Kestra Advisory Services LLC Has $3.43 Million Stock Position in The Allstate Corporation $ALL

Key Points

• Kestra Advisory Services LLC reduced its stake in The Allstate Corporation by 9.0% in the first quarter, holding a total of 16,566 shares worth $3.43 million.
• Allstate has an average consensus rating of "Moderate Buy" among analysts, with a consensus price target of $230.73.
• The company recently announced a quarterly dividend of $1.00 per share, translating to a 2.0% dividend yield for stockholders.

Kestra Advisory Services LLC decreased its stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 9.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,566 shares of the insurance provider's stock after selling 1,635 shares during the quarter. Kestra Advisory Services LLC's holdings in Allstate were worth $3,430,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Hughes Financial Services LLC acquired a new position in shares of Allstate during the 1st quarter worth approximately $28,000. Kapitalo Investimentos Ltda acquired a new position in shares of Allstate during the 4th quarter worth approximately $29,000. Meeder Asset Management Inc. increased its holdings in shares of Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider's stock worth $39,000 after acquiring an additional 99 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Allstate during the 1st quarter worth approximately $43,000. Finally, Mattson Financial Services LLC acquired a new position in shares of Allstate during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ALL. William Blair began coverage on Allstate in a report on Friday, June 6th. They set a "sector outperform" rating on the stock. Barclays reissued an "underweight" rating and set a $198.00 target price (up from $188.00) on shares of Allstate in a report on Thursday, July 31st. Citigroup raised Allstate to a "hold" rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods boosted their price target on Allstate from $237.00 to $246.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Finally, Evercore ISI boosted their price target on Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Allstate currently has a consensus rating of "Moderate Buy" and a consensus price target of $230.73.

Allstate Stock Performance

ALL opened at $203.85 on Thursday. The business has a fifty day simple moving average of $199.48 and a 200 day simple moving average of $199.24. The company has a market capitalization of $53.72 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 0.82 and a beta of 0.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $214.76.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, beating analysts' consensus estimates of $3.20 by $2.74. The firm had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The company's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.61 EPS. Research analysts expect that The Allstate Corporation will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 29th. Allstate's dividend payout ratio is presently 18.81%.

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.

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