The Allstate Corporation $ALL Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its position in shares of The Allstate Corporation (NYSE:ALL) by 3.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,004 shares of the insurance provider’s stock after selling 2,014 shares during the quarter. ProShare Advisors LLC’s holdings in Allstate were worth $13,312,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Gables Capital Management Inc. bought a new stake in Allstate in the second quarter valued at approximately $26,000. Kelleher Financial Advisors bought a new position in shares of Allstate during the second quarter worth $28,000. Allied Private Wealth LLC bought a new position in shares of Allstate during the second quarter worth $29,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Allstate during the first quarter worth $30,000. Finally, Highland Investment Advisors LLC acquired a new position in shares of Allstate in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Cantor Fitzgerald upped their price objective on shares of Allstate from $236.00 to $242.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Wells Fargo & Company raised Allstate from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $250.00 to $236.00 in a research note on Monday, October 12th. Mizuho reduced their target price on Allstate from $300.00 to $295.00 and set an “outperform” rating on the stock in a report on Wednesday, October 7th. Wall Street Zen cut Allstate from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 25th. Finally, Zacks Research downgraded Allstate from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 15th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Allstate has a consensus rating of “Hold” and an average target price of $270.19.

Insiders Place Their Bets

In related news, COO Mario Rizzo sold 56,225 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the sale, the chief operating officer directly owned 82,227 shares in the company, valued at $21,747,396.96. This trade represents a 40.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Dugenske sold 32,996 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the completion of the sale, the insider directly owned 13,054 shares in the company, valued at $3,515,833.82. This represents a 71.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.55% of the company’s stock.

Allstate Stock Performance

Shares of ALL opened at $261.55 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36. The Allstate Corporation has a twelve month low of $191.13 and a twelve month high of $277.22. The firm’s 50 day moving average price is $245.62 and its two-hundred day moving average price is $228.78. The firm has a market cap of $66.14 billion, a P/E ratio of 5.22, a PEG ratio of 0.58 and a beta of 0.13.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, beating the consensus estimate of $6.06 by $2.93. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The company had revenue of $18.60 billion during the quarter, compared to analysts’ expectations of $15.46 billion. During the same quarter in the prior year, the company earned $5.94 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, analysts forecast that The Allstate Corporation will post 36.21 EPS for the current fiscal year.

Allstate Company Profile

Allstate Corp. (NYSE: ALL) is an insurance company that provides protection products and related services primarily in the United States. Its offerings include automobile, homeowners, renters, condominium, motorcycle and other personal property and casualty insurance, distributed through agents, brokers, direct channels and digital platforms.

The company also provides roadside assistance, identity-protection services and protection plans for consumer products. Through its acquisition of National General, Allstate expanded its presence in independent-agent distribution and specialty personal insurance.