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

Kingswood Wealth Advisors LLC grew its position in The Allstate Co. (NYSE:ALL) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,321 shares of the insurance provider’s stock after purchasing an additional 72 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Allstate were worth $448,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. PFG Investments LLC raised its holdings in Allstate by 4.5% in the fourth quarter. PFG Investments LLC now owns 6,069 shares of the insurance provider’s stock worth $1,170,000 after purchasing an additional 264 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Allstate in the fourth quarter worth $70,000. Harrell Investment Partners LLC raised its holdings in shares of Allstate by 2.8% during the fourth quarter. Harrell Investment Partners LLC now owns 8,808 shares of the insurance provider’s stock worth $1,698,000 after acquiring an additional 244 shares during the period. Guerra Pan Advisors LLC acquired a new stake in shares of Allstate during the fourth quarter worth $651,000. Finally, Duncan Williams Asset Management LLC acquired a new stake in shares of Allstate during the fourth quarter worth $270,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALL has been the topic of a number of research analyst reports. Piper Sandler raised their price objective on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Morgan Stanley raised their price objective on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Raymond James raised their price objective on shares of Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company raised their price objective on shares of Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and a consensus price target of $218.13.

Allstate Stock Performance

Shares of ALL opened at $193.80 on Friday. The firm has a 50-day moving average of $194.33 and a 200-day moving average of $188.10. The Allstate Co. has a one year low of $153.42 and a one year high of $209.88. The company 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. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

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

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Friday, November 29th. Allstate’s payout ratio is 23.83%.

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.