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

Shares of The Allstate Corporation (NYSE:ALL) have earned an average rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $239.3529.

A number of research firms have weighed in on ALL. Mizuho lifted their price target on shares of Allstate from $255.00 to $281.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Citigroup raised their price objective on shares of Allstate from $216.00 to $221.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. William Blair cut shares of Allstate from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Evercore set a $225.00 price target on shares of Allstate in a research report on Wednesday, January 7th. Finally, BMO Capital Markets lifted their price objective on Allstate from $235.00 to $244.00 and gave the company an “outperform” rating in a report on Friday, November 7th.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 19,593 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the completion of the transaction, the insider directly owned 100,646 shares in the company, valued at $21,135,660. This represents a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 24,729 shares of company stock worth $5,219,282 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Allstate

Large investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its stake in shares of Allstate by 79.7% during the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the period. Navalign LLC bought a new stake in Allstate during the 4th quarter worth about $27,000. Barnes Dennig Private Wealth Management LLC lifted its position in Allstate by 112.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 73 shares during the period. Dorato Capital Management bought a new position in shares of Allstate in the 4th quarter valued at about $27,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Allstate during the 3rd quarter worth approximately $31,000. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

Shares of Allstate stock opened at $203.25 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.43. The company has a market cap of $53.19 billion, a PE ratio of 5.32, a price-to-earnings-growth ratio of 0.44 and a beta of 0.23. The firm has a fifty day moving average price of $204.00 and a two-hundred day moving average price of $204.38. Allstate has a fifty-two week low of $176.00 and a fifty-two week high of $216.75.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.72 by $5.59. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The company had revenue of $17.35 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter in the previous year, the firm posted $7.67 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that Allstate will post 18.74 EPS for the current year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be paid a $1.08 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $4.32 annualized dividend and a yield of 2.1%. This is a positive change from Allstate’s previous quarterly dividend of $1.00. Allstate’s payout ratio is presently 10.47%.

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.