The Allstate Corporation (NYSE:ALL) Receives Average Rating of “Moderate Buy” from Analysts

The Allstate Corporation (NYSE:ALL) has been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $237.9231.

A number of equities analysts recently issued reports on ALL shares. Cantor Fitzgerald raised Allstate to a “hold” rating in a report on Wednesday, August 13th. UBS Group boosted their price objective on shares of Allstate from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Roth Capital increased their target price on shares of Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods boosted their price target on shares of Allstate from $246.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. Finally, Evercore ISI set a $233.00 price objective on shares of Allstate and gave the company an “in-line” rating in a research note on Wednesday, October 1st.

Allstate Stock Down 0.2%

Allstate stock opened at $213.39 on Friday. The stock has a market cap of $55.84 billion, a PE ratio of 10.03, a P/E/G ratio of 0.69 and a beta of 0.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The stock’s fifty day moving average is $204.68 and its two-hundred day moving average is $202.43. Allstate has a 1-year low of $176.00 and a 1-year high of $215.89.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.48 by $5.69. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same period in the prior year, the firm posted $3.91 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts expect that Allstate will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be given a $1.00 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. Allstate’s dividend payout ratio is 12.95%.

Insider Buying and Selling

In other Allstate news, insider Suren Gupta sold 21,871 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $215.21, for a total value of $4,706,857.91. Following the completion of the sale, the insider owned 100,646 shares in the company, valued at approximately $21,660,025.66. The trade was a 17.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 24,271 shares of company stock worth $5,222,986 over the last quarter. Insiders own 1.70% of the company’s stock.

Institutional Trading of Allstate

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Allstate by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock valued at $6,690,584,000 after purchasing an additional 435,145 shares in the last quarter. State Street Corp raised its stake in shares of Allstate by 0.7% during the 3rd quarter. State Street Corp now owns 11,859,517 shares of the insurance provider’s stock worth $2,557,362,000 after buying an additional 85,468 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Allstate by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock valued at $2,424,710,000 after buying an additional 2,374,684 shares during the period. Geode Capital Management LLC boosted its stake in shares of Allstate by 1.2% in the second quarter. Geode Capital Management LLC now owns 6,714,629 shares of the insurance provider’s stock valued at $1,345,961,000 after buying an additional 79,366 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Allstate by 2.5% during the second quarter. Franklin Resources Inc. now owns 4,670,113 shares of the insurance provider’s stock worth $940,140,000 after acquiring an additional 112,858 shares during the period. 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.