Kingswood Wealth Advisors LLC Has $448,000 Stake in The Allstate Co. (NYSE:ALL)

Kingswood Wealth Advisors LLC boosted its holdings in The Allstate Co. (NYSE:ALL) by 3.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,321 shares of the insurance provider’s stock after acquiring an additional 72 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Allstate were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in Allstate in the 3rd quarter worth about $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate in the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Allstate in the 3rd quarter valued at $29,000. Peoples Bank KS acquired a new stake in shares of Allstate in the 4th quarter valued at $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Allstate in the 3rd quarter valued at $58,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Performance

ALL stock opened at $193.80 on Friday. The stock has a 50-day moving average price of $194.33 and a 200-day moving average price of $188.10. The Allstate Co. has a 1-year low of $153.42 and a 1-year high of $209.88. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The firm has a market cap of $51.32 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.41 and a beta of 0.52.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period last year, the company posted $0.81 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts expect that The Allstate Co. will post 16.83 earnings per share for the current year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ALL shares. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Raymond James raised their target price on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. Bank of America raised their price objective on Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 18th. Morgan Stanley raised their price objective on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets raised their price objective on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

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.