Shares of The Allstate Co. (NYSE:ALL - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the sixteen ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $217.19.
Several equities analysts recently commented on the company. StockNews.com downgraded Allstate from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, August 21st. Barclays lifted their price objective on Allstate from $175.00 to $187.00 and gave the stock an "underweight" rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their price target on Allstate from $231.00 to $267.00 and gave the company a "buy" rating in a research note on Friday, November 8th. UBS Group lifted their price objective on Allstate from $216.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, Bank of America raised their target price on Allstate from $216.00 to $233.00 and gave the stock a "buy" rating in a report on Friday, October 18th.
Check Out Our Latest Report on Allstate
Allstate Stock Performance
NYSE:ALL traded up $3.96 during mid-day trading on Friday, hitting $196.26. 1,802,975 shares of the company's stock traded hands, compared to its average volume of 1,550,028. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $194.95 and a two-hundred day moving average of $181.42. The firm has a market capitalization of $51.97 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 1.70 and a beta of 0.50. Allstate has a 12 month low of $134.17 and a 12 month high of $209.88.
Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The firm had revenue of $16.63 billion during the quarter, compared to analysts' expectations of $14.57 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. The company's revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities analysts forecast that Allstate will post 16.26 earnings per share for the current fiscal year.
Allstate Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.88%. Allstate's dividend payout ratio (DPR) is 23.83%.
Insiders Place Their Bets
In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the sale, the insider now directly owns 27,364 shares of the company's stock, valued at $5,236,922.32. The trade was a 57.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.80% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of ALL. FSA Wealth Management LLC acquired a new position in shares of Allstate in the third quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Allstate during the third quarter worth approximately $29,000. Family Firm Inc. acquired a new stake in shares of Allstate in the second quarter valued at approximately $38,000. Finally, MCF Advisors LLC boosted its stake in shares of Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider's stock valued at $53,000 after buying an additional 84 shares during the period. Institutional investors own 76.47% of the company's stock.
About Allstate
(
Get Free ReportThe 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.
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