Thomas J. Wilson Sells 130,000 Shares of Allstate Corporation (The) (ALL) Stock

Allstate Corporation (The) (NYSE:ALL) 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 value of $12,907,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Thomas J. Wilson also recently made the following trade(s):

  • On Thursday, November 9th, Thomas J. Wilson sold 195,000 shares of Allstate Corporation (The) stock. The stock was sold at an average price of $99.13, for a total value of $19,330,350.00.

Allstate Corporation (NYSE ALL) opened at $99.94 on Wednesday. The company has a market capitalization of $35,681.66, a price-to-earnings ratio of 14.65, a P/E/G ratio of 1.82 and a beta of 1.09. Allstate Corporation has a 12 month low of $69.04 and a 12 month high of $100.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26.

Allstate Corporation (The) (NYSE:ALL) last released its earnings results on Wednesday, November 1st. The insurance provider reported $1.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.01). The business had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.07 billion. Allstate Corporation (The) had a net margin of 7.32% and a return on equity of 13.11%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. equities analysts predict that Allstate Corporation will post 6.55 EPS for the current fiscal year.

Allstate Corporation (The) declared that its board has approved a stock buyback plan on Tuesday, August 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the insurance provider to purchase up to 63% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. increased its stake in 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 purchasing an additional 5 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in 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 purchasing an additional 9 shares during the last quarter. Brighton Jones LLC grew its position 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 valued at $293,000 after acquiring an additional 10 shares during the period. Sandy Spring Bank grew its position in Allstate Corporation (The) by 2.5% during the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock valued at $103,000 after acquiring an additional 28 shares during the period. Finally, Flagship Harbor Advisors LLC grew its position 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 valued at $219,000 after acquiring an additional 35 shares during the period. Hedge funds and other institutional investors own 76.42% of the company’s stock.

ALL has been the subject of several research reports. Wells Fargo & Company reaffirmed a “buy” rating on shares of Allstate Corporation (The) in a report on Thursday, July 20th. BidaskClub cut Allstate Corporation (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Deutsche Bank AG cut Allstate Corporation (The) from a “buy” rating to a “hold” rating and boosted their price target for the stock from $90.00 to $96.00 in a report on Wednesday, August 2nd. UBS AG reissued a “neutral” rating and issued a $94.00 price target (up from $86.00) on shares of Allstate Corporation (The) in a report on Thursday, August 3rd. Finally, Barclays PLC boosted their price target on Allstate Corporation (The) from $101.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $93.00.

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.

Insider Buying and Selling by Quarter for Allstate Corporation (The) (NYSE:ALL)

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