The Allstate Co. (NYSE:ALL) Receives $192.76 Average Price Target from Analysts

The Allstate Co. (NYSE:ALL) has been given an average recommendation of “Moderate Buy” by the seventeen research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $195.12.

A number of analysts have recently commented on the company. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. TD Cowen upped their price target on Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. The Goldman Sachs Group lifted their price objective on shares of Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Morgan Stanley reduced their target price on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Finally, Wells Fargo & Company lowered their price target on shares of Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th.

Allstate Stock Up 1.5 %

Shares of Allstate stock opened at $190.57 on Tuesday. Allstate has a 1 year low of $110.74 and a 1 year high of $193.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market capitalization of $50.29 billion, a P/E ratio of 42.07, a price-to-earnings-growth ratio of 1.81 and a beta of 0.48. The business has a 50-day moving average of $183.18 and a two-hundred day moving average of $172.38.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, topping the consensus estimate of $0.33 by $1.28. The firm had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the company posted ($4.42) EPS. As a group, equities analysts predict that Allstate will post 15.2 EPS for the current year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th were paid a $0.92 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $3.68 annualized dividend and a dividend yield of 1.93%. Allstate’s payout ratio is 81.24%.

Insider Transactions at Allstate

In related news, insider John E. Dugenske sold 36,367 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $191.38, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the sale, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at approximately $15,880,915.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the transaction, the insider now directly owns 27,364 shares of the company’s stock, valued at $5,236,922.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 238,305 shares of company stock valued at $43,082,657. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Allstate

Hedge funds have recently added to or reduced their stakes in the business. Rafferty Asset Management LLC boosted its holdings in Allstate by 5.7% in the fourth quarter. Rafferty Asset Management LLC now owns 92,753 shares of the insurance provider’s stock valued at $12,984,000 after acquiring an additional 4,987 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of Allstate during the fourth quarter worth $5,927,000. BDF Gestion acquired a new stake in shares of Allstate during the second quarter worth $3,051,000. BNP Paribas Financial Markets raised its stake in Allstate by 55.8% during the first quarter. BNP Paribas Financial Markets now owns 218,629 shares of the insurance provider’s stock worth $37,825,000 after buying an additional 78,316 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Allstate in the second quarter valued at $476,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Company Profile

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.