The Allstate Co. (NYSE:ALL) Receives Consensus Rating of “Hold” from Analysts

Shares of The Allstate Co. (NYSE:ALLGet Rating) have been given an average recommendation of “Hold” by the sixteen brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $143.21.

ALL has been the topic of a number of recent research reports. StockNews.com started coverage on shares of Allstate in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley lifted their price target on shares of Allstate from $140.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 14th. Piper Sandler decreased their price target on shares of Allstate from $150.00 to $147.00 and set an “overweight” rating on the stock in a research report on Friday, April 22nd. Raymond James raised shares of Allstate from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $145.00 to $165.00 in a research note on Friday, March 18th. Finally, The Goldman Sachs Group raised shares of Allstate from a “sell” rating to a “buy” rating and raised their price objective for the stock from $111.00 to $142.00 in a research note on Wednesday, March 2nd.

In other news, CAO John C. Pintozzi sold 3,000 shares of the firm’s stock in a transaction on Friday, February 25th. The shares were sold at an average price of $123.87, for a total transaction of $371,610.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.77% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ALL. Invesco Ltd. increased its holdings in shares of Allstate by 22.2% during the 4th quarter. Invesco Ltd. now owns 7,232,598 shares of the insurance provider’s stock worth $850,916,000 after purchasing an additional 1,314,237 shares during the period. Deutsche Bank AG boosted its position in shares of Allstate by 2.2% during the 4th quarter. Deutsche Bank AG now owns 4,997,180 shares of the insurance provider’s stock valued at $587,916,000 after acquiring an additional 107,977 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Allstate by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,892,174 shares of the insurance provider’s stock valued at $575,564,000 after acquiring an additional 119,586 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Allstate during the 4th quarter valued at about $560,036,000. Finally, First Trust Advisors LP boosted its position in shares of Allstate by 22.5% during the 4th quarter. First Trust Advisors LP now owns 3,660,008 shares of the insurance provider’s stock valued at $430,600,000 after acquiring an additional 672,472 shares in the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Shares of ALL stock traded up $1.98 during trading hours on Tuesday, hitting $130.94. 8,917 shares of the company were exchanged, compared to its average volume of 2,265,325. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.42 and a current ratio of 0.43. Allstate has a one year low of $106.11 and a one year high of $144.46. The business’s 50-day simple moving average is $133.80 and its two-hundred day simple moving average is $123.97. The stock has a market capitalization of $36.45 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 2.56 and a beta of 0.82.

Allstate (NYSE:ALLGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The insurance provider reported $2.58 EPS for the quarter, missing the consensus estimate of $2.79 by ($0.21). Allstate had a return on equity of 12.50% and a net margin of 7.20%. The company had revenue of $10.98 billion for the quarter, compared to the consensus estimate of $11.14 billion. During the same period in the previous year, the business posted $6.11 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Allstate will post 9.69 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Monday, February 28th were issued a dividend of $0.85 per share. The ex-dividend date was Friday, February 25th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.60%. This is an increase from Allstate’s previous quarterly dividend of $0.81. Allstate’s dividend payout ratio (DPR) is currently 28.48%.

Allstate Company Profile (Get Rating)

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.

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