Pacer Advisors Inc. decreased its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 56.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,482 shares of the insurance provider's stock after selling 17,145 shares during the period. Pacer Advisors Inc.'s holdings in Allstate were worth $2,792,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hughes Financial Services LLC acquired a new position in Allstate during the 1st quarter worth approximately $28,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Allstate in the fourth quarter worth approximately $29,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Allstate in the fourth quarter worth approximately $40,000. Mattson Financial Services LLC purchased a new stake in shares of Allstate in the fourth quarter worth approximately $44,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Allstate during the first quarter valued at approximately $54,000. Institutional investors own 76.47% of the company's stock.
Allstate Trading Down 1.7%
Allstate stock traded down $3.54 during midday trading on Friday, reaching $199.71. The stock had a trading volume of 2,041,482 shares, compared to its average volume of 1,619,968. The company has a quick ratio of 0.40, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The Allstate Corporation has a 52-week low of $168.36 and a 52-week high of $213.18. The firm has a market cap of $52.63 billion, a price-to-earnings ratio of 9.39, a price-to-earnings-growth ratio of 1.06 and a beta of 0.35. The company has a fifty day moving average of $198.37 and a 200 day moving average of $197.20.
Allstate (NYSE:ALL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, topping analysts' consensus estimates of $3.20 by $2.74. The business had revenue of $15.05 billion for the quarter, compared to analyst estimates of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $1.61 earnings per share. On average, analysts anticipate that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.
Allstate Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. Allstate's payout ratio is currently 27.32%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on ALL. Wells Fargo & Company decreased their price target on Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. UBS Group increased their price objective on Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Keefe, Bruyette & Woods increased their price objective on Allstate from $235.00 to $237.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Barclays reaffirmed an "underweight" rating and issued a $198.00 price target (up from $188.00) on shares of Allstate in a report on Thursday. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and issued a $250.00 price target (up from $240.00) on shares of Allstate in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.40.
Read Our Latest Research Report on Allstate
Allstate Company Profile
(
Free Report)
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.
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