Mn Services Vermogensbeheer B.V. Has $5.27 Million Position in Allstate Corporation (The) (NYSE:ALL)

Mn Services Vermogensbeheer B.V. raised its position in shares of Allstate Corporation (The) (NYSE:ALL) by 506.4% during the second quarter, Holdings Channel reports. The firm owned 59,558 shares of the insurance provider’s stock after buying an additional 49,737 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Allstate Corporation (The) were worth $5,267,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. FNY Partners Fund LP acquired a new stake in Allstate Corporation (The) during the first quarter worth $122,000. Bronfman E.L. Rothschild L.P. increased its stake in Allstate Corporation (The) by 8.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,550 shares of the insurance provider’s stock worth $126,000 after buying an additional 122 shares during the period. Oakworth Capital Inc. increased its stake in Allstate Corporation (The) by 505.8% in the first quarter. Oakworth Capital Inc. now owns 1,775 shares of the insurance provider’s stock worth $145,000 after buying an additional 1,482 shares during the period. Howard Hughes Medical Institute acquired a new stake in Allstate Corporation (The) during the first quarter worth $160,000. Finally, Watermark Asset Management Inc. acquired a new stake in Allstate Corporation (The) during the first quarter worth $170,000. Hedge funds and other institutional investors own 76.36% of the company’s stock.

Shares of Allstate Corporation (NYSE ALL) traded down 0.09% during trading on Tuesday, reaching $90.92. The company had a trading volume of 509,973 shares. Allstate Corporation has a 12 month low of $66.55 and a 12 month high of $91.43. The stock has a market capitalization of $33.14 billion, a PE ratio of 15.42 and a beta of 1.10. The stock’s 50-day moving average price is $88.97 and its 200-day moving average price is $83.29.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.60. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.36 billion. Allstate Corporation (The) had a return on equity of 11.45% and a net margin of 6.27%. Equities analysts forecast that Allstate Corporation will post $5.95 earnings per share for the current fiscal year.

The company also recently declared 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 1.63%. The ex-dividend date of this dividend is Tuesday, August 29th. Allstate Corporation (The)’s payout ratio is currently 25.00%.

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A number of analysts recently weighed in on the company. Wells Fargo & Company restated a “buy” rating on shares of Allstate Corporation (The) in a research note on Saturday, June 24th. BidaskClub downgraded Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research note on Monday. FBR & Co lifted their price target on Allstate Corporation (The) from $70.00 to $82.00 and gave the company a “mkt perform” rating in a research note on Monday, April 3rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $88.00 price target on shares of Allstate Corporation (The) in a research note on Friday, June 16th. Finally, Citigroup Inc. lifted their price target on Allstate Corporation (The) from $97.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $87.67.

In other news, VP Samuel H. Pilch sold 8,582 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $83.88, for a total transaction of $719,858.16. Following the completion of the sale, the vice president now directly owns 35,875 shares of the company’s stock, valued at approximately $3,009,195. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Matthew E. Winter sold 48,058 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $88.54, for a total value of $4,255,055.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 179,259 shares of company stock valued at $15,695,746. 1.58% of the stock is currently owned by corporate insiders.

About Allstate Corporation (The)

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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