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

Kestra Private Wealth Services LLC grew its stake in The Allstate Co. (NYSE:ALL) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 institutional investors also recently bought and sold shares of ALL. Livforsakringsbolaget Skandia Omsesidigt grew its position in Allstate by 338.5% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,684 shares of the insurance provider’s stock valued at $319,000 after purchasing an additional 1,300 shares during the last quarter. Carnegie Investment Counsel purchased a new stake in shares of Allstate during the third quarter valued at approximately $224,000. Exchange Traded Concepts LLC increased its position in shares of Allstate by 6,673.1% during the third quarter. Exchange Traded Concepts LLC now owns 5,283 shares of the insurance provider’s stock valued at $1,002,000 after acquiring an additional 5,205 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Allstate in the 3rd quarter worth approximately $93,000. Finally, CX Institutional lifted its position in Allstate by 523.5% in the 3rd quarter. CX Institutional now owns 25,656 shares of the insurance provider’s stock valued at $4,866,000 after acquiring an additional 21,541 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ALL has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their price target on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Piper Sandler lifted their price objective on Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Jefferies Financial Group upped their target price on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Allstate presently has a consensus rating of “Moderate Buy” and an average target price of $218.13.

Allstate Trading Down 1.9 %

NYSE:ALL opened at $186.57 on Tuesday. The firm has a market capitalization of $49.40 billion, a price-to-earnings 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. The business has a fifty day moving average price of $192.41 and a 200-day moving average price of $189.19. The Allstate Co. has a one year low of $153.87 and a one year high of $209.88.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping 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%. Sell-side analysts forecast that The Allstate Co. will post 18.64 EPS for the current year.

Allstate Announces Dividend

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

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.