Jones Financial Companies Lllp Buys 12,225 Shares of The Allstate Corporation $ALL

Jones Financial Companies Lllp boosted its stake in The Allstate Corporation (NYSE:ALL) by 6.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 189,718 shares of the insurance provider’s stock after buying an additional 12,225 shares during the period. Jones Financial Companies Lllp owned approximately 0.07% of Allstate worth $40,489,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ALL. Harbor Capital Advisors Inc. grew its position in shares of Allstate by 79.7% in the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Barnes Dennig Private Wealth Management LLC boosted its stake in Allstate by 112.3% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 73 shares during the period. Clearstead Trust LLC grew its holdings in Allstate by 3,800.0% in the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after buying an additional 152 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in Allstate by 315.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider’s stock worth $33,000 after buying an additional 126 shares during the period. Finally, Hilltop National Bank acquired a new stake in shares of Allstate during the second quarter worth $34,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on ALL. Evercore ISI set a $225.00 price target on shares of Allstate in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods increased their target price on shares of Allstate from $250.00 to $254.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. raised their target price on shares of Allstate from $254.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Wells Fargo & Company boosted their price target on Allstate from $216.00 to $223.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Finally, Mizuho set a $255.00 price objective on Allstate in a research note on Wednesday, January 14th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and an average price target of $236.19.

Insiders Place Their Bets

In other Allstate news, insider Suren Gupta sold 19,593 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the completion of the transaction, the insider owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. The trade was a 16.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 48,400 shares of company stock valued at $10,313,256 over the last quarter. Company insiders own 1.70% of the company’s stock.

Allstate Stock Performance

Shares of Allstate stock opened at $200.79 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.32. The company has a market cap of $52.54 billion, a PE ratio of 6.50, a price-to-earnings-growth ratio of 0.43 and a beta of 0.24. The company has a 50 day moving average of $204.33 and a 200-day moving average of $203.53. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $215.89.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, beating the consensus estimate of $5.48 by $5.69. Allstate had a net margin of 12.53% and a return on equity of 35.42%. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the previous year, the business earned $3.91 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, December 1st. Allstate’s dividend payout ratio is currently 12.95%.

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.