Jefferies Financial Group Inc. Has $1.62 Million Stock Holdings in The Allstate Corporation $ALL

Jefferies Financial Group Inc. boosted its position in The Allstate Corporation (NYSE:ALL) by 101.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,771 shares of the insurance provider’s stock after purchasing an additional 3,910 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Allstate were worth $1,618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALL. Dorato Capital Management acquired a new stake in Allstate in the 4th quarter valued at approximately $27,000. Navalign LLC bought a new position in Allstate in the fourth quarter valued at $27,000. Princeton Global Asset Management LLC grew its position in Allstate by 101.3% in the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 76 shares in the last quarter. Palisade Asset Management LLC bought a new position in Allstate in the third quarter valued at $31,000. Finally, South Plains Financial Inc. grew its position in Allstate by 41.5% in the third quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

NYSE ALL opened at $208.90 on Thursday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average price is $212.66 and its two-hundred day moving average price is $208.53. The Allstate Corporation has a 1 year low of $188.08 and a 1 year high of $227.62. The firm has a market capitalization of $53.78 billion, a P/E ratio of 4.61, a price-to-earnings-growth ratio of 0.38 and a beta of 0.21.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. The firm had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.53 earnings per share. As a group, research analysts anticipate that The Allstate Corporation will post 29.28 EPS for the current year.

Allstate Announces Dividend

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

Insider Buying and Selling

In other Allstate 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 transaction of $335,218.50. Following the transaction, the insider owned 27,558 shares of the company’s stock, valued at $5,959,968.66. The trade was a 5.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the transaction, the chief operating officer directly owned 82,227 shares in the company, valued at approximately $17,991,267.60. This trade represents a 18.43% decrease in their position. The SEC filing for this sale provides additional information. 1.55% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ALL shares. Wells Fargo & Company raised their target price on shares of Allstate from $229.00 to $243.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Zacks Research cut Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Keefe, Bruyette & Woods increased their price target on Allstate from $260.00 to $266.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Raymond James Financial reissued a “strong-buy” rating and set a $260.00 price target on shares of Allstate in a research report on Tuesday, March 3rd. Finally, Citigroup increased their price target on Allstate from $221.00 to $226.00 and gave the company 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 assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.67.

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.