Allstate (NYSE:ALL) Given New $185.00 Price Target at UBS Group

Allstate (NYSE:ALLFree Report) had its target price raised by UBS Group from $171.00 to $185.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

Several other research analysts have also commented on ALL. StockNews.com upgraded Allstate from a hold rating to a buy rating in a research report on Friday, November 24th. Jefferies Financial Group upgraded Allstate from a hold rating to a buy rating and boosted their target price for the company from $130.00 to $180.00 in a research report on Tuesday, January 9th. BMO Capital Markets boosted their target price on Allstate from $140.00 to $158.00 and gave the company a market perform rating in a research report on Friday, January 19th. HSBC initiated coverage on Allstate in a research report on Thursday, December 28th. They set a hold rating and a $145.00 target price for the company. Finally, TheStreet upgraded Allstate from a c+ rating to a b rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Allstate presently has a consensus rating of Moderate Buy and a consensus target price of $157.75.

Check Out Our Latest Analysis on Allstate

Allstate Trading Down 0.4 %

Shares of ALL stock opened at $159.32 on Monday. Allstate has a 12-month low of $100.57 and a 12-month high of $168.05. The company has a current ratio of 0.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.51. The stock’s 50-day moving average price is $148.13 and its 200-day moving average price is $128.77. The stock has a market capitalization of $41.69 billion, a price-to-earnings ratio of -128.48, a price-to-earnings-growth ratio of 0.43 and a beta of 0.52.

Allstate (NYSE:ALLGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, topping the consensus estimate of $3.87 by $1.95. The company had revenue of $14.83 billion during the quarter, compared to analyst estimates of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted ($1.36) earnings per share. Equities research analysts predict that Allstate will post 12.7 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Wednesday, November 29th. Allstate’s dividend payout ratio (DPR) is -287.10%.

Insider Buying and Selling

In related news, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $134.79, for a total value of $539,160.00. Following the completion of the transaction, the chief accounting officer now owns 13,711 shares of the company’s stock, valued at $1,848,105.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Mark Q. Prindiville sold 10,951 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $135.43, for a total transaction of $1,483,093.93. Following the transaction, the executive vice president now directly owns 18,677 shares of the company’s stock, valued at $2,529,426.11. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $134.79, for a total value of $539,160.00. Following the transaction, the chief accounting officer now directly owns 13,711 shares in the company, valued at $1,848,105.69. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Allstate

Large investors have recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Allstate by 8.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,748 shares of the insurance provider’s stock worth $627,000 after purchasing an additional 460 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Allstate by 36.5% during the second quarter. First Horizon Advisors Inc. now owns 63,018 shares of the insurance provider’s stock valued at $6,872,000 after buying an additional 16,851 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Allstate during the second quarter valued at $5,104,000. Markel Group Inc. grew its holdings in shares of Allstate by 10.1% during the third quarter. Markel Group Inc. now owns 141,550 shares of the insurance provider’s stock valued at $15,770,000 after buying an additional 13,000 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its holdings in shares of Allstate by 63.1% during the second quarter. Vestmark Advisory Solutions Inc. now owns 3,273 shares of the insurance provider’s stock valued at $357,000 after buying an additional 1,266 shares during the last quarter. 77.23% of the stock is owned by institutional investors and hedge funds.

Allstate Company Profile

(Get Free Report)

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; other personal lines products; and commercial lines products under the Allstate and Encompass brand names.

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Analyst Recommendations for Allstate (NYSE:ALL)

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