Kestra Advisory Services LLC Acquires 3,752 Shares of The Allstate Corporation $ALL

Kestra Advisory Services LLC grew its stake in The Allstate Corporation (NYSE:ALL) by 11.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,302 shares of the insurance provider’s stock after acquiring an additional 3,752 shares during the quarter. Kestra Advisory Services LLC’s holdings in Allstate were worth $8,276,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ALL. Strategic Global Advisors LLC bought a new stake in shares of Allstate in the second quarter worth approximately $11,680,000. QRG Capital Management Inc. grew its holdings in shares of Allstate by 82.1% in the second quarter. QRG Capital Management Inc. now owns 94,687 shares of the insurance provider’s stock worth $22,427,000 after acquiring an additional 42,690 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in Allstate during the second quarter valued at $6,861,000. Bank of America Corp DE purchased a new position in Allstate in the second quarter worth about $1,410,362,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Allstate during the 3rd quarter valued at about $14,072,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Bank of America raised their price objective on shares of Allstate from $336.00 to $340.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Argus set a $238.00 price objective on Allstate in a research report on Friday, August 28th. HSBC cut shares of Allstate from a “buy” rating to a “hold” rating and set a $271.00 target price on the stock. in a research note on Friday, November 6th. TD Cowen lifted their target price on shares of Allstate from $231.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, September 23rd. Finally, Morgan Stanley upped their target price on shares of Allstate from $240.00 to $260.00 and gave the stock an “equal weight” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Allstate currently has a consensus rating of “Hold” and a consensus price target of $273.48.

Allstate News Roundup

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: UBS raised its price target to $283 from $275, implying about 8.3% upside from $261.31. The firm kept a neutral rating, so the higher valuation is supportive but not a bullish endorsement. UBS analyst recommendations
• Neutral Sentiment: Morgan Stanley lifted its target to $260 from $240 but maintained an equal-weight rating; its revised target is slightly below the quoted share price. Morgan Stanley analyst recommendations
• Neutral Sentiment: Allstate published Thanksgiving driving-risk findings from its Drivewise data, including a sharp increase in high-speed driving on Thanksgiving morning. The report may support brand visibility but does not indicate a direct earnings impact. Allstate Thanksgiving Driver Report
• Neutral Sentiment: Allstate CEO Tom Wilson appeared in a CNBC interview; the provided item does not specify comments likely to affect the company’s outlook. CNBC interview with Allstate CEO Tom Wilson
• Negative Sentiment: Keefe, Bruyette & Woods raised its target to $241 from $232 but retained an underperform rating, implying about 7.8% downside from $261.31. Keefe, Bruyette & Woods analyst recommendations
• Negative Sentiment: Other recent reports cited HSBC cutting Allstate to hold and price targets raised to $252 and $225—both below the quoted share price. HSBC cuts Allstate to hold Allstate price target raised to $252 Allstate price target raised to $225

Allstate Price Performance

NYSE:ALL opened at $261.31 on Wednesday. The company has a market capitalization of $64.66 billion, a P/E ratio of 5.92, a P/E/G ratio of 0.55 and a beta of 0.13. The business’s 50-day moving average is $245.83 and its 200 day moving average is $230.47. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a 12 month low of $191.13 and a 12 month high of $281.11.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $2.87. Allstate had a return on equity of 38.37% and a net margin of 16.57%. The business had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $15.87 billion. During the same period in the prior year, the firm earned $11.17 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts forecast that The Allstate Corporation will post 36.95 earnings per share for the current fiscal year.

Allstate Profile

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance. The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.