The Allstate Corporation $ALL Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC raised its holdings in shares of The Allstate Corporation (NYSE:ALL) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,504 shares of the insurance provider’s stock after acquiring an additional 2,319 shares during the period. ProShare Advisors LLC’s holdings in Allstate were worth $13,218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Navalign LLC acquired a new position in shares of Allstate during the fourth quarter valued at $27,000. Dorato Capital Management acquired a new stake in Allstate in the fourth quarter worth about $27,000. Palisade Asset Management LLC bought a new position in Allstate in the 3rd quarter valued at about $31,000. Princeton Global Asset Management LLC grew its position in Allstate by 101.3% in the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after buying an additional 76 shares in the last quarter. Finally, South Plains Financial Inc. increased its stake in Allstate by 41.5% during the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock valued at $36,000 after buying an additional 49 shares during the period. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Down 1.2%

NYSE ALL opened at $221.95 on Thursday. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $227.62. The company has a market capitalization of $57.13 billion, a P/E ratio of 4.90, a PEG ratio of 0.40 and a beta of 0.21. The company’s 50 day simple moving average is $211.90 and its 200 day simple moving average is $207.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.31 by $3.34. The firm had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.53 earnings per share. Equities research analysts expect that The Allstate Corporation will post 29.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Allstate

In related news, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the transaction, the chief operating officer directly owned 82,227 shares in the company, valued at $17,991,267.60. The trade was a 18.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ALL shares. Keefe, Bruyette & Woods upped their price target on shares of Allstate from $260.00 to $266.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Mizuho dropped their target price on Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Cantor Fitzgerald restated a “neutral” rating and issued a $220.00 target price on shares of Allstate in a research report on Thursday, February 5th. Wall Street Zen lowered Allstate from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Barclays boosted their price objective on Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.67.

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.