Kingswood Wealth Advisors LLC Sells 73 Shares of The Allstate Co. (NYSE:ALL)

Kingswood Wealth Advisors LLC lessened its position in The Allstate Co. (NYSE:ALL) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,609 shares of the insurance provider’s stock after selling 73 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Allstate were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Private Wealth Management Group LLC bought a new position in Allstate in the fourth quarter valued at $25,000. Rise Advisors LLC bought a new position in Allstate in the first quarter valued at $26,000. Northwest Investment Counselors LLC bought a new position in shares of Allstate during the first quarter valued at about $26,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Allstate during the fourth quarter valued at about $36,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Allstate by 152.7% during the fourth quarter. Venturi Wealth Management LLC now owns 278 shares of the insurance provider’s stock valued at $39,000 after buying an additional 168 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ALL shares. Morgan Stanley raised their price objective on Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Wells Fargo & Company raised their price objective on Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a research note on Friday, May 10th. 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. The Goldman Sachs Group raised their target price on Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Finally, Roth Mkm raised their target price on Allstate from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Allstate has a consensus rating of “Moderate Buy” and a consensus price target of $174.88.

Allstate Price Performance

ALL stock opened at $159.66 on Friday. The firm has a 50 day moving average price of $165.87 and a 200-day moving average price of $159.96. The Allstate Co. has a 52-week low of $100.57 and a 52-week high of $177.37. The firm has a market capitalization of $42.14 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.86 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36.

Allstate (NYSE:ALL) last released its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The firm had revenue of $15.26 billion during the quarter, compared to analyst estimates of $12.76 billion. During the same period last year, the business earned ($1.30) earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. Equities research analysts forecast that The Allstate Co. will post 12.15 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, May 31st will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.68 annualized dividend and a dividend yield of 2.30%. Allstate’s payout ratio is 81.24%.

Allstate Company 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.