Pacer Advisors Inc. Acquires 6,333 Shares of The Allstate Corporation $ALL

Pacer Advisors Inc. increased its holdings in shares of The Allstate Corporation (NYSE:ALL) by 29.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,807 shares of the insurance provider’s stock after acquiring an additional 6,333 shares during the quarter. Pacer Advisors Inc.’s holdings in Allstate were worth $5,969,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ALL. Vanguard Group Inc. boosted its stake in Allstate by 1.3% in the second quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock valued at $6,690,584,000 after acquiring an additional 435,145 shares during the last quarter. Geode Capital Management LLC lifted its stake in Allstate by 1.2% in the second quarter. Geode Capital Management LLC now owns 6,714,629 shares of the insurance provider’s stock valued at $1,345,961,000 after purchasing an additional 79,366 shares during the last quarter. Franklin Resources Inc. lifted its stake in Allstate by 2.5% in the second quarter. Franklin Resources Inc. now owns 4,670,113 shares of the insurance provider’s stock valued at $940,140,000 after purchasing an additional 112,858 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Allstate by 3.3% during the second quarter. Raymond James Financial Inc. now owns 2,793,645 shares of the insurance provider’s stock valued at $562,388,000 after purchasing an additional 88,620 shares during the period. Finally, Boston Partners increased its position in Allstate by 7.0% in the second quarter. Boston Partners now owns 2,655,585 shares of the insurance provider’s stock worth $535,078,000 after buying an additional 172,931 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of NYSE:ALL opened at $208.60 on Tuesday. The company has a 50 day moving average of $204.55 and a 200 day moving average of $202.67. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.32. The stock has a market cap of $54.59 billion, a P/E ratio of 6.75, a P/E/G ratio of 0.38 and a beta of 0.25. The Allstate Corporation has a 12 month low of $176.00 and a 12 month high of $215.89.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, beating analysts’ consensus estimates of $5.48 by $5.69. The firm had revenue of $17.26 billion during the quarter, compared to analyst estimates of $16.59 billion. Allstate had a net margin of 12.53% and a return on equity of 35.42%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.91 EPS. As a group, sell-side analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, December 1st. Allstate’s dividend payout ratio is currently 12.95%.

Insider Buying and Selling at Allstate

In other news, insider Suren Gupta sold 3,786 shares of Allstate stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $215.13, for a total transaction of $814,482.18. Following the completion of the sale, the insider owned 100,646 shares in the company, valued at approximately $21,651,973.98. This trade represents a 3.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 28,807 shares of company stock valued at $6,198,726. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ALL shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $215.00 price target (down previously from $245.00) on shares of Allstate in a research report on Tuesday, December 16th. Zacks Research downgraded shares of Allstate from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. William Blair downgraded shares of Allstate from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Wall Street Zen lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Mizuho started coverage on shares of Allstate in a report on Monday, December 15th. They issued an “outperform” rating and a $254.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and a consensus target price of $236.93.

About Allstate

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.