Kestra Private Wealth Services LLC Increases Position in The Allstate Co. (NYSE:ALL)

Kestra Private Wealth Services LLC boosted its stake in The Allstate Co. (NYSE:ALL) by 12.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,364 shares of the insurance provider’s stock after acquiring an additional 1,569 shares during the period. Kestra Private Wealth Services LLC’s holdings in Allstate were worth $2,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALL. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Allstate in the third quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Allstate during the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC raised its stake in shares of Allstate by 152.7% during the 4th quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock worth $39,000 after buying an additional 168 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in shares of Allstate in the 4th quarter valued at approximately $43,000. Finally, Planned Solutions Inc. purchased a new stake in shares of Allstate in the fourth quarter valued at approximately $53,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of the sale, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the sale, the chief accounting officer now directly owns 10,736 shares in the company, valued at approximately $1,712,069.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the sale, the insider now directly owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Allstate Stock Down 1.4 %

Shares of NYSE ALL opened at $169.18 on Friday. The firm’s 50 day moving average price is $165.88 and its 200 day moving average price is $150.65. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $44.51 billion, a P/E ratio of -136.44, a price-to-earnings-growth ratio of 0.41 and a beta of 0.51. The Allstate Co. has a 1 year low of $100.57 and a 1 year high of $177.37.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $1.02. The business had revenue of $15.26 billion for the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned ($1.30) earnings per share. As a group, sell-side analysts anticipate that The Allstate Co. will post 13.83 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.92 dividend. This is a boost from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date was Friday, March 1st. This represents a $3.68 annualized dividend and a yield of 2.18%. Allstate’s payout ratio is -296.77%.

Wall Street Analysts Forecast Growth

ALL has been the subject of a number of recent analyst reports. TheStreet raised Allstate from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Jefferies Financial Group upgraded shares of Allstate from a “hold” rating to a “buy” rating and upped their target price for the stock from $130.00 to $180.00 in a research report on Tuesday, January 9th. TD Cowen assumed coverage on shares of Allstate in a research report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 price target for the company. Wells Fargo & Company boosted their price target on Allstate from $145.00 to $146.00 and gave the stock an “underweight” rating in a research note on Thursday, April 11th. Finally, Evercore ISI raised their price objective on Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and an average target price of $174.18.

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.