The Allstate Co. (NYSE:ALL) Receives Average Recommendation of “Moderate Buy” from Brokerages

The Allstate Co. (NYSE:ALL) has received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $218.06.

A number of brokerages recently commented on ALL. Raymond James increased their price target on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Friday, October 4th. 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 report on Friday, November 8th. Keefe, Bruyette & Woods increased their price target on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Finally, UBS Group raised their target price on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th.

Hedge Funds Weigh In On Allstate

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FSA Wealth Management LLC purchased a new position in Allstate during the third quarter worth about $26,000. Northwest Investment Counselors LLC purchased a new position in Allstate during the third quarter worth about $28,000. Catalyst Capital Advisors LLC purchased a new position in Allstate during the third quarter worth about $29,000. Peoples Bank KS purchased a new position in Allstate during the fourth quarter worth about $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in Allstate during the third quarter worth about $58,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Performance

Shares of Allstate stock opened at $182.63 on Thursday. The company has a market cap of $48.36 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.70 and a beta of 0.52. Allstate has a 52 week low of $150.17 and a 52 week high of $209.88. The business has a 50 day moving average price of $195.85 and a 200-day moving average price of $185.88. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. The company had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Allstate’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.81 earnings per share. Equities analysts anticipate that Allstate will post 16.26 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio is 23.83%.

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.