Several brokerages have updated their recommendations and price targets on shares of Allstate (NYSE: ALL) in the last few weeks:

  • 9/13/2018 – Allstate was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Allstate Corporation is poised to grow on the back of its well performing property and liability segment. A number of initiatives undertaken by Allstate to improve profitability in the auto segment will also drive long-term growth. A strong balance sheet and intelligent capital management are other positives for the company. Moreover, the acquisition of SquareTrade will diversify its operations going forward. In a year’s time, the shares have underperformed the industry. However, it has witnessed its 2019 earnings estimates move up over the past 30 days. Nevertheless, Allstate is faced with exposure to catastrophe losses, owing to the large property insurance business. The underperforming brand Encompass is another drag.”
  • 9/1/2018 – Allstate was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/28/2018 – Allstate had its price target lowered by analysts at Credit Suisse Group AG from $114.00 to $112.00. They now have a “buy” rating on the stock.
  • 8/27/2018 – Allstate was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $111.00 price target on the stock. According to Zacks, “Allstate Corporation’s shares have outperformed the industry in the past six months. The company has also witnessed its 2018 and 2019 earnings estimates move up over the past 30 days. It is poised to grow on the back of its well performing property and liability segment. A number of initiatives undertaken by Allstate to improve profitability in the auto segment will also drive long-term growth. A strong balance sheet and intelligent capital management are other positives for the company. Moreover, the acquisition of SquareTrade will diversify its operations going forward. Nevertheless, Allstate is faced with exposure to catastrophe losses, owing to the large property insurance business. The underperforming brand Encompass is another drag.”
  • 8/16/2018 – Allstate had its “hold” rating reaffirmed by analysts at Wells Fargo & Co. They wrote, “We are not changing our EPS estimate at this time. We have $655 million of cats in our Q3 EPS estimate (which sits above the 10­year average Q3 cat load for ALL at $614 million), which leaves $393 million for the remaining two months. To­date August has seen a low level of losses. We do not expect much movement in the ALL shares in response to the cat announcement.””
  • 8/7/2018 – Allstate is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $114.00 price target on the stock.
  • 8/7/2018 – Allstate had its price target raised by analysts at B. Riley from $88.00 to $103.00. They now have a “neutral” rating on the stock.
  • 7/20/2018 – Allstate had its price target lowered by analysts at Citigroup Inc from $108.00 to $107.00. They now have a “buy” rating on the stock.
  • 7/18/2018 – Allstate was upgraded by analysts at Buckingham Research from an “underperform” rating to a “neutral” rating. They now have a $88.00 price target on the stock.
  • 7/16/2018 – Allstate had its price target raised by analysts at B. Riley from $84.00 to $88.00. They now have a “neutral” rating on the stock.

Allstate stock opened at $99.29 on Friday. Allstate Corp has a 52 week low of $88.29 and a 52 week high of $105.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market capitalization of $33.79 billion, a P/E ratio of 14.80, a PEG ratio of 1.24 and a beta of 0.92.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.45. Allstate had a net margin of 9.06% and a return on equity of 15.21%. The firm had revenue of $8.46 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same quarter last year, the business posted $1.38 EPS. The company’s revenue was up 5.5% on a year-over-year basis. equities analysts forecast that Allstate Corp will post 9.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, August 31st will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Thursday, August 30th. Allstate’s dividend payout ratio is 27.42%.

In related news, EVP Susan L. Lees sold 22,189 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $99.24, for a total value of $2,202,036.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Glenn T. Shapiro sold 21,728 shares of Allstate stock in a transaction on Monday, August 6th. The shares were sold at an average price of $98.70, for a total transaction of $2,144,553.60. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Several large investors have recently modified their holdings of ALL. Private Capital Group LLC boosted its stake in shares of Allstate by 195.5% during the 1st quarter. Private Capital Group LLC now owns 1,182 shares of the insurance provider’s stock valued at $112,000 after buying an additional 782 shares during the period. Clearwater Capital Advisors LLC acquired a new stake in shares of Allstate during the 1st quarter valued at $122,000. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Allstate during the 2nd quarter valued at $124,000. Summit Trail Advisors LLC boosted its stake in shares of Allstate by 11,436.6% during the 1st quarter. Summit Trail Advisors LLC now owns 147,438 shares of the insurance provider’s stock valued at $147,000 after buying an additional 146,160 shares during the period. Finally, Archford Capital Strategies LLC acquired a new stake in shares of Allstate during the 1st quarter valued at $158,000. 76.21% of the stock is owned by institutional investors.

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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