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

Pacer Advisors Inc. boosted its holdings in shares of The Allstate Corporation (NYSE:ALL) by 16.2% during the fourth quarter, Holdings Channel reports. The firm owned 32,301 shares of the insurance provider’s stock after acquiring an additional 4,494 shares during the quarter. Pacer Advisors Inc.’s holdings in Allstate were worth $6,723,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALL. MV Capital Management Inc. purchased a new position in shares of Allstate during the fourth quarter valued at approximately $25,000. Dorato Capital Management purchased a new stake in Allstate in the fourth quarter worth $27,000. Navalign LLC purchased a new stake in Allstate in the fourth quarter worth $27,000. Princeton Global Asset Management LLC boosted its holdings in Allstate by 101.3% in the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 76 shares in the last quarter. Finally, Palisade Asset Management LLC bought a new stake in Allstate in the third quarter valued at $31,000. Institutional investors own 76.47% of the company’s stock.

Insiders Place Their Bets

In other news, insider Mark Q. Prindiville sold 1,550 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $216.27, for a total transaction of $335,218.50. Following the sale, the insider owned 27,558 shares of the company’s stock, valued at $5,959,968.66. This trade represents a 5.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the completion of the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at $17,991,267.60. This represents a 18.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 22,353 shares of company stock valued at $4,851,560. 1.55% of the stock is owned by insiders.

Allstate Stock Performance

Shares of ALL opened at $220.72 on Monday. The business’s fifty day simple moving average is $215.95 and its two-hundred day simple moving average is $209.23. The company has a current ratio of 0.36, a quick 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 company has a market cap of $56.82 billion, a price-to-earnings ratio of 4.87, a P/E/G ratio of 0.39 and a beta of 0.19.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The business had revenue of $16.94 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same quarter last year, the company earned $3.53 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts anticipate that The Allstate Corporation will post 29.55 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a $1.08 dividend. 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%.

Wall Street Analyst Weigh In

Several brokerages have commented on ALL. Wells Fargo & Company upped their price objective on shares of Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Zacks Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Wall Street Zen cut shares of Allstate from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Citigroup lifted their price objective on Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $231.00 target price on shares of Allstate in a report on Thursday, March 5th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $240.33.

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.