The Allstate Co. (NYSE:ALL) Given Average Rating of “Moderate Buy” by Analysts

Shares of The Allstate Co. (NYSE:ALLGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $174.59.

ALL has been the subject of several research analyst reports. HSBC upgraded Allstate from a “hold” rating to a “buy” rating and boosted their price objective for the company from $158.00 to $190.00 in a research report on Thursday, March 28th. Keefe, Bruyette & Woods boosted their price objective on Allstate from $181.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. TheStreet upgraded Allstate from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Roth Mkm boosted their target price on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company boosted their target price on Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a research note on Friday, May 10th.

View Our Latest Analysis on Allstate

Insider Activity at Allstate

In other Allstate news, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by company insiders.

Institutional Trading of Allstate

Large investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Allstate during the 3rd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Allstate during the 1st quarter worth $25,000. Private Wealth Management Group LLC acquired a new stake in shares of Allstate during the 4th quarter worth $25,000. Rise Advisors LLC acquired a new stake in shares of Allstate during the 1st quarter worth $26,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Allstate during the 1st quarter worth $26,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Price Performance

Allstate stock opened at $164.67 on Wednesday. The firm has a market capitalization of $43.46 billion, a P/E ratio of 36.35, a PEG ratio of 1.55 and a beta of 0.51. Allstate has a 1 year low of $100.57 and a 1 year high of $177.37. The business has a 50-day moving average of $169.11 and a 200-day moving average of $156.16. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48.

Allstate (NYSE:ALLGet Free Report) last posted its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The company had revenue of $15.26 billion during the quarter, compared to analyst estimates of $12.76 billion. During the same period in the previous year, the company earned ($1.30) EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities analysts anticipate that Allstate will post 15.15 EPS for the current year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, May 31st will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, May 31st. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

About Allstate

(Get Free Report

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.

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Analyst Recommendations for Allstate (NYSE:ALL)

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