Pacer Advisors Inc. Boosts Stake in The Allstate Co. (NYSE:ALL)

Pacer Advisors Inc. boosted its stake in shares of The Allstate Co. (NYSE:ALLGet Rating) by 58.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 24,563 shares of the insurance provider’s stock after buying an additional 9,029 shares during the quarter. Pacer Advisors Inc.’s holdings in Allstate were worth $3,402,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC purchased a new position in shares of Allstate during the 4th quarter valued at about $29,000. Chilton Capital Management LLC bought a new stake in Allstate during the 4th quarter worth approximately $35,000. Concorde Financial Corp purchased a new position in Allstate during the fourth quarter valued at approximately $36,000. Lindbrook Capital LLC boosted its position in shares of Allstate by 79.1% in the fourth quarter. Lindbrook Capital LLC now owns 335 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 148 shares during the period. Finally, Horan Securities Inc. purchased a new stake in shares of Allstate in the fourth quarter worth $40,000. 75.84% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Thomas J. Wilson sold 142,000 shares of the stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $133.39, for a total value of $18,941,380.00. Following the sale, the chief executive officer now directly owns 99,828 shares in the company, valued at $13,316,056.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.77% of the company’s stock.

Several brokerages recently weighed in on ALL. Barclays upped their target price on shares of Allstate from $119.00 to $141.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 12th. StockNews.com initiated coverage on Allstate in a research note on Thursday, March 31st. They issued a “hold” rating for the company. The Goldman Sachs Group upgraded Allstate from a “sell” rating to a “buy” rating and upped their price target for the stock from $111.00 to $142.00 in a research note on Wednesday, March 2nd. Piper Sandler cut their price objective on shares of Allstate from $150.00 to $147.00 and set an “overweight” rating for the company in a report on Friday, April 22nd. Finally, Credit Suisse Group assumed coverage on shares of Allstate in a report on Thursday, April 28th. They issued an “outperform” rating and a $188.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.75.

Shares of NYSE:ALL opened at $121.81 on Friday. The company has a 50-day moving average price of $129.74 and a 200 day moving average price of $126.44. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.38. The Allstate Co. has a 12 month low of $106.11 and a 12 month high of $144.46. The company has a market cap of $33.50 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 2.46 and a beta of 0.82.

Allstate (NYSE:ALLGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The insurance provider reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.79 by ($0.21). Allstate had a net margin of 7.20% and a return on equity of 12.50%. The company had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $11.14 billion. During the same period in the previous year, the business earned $6.11 earnings per share. Allstate’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts forecast that The Allstate Co. will post 9.14 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 3rd will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, June 2nd. This represents a $3.40 annualized dividend and a dividend yield of 2.79%. Allstate’s dividend payout ratio (DPR) is presently 28.48%.

Allstate Profile (Get Rating)

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.

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Institutional Ownership by Quarter for Allstate (NYSE:ALL)

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