Jefferies Financial Group Inc. Purchases 3,910 Shares of The Allstate Corporation $ALL

Jefferies Financial Group Inc. raised its position in The Allstate Corporation (NYSE:ALL) by 101.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,771 shares of the insurance provider’s stock after buying an additional 3,910 shares during the period. Jefferies Financial Group Inc.’s holdings in Allstate were worth $1,618,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in Allstate by 60.2% during the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after purchasing an additional 2,443 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Allstate during the 4th quarter worth approximately $231,000. WINTON GROUP Ltd acquired a new stake in shares of Allstate during the 2nd quarter worth approximately $210,000. Treasurer of the State of North Carolina grew its position in shares of Allstate by 2.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider’s stock worth $24,816,000 after buying an additional 3,051 shares during the period. Finally, Ieq Capital LLC grew its position in shares of Allstate by 20.1% during the 2nd quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider’s stock worth $7,713,000 after buying an additional 6,412 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ALL has been the subject of several analyst reports. Piper Sandler lifted their price target on shares of Allstate from $252.00 to $268.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Cantor Fitzgerald restated a “neutral” rating and issued a $220.00 price target on shares of Allstate in a research report on Thursday, February 5th. Raymond James Financial restated a “strong-buy” rating and issued a $260.00 price target on shares of Allstate in a research report on Tuesday, March 3rd. Weiss Ratings upgraded Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, March 23rd. Finally, Citigroup raised their price target on Allstate from $221.00 to $226.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $241.67.

Insider Activity at Allstate

In related news, insider Mark Q. Prindiville sold 1,550 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $216.27, for a total value of $335,218.50. Following the completion of the transaction, the insider directly owned 27,558 shares in the company, valued at approximately $5,959,968.66. The trade was a 5.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mario Rizzo sold 18,578 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $218.80, for a total value of $4,064,866.40. Following the completion of the transaction, the chief operating officer owned 82,227 shares of the company’s stock, valued at $17,991,267.60. This represents a 18.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.55% of the stock is currently owned by insiders.

Allstate Price Performance

ALL opened at $208.90 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $227.62. The company has a fifty day simple moving average of $212.66 and a 200 day simple moving average of $208.53. The stock has a market cap of $53.78 billion, a P/E ratio of 4.61, a P/E/G ratio of 0.38 and a beta of 0.21.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The business had revenue of $16.94 billion during the quarter, compared to analysts’ expectations of $15.24 billion. During the same quarter in the prior year, the company earned $3.53 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, research analysts expect that The Allstate Corporation will post 29.28 EPS for the current year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $1.08 dividend. The ex-dividend date is Monday, June 1st. This represents a $4.32 annualized dividend and a dividend yield of 2.1%. Allstate’s payout ratio is currently 9.53%.

Allstate 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.