107.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, October 2nd. UBS AG cut their price objective on Allstate Corporation (The) from $94.00 to $93.00 and set a “neutral” rating on the stock in a report on Tuesday, September 19th. Buckingham Research assumed coverage on Allstate Corporation (The) in a report on Monday, September 11th. They issued an “underperform” rating and a $74.00 price objective on the stock. Finally, Wells Fargo & Company restated a “buy” rating on shares of Allstate Corporation (The) in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $90.50.

In related news, President Matthew E. Winter sold 48,058 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $88.54, for a total transaction of $4,255,055.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Susan L. Lees sold 12,288 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $94.09, for a total value of $1,156,177.92. Following the transaction, the executive vice president now directly owns 73,511 shares of the company’s stock, valued at approximately $6,916,649.99. The disclosure for this sale can be found here. Insiders have sold a total of 143,602 shares of company stock valued at $13,272,624 in the last three months. 1.58% of the stock is owned by insiders.

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Shares of Allstate Corporation (NYSE:ALL) traded up 0.54% during midday trading on Friday, hitting $93.04. The company had a trading volume of 221,691 shares. The company’s 50 day moving average is $91.05 and its 200 day moving average is $87.94. Allstate Corporation has a one year low of $66.55 and a one year high of $95.25. The firm has a market cap of $33.62 billion, a price-to-earnings ratio of 13.74 and a beta of 1.08.

Allstate Corporation (The) (NYSE:ALL) last posted its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.48. Allstate Corporation (The) had a return on equity of 12.73% and a net margin of 7.02%. The business had revenue of $8.02 billion during the quarter, compared to analysts’ expectations of $7.99 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Equities analysts forecast that Allstate Corporation will post $5.87 earnings per share for the current fiscal year.

Allstate Corporation (The) declared that its board has authorized a stock repurchase program on Tuesday, August 1st that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the insurance provider to reacquire up to 63% of its shares through open market purchases. Shares buyback programs are often 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.

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

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