Allstate Corporation (The) (ALL) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its position in shares of Allstate Corporation (The) (NYSE:ALL) by 71.0% during the third quarter, Holdings Channel reports. The fund owned 7,882 shares of the company’s stock after selling 19,292 shares during the period. Jane Street Group LLC’s holdings in Allstate Corporation (The) were worth $545,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its stake in shares of Allstate Corporation (The) by 0.3% in the third quarter. Quadrant Capital Group LLC now owns 4,441 shares of the company’s stock worth $296,000 after buying an additional 12 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Allstate Corporation (The) by 0.4% in the third quarter. Parkside Financial Bank & Trust now owns 3,344 shares of the company’s stock worth $232,000 after buying an additional 13 shares during the period. Evercore Wealth Management LLC increased its position in Allstate Corporation (The) by 0.4% in the second quarter. Evercore Wealth Management LLC now owns 4,264 shares of the company’s stock worth $298,000 after buying an additional 15 shares during the period. Alpha Windward LLC increased its position in Allstate Corporation (The) by 0.6% in the third quarter. Alpha Windward LLC now owns 2,946 shares of the company’s stock worth $204,000 after buying an additional 19 shares during the period. Finally, Profund Advisors LLC increased its position in Allstate Corporation (The) by 0.3% in the third quarter. Profund Advisors LLC now owns 9,311 shares of the company’s stock worth $644,000 after buying an additional 25 shares during the period. Institutional investors own 76.72% of the company’s stock.

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

Shares of Allstate Corporation (NYSE:ALL) traded up 0.68% during mid-day trading on Friday, reaching $78.88. 1,637,416 shares of the company’s stock traded hands. Allstate Corporation has a one year low of $62.78 and a one year high of $79.31. The firm’s 50-day moving average is $75.21 and its 200 day moving average is $70.82. The firm has a market cap of $28.87 billion, a price-to-earnings ratio of 16.89 and a beta of 0.96.

Allstate Corporation (The) (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 1st. The company reported $2.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.54. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $7.74 billion. Allstate Corporation (The) had a net margin of 5.14% and a return on equity of 10.21%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.60 earnings per share. Analysts predict that Allstate Corporation will post $6.22 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Tuesday, February 28th will be paid a $0.37 dividend. This is a positive change from Allstate Corporation (The)’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a yield of 1.88%. Allstate Corporation (The)’s dividend payout ratio is currently 28.09%.

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A number of research analysts have commented on ALL shares. Zacks Investment Research downgraded shares of Allstate Corporation (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, October 25th. J P Morgan Chase & Co reissued a “buy” rating on shares of Allstate Corporation (The) in a research report on Thursday, November 3rd. Deutsche Bank AG reissued a “buy” rating and set a $80.00 target price on shares of Allstate Corporation (The) in a research report on Thursday, November 10th. Credit Suisse Group downgraded shares of Allstate Corporation (The) from an “outperform” rating to a “neutral” rating and raised their target price for the company from $73.00 to $80.00 in a research report on Friday, January 6th. Finally, Barclays PLC reissued a “buy” rating and set a $83.00 target price on shares of Allstate Corporation (The) in a research report on Monday, January 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $80.00.

In other Allstate Corporation (The) news, VP Samuel H. Pilch sold 21,178 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $72.24, for a total value of $1,529,898.72. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Suren Gupta sold 46,297 shares of the stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $72.69, for a total transaction of $3,365,328.93. The disclosure for this sale can be found here. Insiders sold 144,824 shares of company stock worth $10,656,768 over the last quarter. 1.58% of the stock is currently owned by insiders.

About Allstate Corporation (The)

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.

5 Day Chart for NYSE:ALL

Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allstate Corporation (The) (NYSE:ALL).

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