The Allstate Corporation (NYSE:ALL – Get Free Report) has been assigned an average rating of “Hold” from the twenty brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $266.89.
Several brokerages have recently commented on ALL. Roth Capital set a $300.00 price objective on shares of Allstate in a report on Thursday, August 6th. Argus set a $238.00 target price on shares of Allstate in a report on Friday, August 28th. Mizuho boosted their target price on Allstate from $297.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, September 18th. Cantor Fitzgerald upped their price target on Allstate from $236.00 to $242.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen upgraded Allstate from a “hold” rating to a “buy” rating in a research report on Monday, July 20th.
View Our Latest Stock Report on ALL
Insider Transactions at Allstate
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Cornerstone Financial Management LLC boosted its position in Allstate by 24.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 226 shares of the insurance provider’s stock valued at $54,000 after buying an additional 45 shares during the period. Capital Advisors Inc. OK grew its stake in shares of Allstate by 2.6% in the second quarter. Capital Advisors Inc. OK now owns 1,827 shares of the insurance provider’s stock worth $435,000 after acquiring an additional 46 shares in the last quarter. Natural Investments LLC increased its position in shares of Allstate by 1.5% during the second quarter. Natural Investments LLC now owns 3,327 shares of the insurance provider’s stock worth $791,000 after acquiring an additional 50 shares during the period. Root Financial Partners LLC raised its stake in shares of Allstate by 4.7% in the first quarter. Root Financial Partners LLC now owns 1,170 shares of the insurance provider’s stock valued at $243,000 after acquiring an additional 53 shares in the last quarter. Finally, Earned Wealth Advisors LLC raised its stake in shares of Allstate by 3.5% in the first quarter. Earned Wealth Advisors LLC now owns 1,607 shares of the insurance provider’s stock valued at $333,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.
Allstate Stock Down 1.5%
Shares of NYSE:ALL opened at $222.11 on Friday. The company has a market capitalization of $56.16 billion, a price-to-earnings ratio of 4.44, a PEG ratio of 0.50 and a beta of 0.15. Allstate has a 12-month low of $188.08 and a 12-month high of $277.22. The business has a 50-day moving average price of $254.99 and a 200 day moving average price of $233.12. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24.
Allstate (NYSE:ALL – Get Free Report) last posted its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, beating analysts’ consensus estimates of $6.06 by $2.93. The company had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $15.46 billion. Allstate had a net margin of 18.97% and a return on equity of 41.64%. Allstate’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.94 earnings per share. Sell-side analysts expect that Allstate will post 35.76 EPS for the current year.
Allstate Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.32 annualized dividend and a yield of 1.9%. Allstate’s dividend payout ratio is presently 8.63%.
Allstate Company Profile
Allstate Corporation is an insurance company that provides protection products and services primarily to individuals and families. Its offerings include automobile, homeowners, renters, condominium, and other property and casualty insurance, along with roadside assistance, identity protection, and related protection services.
The company distributes products through a network of exclusive agents, independent agents, contact centers, and digital channels. Allstate also serves customers through brands and businesses including National General, which expands its presence in personal and commercial auto insurance and other specialty coverage markets.
Founded in 1931 as part of Sears, Roebuck & Co, Allstate became an independent publicly traded company in 1995.
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