ProShare Advisors LLC Sells 3,700 Shares of The Allstate Corporation $ALL

ProShare Advisors LLC cut its stake in shares of The Allstate Corporation (NYSE:ALL) by 5.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,587 shares of the insurance provider’s stock after selling 3,700 shares during the quarter. ProShare Advisors LLC’s holdings in Allstate were worth $13,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Allstate by 0.5% in the first quarter. Vanguard Group Inc. now owns 32,800,086 shares of the insurance provider’s stock worth $6,791,914,000 after purchasing an additional 164,662 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Allstate by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock valued at $2,424,710,000 after buying an additional 2,374,684 shares during the last quarter. GQG Partners LLC boosted its position in Allstate by 2.1% during the 1st quarter. GQG Partners LLC now owns 4,405,701 shares of the insurance provider’s stock valued at $912,288,000 after buying an additional 89,185 shares during the period. Boston Partners grew its holdings in Allstate by 613.9% in the 1st quarter. Boston Partners now owns 2,482,654 shares of the insurance provider’s stock worth $512,627,000 after acquiring an additional 2,134,893 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Allstate by 27.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider’s stock worth $482,073,000 after acquiring an additional 497,982 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Performance

Shares of ALL opened at $207.28 on Wednesday. The company has a 50-day simple moving average of $201.95 and a two-hundred day simple moving average of $201.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market capitalization of $54.24 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35. The Allstate Corporation has a one year low of $176.00 and a one year high of $215.70.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, topping analysts’ consensus estimates of $5.48 by $5.69. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.91 EPS. On average, analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Evercore ISI set a $233.00 price objective on shares of Allstate and gave the company an “in-line” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. boosted their price target on Allstate from $254.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Wall Street Zen cut Allstate from a “strong-buy” rating to a “buy” rating in a report on Saturday. BMO Capital Markets lifted their price objective on Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Jefferies Financial Group boosted their target price on Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and an average target price of $237.13.

Allstate Profile

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.