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The Allstate Co. (NYSE:ALL) Receives Average Recommendation of "Moderate Buy" from Analysts

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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 Report

The 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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Analyst Recommendations for Allstate (NYSE:ALL)

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