Kestra Private Wealth Services LLC Acquires 399 Shares of The Allstate Co. (NYSE:ALL)

Kestra Private Wealth Services LLC boosted its holdings in shares of The Allstate Co. (NYSE:ALL) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,696 shares of the insurance provider’s stock after purchasing an additional 399 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Allstate were worth $3,026,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ALL. Quotient Wealth Partners LLC grew its holdings in Allstate by 8.4% during the 4th quarter. Quotient Wealth Partners LLC now owns 1,149 shares of the insurance provider’s stock valued at $222,000 after buying an additional 89 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Allstate by 5.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 9,742 shares of the insurance provider’s stock worth $1,878,000 after acquiring an additional 493 shares during the last quarter. Apollon Wealth Management LLC grew its stake in Allstate by 70.5% during the fourth quarter. Apollon Wealth Management LLC now owns 10,062 shares of the insurance provider’s stock valued at $1,940,000 after acquiring an additional 4,161 shares in the last quarter. Mezzasalma Advisors LLC bought a new stake in Allstate in the 4th quarter valued at $1,565,000. Finally, Appleton Partners Inc. MA purchased a new stake in Allstate in the 4th quarter worth $259,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group raised their price objective on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Bank of America lifted their price objective on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. UBS Group increased their target price on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Finally, BMO Capital Markets increased their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Stock Performance

Allstate stock opened at $186.57 on Tuesday. The Allstate Co. has a 1-year low of $153.87 and a 1-year high of $209.88. The company’s 50-day moving average is $192.41 and its 200 day moving average is $189.19. The firm has a market capitalization of $49.40 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. Research analysts forecast that The Allstate Co. will post 18.64 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s payout ratio is presently 21.66%.

Allstate Profile

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.