Jones Financial Companies Lllp Has $40.49 Million Stock Position in The Allstate Corporation $ALL

Jones Financial Companies Lllp lifted its stake in shares of The Allstate Corporation (NYSE:ALL) by 6.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 189,718 shares of the insurance provider’s stock after purchasing an additional 12,225 shares during the quarter. Jones Financial Companies Lllp’s holdings in Allstate were worth $40,489,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Avantax Advisory Services Inc. increased its stake in shares of Allstate by 3.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 23,573 shares of the insurance provider’s stock valued at $4,745,000 after acquiring an additional 704 shares in the last quarter. Truist Financial Corp grew its holdings in Allstate by 4.7% in the third quarter. Truist Financial Corp now owns 123,461 shares of the insurance provider’s stock worth $26,501,000 after purchasing an additional 5,542 shares during the period. Knights of Columbus Asset Advisors LLC increased its stake in Allstate by 3.8% in the second quarter. Knights of Columbus Asset Advisors LLC now owns 53,802 shares of the insurance provider’s stock valued at $10,831,000 after purchasing an additional 1,959 shares in the last quarter. Commonwealth Retirement Investments LLC raised its holdings in shares of Allstate by 103.5% during the second quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock valued at $2,609,000 after purchasing an additional 6,590 shares during the period. Finally, Davis Capital Management bought a new position in shares of Allstate during the 3rd quarter worth about $2,767,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Price Performance

Shares of NYSE:ALL 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 stock’s fifty day simple moving average is $204.33 and its two-hundred day simple moving average is $203.53. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $215.89. The stock 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.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.48 by $5.69. The firm had revenue of $17.26 billion during the quarter, compared to analyst estimates of $16.59 billion. Allstate had a net margin of 12.53% and a return on equity of 35.42%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.91 EPS. As a group, analysts forecast that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Announces Dividend

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

Insider Activity at Allstate

In other news, insider Suren Gupta sold 21,871 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $215.21, for a total value of $4,706,857.91. Following the transaction, the insider owned 100,646 shares in the company, valued at $21,660,025.66. The trade was a 17.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 48,400 shares of company stock worth $10,313,256. 1.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on ALL shares. BMO Capital Markets boosted their target price on Allstate from $235.00 to $244.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Zacks Research lowered Allstate from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. JPMorgan Chase & Co. boosted their price target on shares of Allstate from $254.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. TD Cowen lowered shares of Allstate from a “buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Allstate from $216.00 to $223.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $236.19.

About Allstate

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.