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

The Allstate Corporation (NYSE:ALL) has been given a consensus rating of “Moderate Buy” by the twenty-one research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $236.1875.

Several research analysts have issued reports on the company. Roth Capital increased their price objective on Allstate from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. The Goldman Sachs Group set a $227.00 target price on shares of Allstate in a report on Wednesday, January 7th. TD Cowen reiterated a “hold” rating and set a $231.00 target price (up previously from $224.00) on shares of Allstate in a research report on Monday, January 12th. Evercore ISI set a $225.00 price target on shares of Allstate in a research report on Wednesday, January 7th. Finally, Wall Street Zen cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 21,871 shares of Allstate stock in a transaction 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 48,400 shares of company stock valued at $10,313,256. Insiders own 1.70% of the company’s stock.

Institutional Trading of Allstate

Hedge funds and other institutional investors have recently made changes to their positions in the business. Avantax Advisory Services Inc. boosted its stake in Allstate by 3.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 23,573 shares of the insurance provider’s stock worth $4,745,000 after purchasing an additional 704 shares during the period. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Allstate by 3.8% in the second quarter. Knights of Columbus Asset Advisors LLC now owns 53,802 shares of the insurance provider’s stock valued at $10,831,000 after purchasing an additional 1,959 shares in the last quarter. Commonwealth Retirement Investments LLC lifted its holdings in shares of Allstate by 103.5% in the second quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock valued at $2,609,000 after purchasing an additional 6,590 shares in the last quarter. Davis Capital Management acquired a new position in shares of Allstate during the third quarter worth about $2,767,000. Finally, First Horizon Corp bought a new position in shares of Allstate during the third quarter worth about $11,109,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Down 1.8%

Shares of ALL opened at $192.03 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $207.51 and a two-hundred day moving average price of $203.43. The stock has a market cap of $50.25 billion, a price-to-earnings ratio of 6.22, a P/E/G ratio of 0.42 and a beta of 0.24. Allstate has a 12 month low of $176.00 and a 12 month high of $215.89.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.48 by $5.69. The business had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a return on equity of 35.42% and a net margin of 12.53%.Allstate’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.91 EPS. Equities analysts predict that Allstate will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were given a dividend of $1.00 per share. The ex-dividend date was Monday, December 1st. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. Allstate’s dividend payout ratio is 12.95%.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.