Jones Financial Companies Lllp Sells 51,988 Shares of The Allstate Corporation $ALL

by · The Markets Daily

Jones Financial Companies Lllp reduced its stake in The Allstate Corporation (NYSE:ALL – Free Report) by 42.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 71,803 shares of the insurance provider’s stock after selling 51,988 shares during the period. Jones Financial Companies Lllp’s holdings in Allstate were worth $13,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after acquiring an additional 2,443 shares during the period. Revolve Wealth Partners LLC bought a new stake in shares of Allstate during the fourth quarter worth approximately $231,000. Jefferies Financial Group Inc. grew its position in shares of Allstate by 339.6% in the fourth quarter. Jefferies Financial Group Inc. now owns 7,609 shares of the insurance provider’s stock valued at $1,467,000 after purchasing an additional 5,878 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Allstate by 4.7% during the fourth quarter. Janus Henderson Group PLC now owns 33,832 shares of the insurance provider’s stock worth $6,523,000 after purchasing an additional 1,517 shares during the period. Finally, Investor s Fiduciary Advisor Network LLC bought a new position in shares of Allstate during the fourth quarter worth approximately $542,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Ratings Changes

ALL has been the subject of several recent research reports. Citigroup raised Allstate to a “hold” rating in a report on Wednesday, August 13th. UBS Group boosted their target price on shares of Allstate from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Cantor Fitzgerald raised shares of Allstate to a “hold” rating in a research report on Wednesday, August 13th. BMO Capital Markets lifted their price objective on shares of Allstate from $230.00 to $235.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Finally, Barclays reissued an “underweight” rating and issued a $198.00 price objective (up previously from $188.00) on shares of Allstate in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.21.

Get Our Latest Research Report on Allstate

Allstate Stock Down 0.6%

ALL stock opened at $200.41 on Tuesday. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $214.76. The business has a 50-day simple moving average of $200.70 and a 200 day simple moving average of $200.21. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The company has a market cap of $52.81 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.81 and a beta of 0.37.

Allstate (NYSE:ALL – Get Free Report) last released its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, beating the consensus estimate of $3.20 by $2.74. The firm 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 business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $1.61 EPS. Sell-side analysts anticipate that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 29th. Allstate’s payout ratio is currently 18.81%.

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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