The Allstate Corporation $ALL Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its stake in shares of The Allstate Corporation (NYSE:ALL) by 16.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 33,944 shares of the insurance provider’s stock after buying an additional 4,870 shares during the period. Kestra Advisory Services LLC’s holdings in Allstate were worth $7,038,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. MV Capital Management Inc. purchased a new position in Allstate during the fourth quarter valued at approximately $25,000. Dorato Capital Management purchased a new stake in Allstate in the 4th quarter worth approximately $27,000. Navalign LLC purchased a new stake in Allstate in the 4th quarter worth approximately $27,000. Evolution Wealth Management Inc. grew its stake in shares of Allstate by 7,000.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 140 shares during the period. Finally, Palisade Asset Management LLC purchased a new position in shares of Allstate during the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Transactions at Allstate

In other 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 completion of the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at $17,991,267.60. The trade was a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Q. Prindiville sold 1,550 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $216.27, for a total transaction of $335,218.50. Following the transaction, the insider owned 27,558 shares of the company’s stock, valued at approximately $5,959,968.66. This trade represents a 5.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,353 shares of company stock valued at $4,851,560 over the last 90 days. Corporate insiders own 1.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Allstate from $263.00 to $282.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group cut shares of Allstate from a “buy” rating to a “neutral” rating and set a $261.00 price objective for the company. in a report on Wednesday. Wall Street Zen downgraded shares of Allstate from a “buy” rating to a “hold” rating in a research report on Sunday. Wells Fargo & Company increased their target price on shares of Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley raised their target price on Allstate from $215.00 to $240.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and a consensus target price of $249.58.

Allstate Trading Down 2.4%

Shares of NYSE:ALL opened at $250.19 on Wednesday. The Allstate Corporation has a 1 year low of $188.08 and a 1 year high of $257.67. The firm has a market capitalization of $64.41 billion, a price-to-earnings ratio of 5.52, a price-to-earnings-growth ratio of 0.45 and a beta of 0.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The business’s 50 day moving average price is $225.57 and its 200-day moving average price is $213.66.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping the consensus estimate of $7.31 by $3.34. The company had revenue of $16.94 billion during the quarter, compared to analyst estimates of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.53 EPS. On average, equities research analysts forecast that The Allstate Corporation will post 29.99 earnings per share for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be given a $1.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $4.32 annualized dividend and a dividend yield of 1.7%. Allstate’s dividend payout ratio (DPR) is 9.53%.

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.