The Allstate Co. (NYSE:ALL) Receives $214.19 Consensus Target Price from Analysts

Shares of The Allstate Co. (NYSE:ALL) have earned a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $214.19.

Several brokerages recently issued reports 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 report on Friday, October 4th. Keefe, Bruyette & Woods boosted their price target on Allstate from $222.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group boosted their target price on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 15th. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Finally, UBS Group increased 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.

Insider Transactions at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction on 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 in the company, valued at $5,236,922.32. This represents a 57.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Allstate

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new position in Allstate during the 3rd quarter worth about $26,000. Northwest Investment Counselors LLC bought a new position in shares of Allstate in the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Allstate during the 3rd quarter worth approximately $29,000. Versant Capital Management Inc boosted its stake in Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. Finally, Family Firm Inc. bought a new position in shares of Allstate in the 2nd quarter worth $38,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Price Performance

Shares of Allstate stock opened at $203.80 on Wednesday. The business’s fifty day moving average price is $191.41 and its 200 day moving average price is $177.90. The stock has a market capitalization of $53.97 billion, a P/E ratio of 13.20, a PEG ratio of 1.81 and a beta of 0.48. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. Allstate has a twelve month low of $134.17 and a twelve month high of $205.35.

Allstate (NYSE:ALL) 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 net margin of 6.77% and a return on equity of 26.67%. The firm had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter last year, the firm posted $0.81 earnings per share. Allstate’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, research analysts anticipate that Allstate will post 16.07 earnings per share for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, November 29th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, November 29th. Allstate’s payout ratio is presently 23.83%.

About Allstate

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.