Kestra Private Wealth Services LLC Buys 5,340 Shares of The Allstate Corporation (NYSE:ALL)

Kestra Private Wealth Services LLC increased its position in The Allstate Corporation (NYSE:ALL - Free Report) by 34.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,036 shares of the insurance provider's stock after purchasing an additional 5,340 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Allstate were worth $4,356,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hughes Financial Services LLC bought a new position in Allstate in the first quarter worth approximately $28,000. Kapitalo Investimentos Ltda purchased a new position in shares of Allstate in the 4th quarter valued at $29,000. Aster Capital Management DIFC Ltd bought a new position in shares of Allstate in the 4th quarter worth $40,000. Mattson Financial Services LLC purchased a new stake in shares of Allstate during the 4th quarter worth $44,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Allstate during the 1st quarter worth $54,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALL has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Raymond James Financial reissued a "strong-buy" rating and set a $250.00 target price (up previously from $240.00) on shares of Allstate in a research report on Monday, May 5th. UBS Group lifted their price target on shares of Allstate from $230.00 to $235.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. William Blair assumed coverage on Allstate in a research report on Friday, June 6th. They set a "sector outperform" rating on the stock. Finally, Evercore ISI raised their price objective on Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $227.07.

Allstate Stock Performance

ALL opened at $194.21 on Monday. The firm has a 50 day moving average of $200.18 and a two-hundred day moving average of $196.73. The firm has a market capitalization of $51.43 billion, a PE ratio of 13.27, a P/E/G ratio of 1.01 and a beta of 0.33. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.40. The Allstate Corporation has a 12-month low of $162.27 and a 12-month high of $213.18.

Allstate (NYSE:ALL - Get Free Report) last posted its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). The business had revenue of $14.30 billion for the quarter, compared to analyst estimates of $16.41 billion. Allstate had a net margin of 6.19% and a return on equity of 24.62%. The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.13 earnings per share. On average, analysts anticipate 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. Investors of record on Friday, August 29th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Friday, August 29th. Allstate's dividend payout ratio (DPR) is 27.32%.

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.

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