The Allstate Corporation (NYSE:ALL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of The Allstate Corporation (NYSE:ALL) have received an average rating of “Moderate Buy” from the twenty research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $236.1875.

Several research analysts recently issued reports on ALL shares. Wells Fargo & Company lifted their target price on Allstate from $216.00 to $223.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Zacks Research cut Allstate from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. lifted their price objective on shares of Allstate from $254.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Wall Street Zen downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Finally, TD Cowen lowered shares of Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th.

Allstate Stock Down 0.9%

Shares of NYSE ALL opened at $193.54 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.43 and a quick ratio of 0.43. Allstate has a 1 year low of $176.00 and a 1 year high of $215.89. The stock has a market capitalization of $50.65 billion, a P/E ratio of 6.27, a P/E/G ratio of 0.42 and a beta of 0.24. The company has a 50-day moving average price of $205.96 and a 200-day moving average price of $203.38.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, beating the consensus estimate of $5.48 by $5.69. The business had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a net margin of 12.53% and a return on equity of 35.42%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.91 EPS. On average, equities research analysts forecast that Allstate will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $4.00 annualized dividend and a dividend yield of 2.1%. Allstate’s dividend payout ratio (DPR) is currently 12.95%.

Insider Activity

In other news, insider Suren Gupta sold 21,871 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $215.21, for a total value of $4,706,857.91. Following the completion of the transaction, the insider directly owned 100,646 shares of the company’s stock, valued at $21,660,025.66. This represents a 17.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 48,400 shares of company stock valued at $10,313,256 over the last three months. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Avantax Advisory Services Inc. grew its holdings in Allstate by 3.1% during the second quarter. Avantax Advisory Services Inc. now owns 23,573 shares of the insurance provider’s stock valued at $4,745,000 after purchasing an additional 704 shares during the period. Knights of Columbus Asset Advisors LLC lifted its position in shares of Allstate by 3.8% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 53,802 shares of the insurance provider’s stock valued at $10,831,000 after buying an additional 1,959 shares during the last quarter. Commonwealth Retirement Investments LLC grew its stake in shares of Allstate by 103.5% during the 2nd quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock worth $2,609,000 after acquiring an additional 6,590 shares during the period. Davis Capital Management purchased a new stake in Allstate in the 3rd quarter worth about $2,767,000. Finally, First Horizon Corp purchased a new stake in Allstate in the 3rd quarter worth about $11,109,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

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.