The Allstate Corporation $ALL Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its stake in The Allstate Corporation (NYSE:ALL) by 10.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,292 shares of the insurance provider’s stock after acquiring an additional 2,373 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Allstate were worth $5,244,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. MV Capital Management Inc. acquired a new position in shares of Allstate in the 4th quarter valued at $25,000. Dorato Capital Management acquired a new stake in Allstate during the fourth quarter valued at $27,000. Navalign LLC purchased a new position in Allstate in the fourth quarter valued at $27,000. Princeton Global Asset Management LLC increased its holdings 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 buying an additional 76 shares in the last quarter. Finally, Palisade Asset Management LLC acquired a new position in shares of Allstate in the third quarter worth about $31,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

NYSE:ALL opened at $239.77 on Friday. The stock has a 50 day moving average of $217.68 and a two-hundred day moving average of $210.10. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $240.16. The firm has a market cap of $61.72 billion, a P/E ratio of 5.29, a price-to-earnings-growth ratio of 0.41 and a beta of 0.18. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, beating the consensus estimate of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The business had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same quarter last year, the business posted $3.53 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts expect that The Allstate Corporation will post 29.75 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Allstate’s payout ratio is 9.53%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ALL. The Goldman Sachs Group restated a “neutral” rating and set a $231.00 target price on shares of Allstate in a research report on Thursday, March 5th. Wall Street Zen downgraded Allstate from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Citigroup raised their price objective on Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Keefe, Bruyette & Woods downgraded Allstate from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $266.00 to $242.00 in a research note on Monday, June 8th. Finally, Mizuho dropped their price target on shares of Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and a consensus target price of $240.33.

Insider Transactions at Allstate

In related news, COO Mario Rizzo sold 18,578 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $218.80, for a total transaction 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. The trade was a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Andrea Redmond sold 2,225 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $202.91, for a total transaction of $451,474.75. Following the sale, the director directly owned 2,225 shares of the company’s stock, valued at approximately $451,474.75. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,353 shares of company stock valued at $4,851,560 over the last 90 days. 1.55% of the stock is currently owned by corporate insiders.

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.