Allstate (ALL) – Investment Analysts’ Weekly Ratings Changes

Allstate (NYSE: ALL) recently received a number of ratings updates from brokerages and research firms:

  • 2/9/2018 – Allstate had its price target lowered by analysts at Deutsche Bank AG from $102.00 to $100.00. They now have a “hold” rating on the stock.
  • 2/8/2018 – Allstate had its price target lowered by analysts at Bank of America Corp from $116.00 to $111.00. They now have a “buy” rating on the stock.
  • 2/8/2018 – Allstate was given a new $100.00 price target on by analysts at Wells Fargo & Co. They now have a “hold” rating on the stock.
  • 2/2/2018 – Allstate was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/9/2018 – Allstate was downgraded by analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating.
  • 1/3/2018 – Allstate was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $114.00 price target on the stock. According to Zacks, “Allstate’s shares have outperformed the industry, in a year's time. The company is poised to grow on the back of its well-performing property and liability segment. A number of initiatives undertaken to improve profitability in the auto segment will drive long-term growth. A strong balance sheet and intelligent capital management are the other positives. The acquisition of SquareTrade will diversify the company's operations. The stock has seen the Zacks Consensus Estimate for 2018 earnings being revised 2% upward over the last 60 days. Allstate is nevertheless faced with exposure to catastrophe losses, owing to its large property insurance business. The underperforming brand Encompass is another drag.”
  • 1/2/2018 – Allstate was downgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “underperform” rating.
  • 12/19/2017 – Allstate was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Allstate’s shares have outperformed the industry, year to date. The company is poised to grow on the back of its well-performing property and liability segment. A number of initiatives undertaken to improve profitability in the auto segment will drive long-term growth. A strong balance sheet and intelligent capital management are the other positives. The acquisition of SquareTrade will diversify the company's operations. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 7.2% upward over the last 60 days. Allstate is nevertheless faced with exposure to catastrophe losses, owing to its large property insurance business. The underperforming brand Encompass is another drag.”

Allstate Corp (ALL) traded down $0.16 during trading on Monday, reaching $90.73. The company’s stock had a trading volume of 4,070,450 shares, compared to its average volume of 2,834,295. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.25. The company has a market cap of $32,265.95, a PE ratio of 10.84, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. Allstate Corp has a fifty-two week low of $78.81 and a fifty-two week high of $105.36.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.56. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.09 billion. Allstate had a return on equity of 12.57% and a net margin of 8.28%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.17 EPS. equities analysts forecast that Allstate Corp will post 8.21 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.03%. This is a boost from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 2nd. Allstate’s payout ratio is presently 17.68%.

In other Allstate news, EVP Susan L. Lees sold 4,000 shares of Allstate stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $100.49, for a total transaction of $401,960.00. Following the sale, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at approximately $2,446,027.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.

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