Pacer Advisors Inc. Acquires 4,494 Shares of The Allstate Corporation $ALL

Pacer Advisors Inc. boosted its holdings in The Allstate Corporation (NYSE:ALL) by 16.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,301 shares of the insurance provider’s stock after buying an additional 4,494 shares during the period. Pacer Advisors Inc.’s holdings in Allstate were worth $6,723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ALL. Brighton Jones LLC lifted its holdings in Allstate by 60.2% during the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after purchasing an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Allstate during the 4th quarter valued at about $231,000. WINTON GROUP Ltd purchased a new position in Allstate during the 2nd quarter valued at about $210,000. Treasurer of the State of North Carolina increased its position in shares of Allstate by 2.5% during the second quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider’s stock valued at $24,816,000 after buying an additional 3,051 shares during the period. Finally, Ieq Capital LLC increased its position in shares of Allstate by 20.1% during the second quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider’s stock valued at $7,713,000 after buying an additional 6,412 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ALL. Raymond James Financial restated a “strong-buy” rating and issued a $260.00 price objective on shares of Allstate in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods lowered shares of Allstate from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $266.00 to $242.00 in a report on Monday, June 8th. Wells Fargo & Company increased their target price on shares of Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Allstate from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $231.00 price target on shares of Allstate in a research report on Thursday, March 5th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $240.33.

Allstate Stock Performance

NYSE ALL opened at $220.72 on Monday. The company has a 50-day simple moving average of $215.95 and a two-hundred day simple moving average of $209.23. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a 12-month low of $188.08 and a 12-month high of $227.62. The firm has a market cap of $56.82 billion, a price-to-earnings ratio of 4.87, a PEG ratio of 0.39 and a beta of 0.19.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping the consensus estimate of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The firm had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same quarter in the previous year, the business earned $3.53 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that The Allstate Corporation will post 29.55 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, June 1st. Allstate’s dividend payout ratio (DPR) is presently 9.53%.

Insiders Place Their Bets

In other Allstate news, Director Andrea Redmond sold 2,225 shares of Allstate stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $202.91, for a total value of $451,474.75. Following the transaction, the director directly owned 2,225 shares of the company’s stock, valued at $451,474.75. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Q. Prindiville sold 1,550 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $216.27, for a total value of $335,218.50. Following the completion of the sale, the insider owned 27,558 shares of the company’s stock, valued at $5,959,968.66. The trade was a 5.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 22,353 shares of company stock valued at $4,851,560 in the last ninety days. Company insiders own 1.55% of the company’s stock.

Allstate Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.