The Allstate Corporation: Fund Stock Sales in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of The Allstate Corporation (NYSE:ALL).

SEC data indicate that these institutions significantly reduced their stock shares of The Allstate Corporation in Q3 2011:

  • ARTISAN PARTNERS HOLDINGS LP: On 06/30/2011, held 6,816,530 shares, worth $204,564,065. On 09/30/2011, held 0 shares.
  • SOUND SHORE MANAGEMENT INC /CT/: On 06/30/2011, held 5,217,177 shares, worth $156,567,482. On 09/30/2011, held 0 shares.
  • WESTWOOD MANAGEMENT CORP /TX: On 06/30/2011, held 1,968,645 shares, worth $59,079,036. On 09/30/2011, held 0 shares.
  • HGK ASSET MANAGEMENT INC: On 06/30/2011, held 1,631,507 shares, worth $48,961,525. On 09/30/2011, held 0 shares.

About the company: The Allstate Corporation, through its subsidiaries, provides property-liability insurance, as well as other types of insurance in the United States and Canada. The Company primarily sells private passenger automobile and homeowners insurance through independent and specialized brokers. Allstate also sells life insurance, annuity, and group pension products through agents.

Competitors to Watch: Horace Mann Educators Corp. (NYSE:HMN), The Progressive Corp. (NYSE:PGR), Safety Insurance Group, Inc. (NASDAQ:SAFT), 21st Century Holding Co. (NASDAQ:TCHC), The Travelers Companies, Inc. (NYSE:TRV), Hilltop Holdings Inc. (NYSE:HTH), Hallmark Financial Services, Inc. (NASDAQ:HALL), Tower Group, Inc. (NASDAQ:TWGP), American Insurance Group (NYSE:AIG), Erie Indemnity Company (NASDAQ:ERIE), and Gainsco, Inc. (AMEX:GAN).

(Note: Data regarding The Allstate Corporation’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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