Jump Financial LLC Has $1.20 Million Stake in The Allstate Co. (NYSE:ALL)

Jump Financial LLC trimmed its position in The Allstate Co. (NYSE:ALL - Free Report) by 94.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,236 shares of the insurance provider's stock after selling 98,138 shares during the quarter. Jump Financial LLC's holdings in Allstate were worth $1,202,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ALL. JPMorgan Chase & Co. lifted its position in shares of Allstate by 5.2% in the third quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider's stock worth $109,605,000 after purchasing an additional 28,584 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of Allstate by 117.3% during the fourth quarter. Ameritas Advisory Services LLC now owns 4,896 shares of the insurance provider's stock worth $944,000 after acquiring an additional 2,643 shares in the last quarter. Hennessy Advisors Inc. raised its holdings in shares of Allstate by 6.9% during the fourth quarter. Hennessy Advisors Inc. now owns 58,600 shares of the insurance provider's stock worth $11,297,000 after acquiring an additional 3,800 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in Allstate by 10.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 508,664 shares of the insurance provider's stock valued at $98,065,000 after purchasing an additional 48,382 shares during the last quarter. Finally, Artemis Investment Management LLP grew its stake in Allstate by 33.3% in the fourth quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider's stock valued at $77,413,000 after purchasing an additional 100,311 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of the transaction, the chief financial officer now directly owns 18,115 shares of the company's stock, valued at approximately $3,378,990.95. This represents a 68.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.80% of the company's stock.

Allstate Stock Performance

Shares of ALL traded down $1.84 during trading hours on Friday, reaching $193.02. 1,156,082 shares of the company traded hands, compared to its average volume of 1,614,302. The Allstate Co. has a 1-year low of $156.66 and a 1-year high of $212.91. The stock has a market cap of $51.16 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 1.01 and a beta of 0.36. The stock's fifty day moving average is $197.62 and its 200 day moving average is $194.56. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.40 and a current ratio of 0.36.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, beating the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. Equities research analysts anticipate that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the insurance provider to repurchase up to 3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Allstate's previous quarterly dividend of $0.92. Allstate's payout ratio is 23.54%.

Wall Street Analysts Forecast Growth

ALL has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price target on shares of Allstate from $240.00 to $228.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Barclays decreased their price objective on shares of Allstate from $183.00 to $172.00 and set an "underweight" rating for the company in a report on Friday, April 11th. StockNews.com lowered Allstate from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Finally, Argus upgraded Allstate from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $219.27.

About Allstate

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.