The Allstate Corporation $ALL Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in The Allstate Corporation (NYSE:ALL) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,504 shares of the insurance provider’s stock after purchasing an additional 2,319 shares during the period. ProShare Advisors LLC’s holdings in Allstate were worth $13,218,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Dorato Capital Management purchased a new position in shares of Allstate during the 4th quarter valued at approximately $27,000. Navalign LLC bought a new stake in shares of Allstate in the fourth quarter worth $27,000. Princeton Global Asset Management LLC raised 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. Palisade Asset Management LLC bought a new position in Allstate during the 3rd quarter valued at $31,000. Finally, South Plains Financial Inc. boosted 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 acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

In related news, COO Mario Rizzo sold 18,578 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $218.80, for a total value of $4,064,866.40. Following the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at $17,991,267.60. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.55% of the stock is currently owned by company insiders.

Allstate Trading Down 1.2%

NYSE:ALL opened at $221.95 on Thursday. The firm has a market capitalization of $57.13 billion, a P/E ratio of 4.90, a P/E/G ratio of 0.40 and a beta of 0.21. The business has a 50 day simple moving average of $211.90 and a 200 day simple moving average of $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. The Allstate Corporation has a 12-month low of $188.08 and a 12-month high of $227.62.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share 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 return on equity of 42.66% and a net margin of 17.81%.The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company earned $3.53 earnings per share. Equities research analysts predict that The Allstate Corporation will post 29.22 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on ALL shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $220.00 price objective on shares of Allstate in a report on Thursday, February 5th. Mizuho decreased their target price on Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $231.00 price target on shares of Allstate in a report on Thursday, March 5th. Barclays upped their price target on Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a research report on Wednesday, April 8th. Finally, Zacks Research cut Allstate from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Allstate presently has an average rating of “Moderate Buy” and a consensus target price of $241.67.

Allstate Company 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.