The Allstate Co. (NYSE:ALL) Receives $214.19 Average Price Target from Brokerages

Shares of The Allstate Co. (NYSE:ALL) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $214.19.

Several brokerages have issued reports on ALL. StockNews.com cut Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Evercore ISI raised their target price on Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Piper Sandler raised their target price on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Roth Mkm reissued a “buy” rating and issued a $200.00 target price on shares of Allstate in a research report on Wednesday, August 14th. Finally, BMO Capital Markets raised their target price on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th.

Allstate Trading Up 0.2 %

Allstate stock opened at $203.80 on Wednesday. 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 has a one year low of $134.17 and a one year high of $205.35. The stock has a market capitalization of $53.97 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.75 and a beta of 0.48. The business’s fifty day moving average is $191.41 and its 200 day moving average is $177.77.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the firm posted $0.81 earnings per share. Allstate’s revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts predict that Allstate will post 16.01 EPS for the current year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, November 29th. Allstate’s dividend payout ratio (DPR) is 23.83%.

Insider Transactions at Allstate

In other news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the transaction, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. The trade was a 57.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Allstate

A number of large investors have recently bought and sold shares of ALL. FSA Wealth Management LLC purchased a new position in Allstate during the 3rd quarter valued at $26,000. Northwest Investment Counselors LLC bought a new position in shares of Allstate in the 3rd quarter worth $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Allstate in the 3rd quarter worth $29,000. Versant Capital Management Inc raised its position in shares of Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 78 shares in the last quarter. Finally, Family Firm Inc. bought a new position in shares of Allstate in the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

About Allstate

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.