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

Shares of The Allstate Corporation (NYSE:ALLGet Free Report) have been given a consensus rating of “Moderate Buy” by the nineteen ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, eight have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $236.9286.

Several research firms have recently issued reports on ALL. Morgan Stanley reaffirmed an “equal weight” rating and set a $215.00 price objective (down from $245.00) on shares of Allstate in a research report on Tuesday, December 16th. Keefe, Bruyette & Woods boosted their target price on Allstate from $246.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Zacks Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 19th. UBS Group raised their price objective on shares of Allstate from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Finally, BMO Capital Markets upped their target price on shares of Allstate from $235.00 to $244.00 and gave the company an “outperform” rating in a report on Friday, November 7th.

View Our Latest Research Report on Allstate

Insider Activity at Allstate

In other news, insider Suren Gupta sold 3,786 shares of the business’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $215.13, for a total value of $814,482.18. Following the completion of the sale, the insider directly owned 100,646 shares of the company’s stock, valued at approximately $21,651,973.98. The trade was a 3.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 28,807 shares of company stock worth $6,198,726 in the last 90 days. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ALL. Arlington Trust Co LLC boosted its holdings in shares of Allstate by 261.8% in the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 89 shares during the period. Harbor Capital Advisors Inc. raised its position in Allstate by 79.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the last quarter. Barnes Dennig Private Wealth Management LLC boosted its stake in Allstate by 112.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 73 shares during the period. Clearstead Trust LLC grew its position in Allstate by 3,800.0% during the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 152 shares during the last quarter. Finally, Palisade Asset Management LLC purchased a new position in Allstate during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Trading Down 0.3%

Shares of NYSE:ALL opened at $208.96 on Thursday. Allstate has a 52 week low of $176.00 and a 52 week high of $215.89. The company’s 50 day moving average is $203.73 and its two-hundred day moving average is $202.43. The company has a market cap of $54.68 billion, a PE ratio of 6.76, a P/E/G ratio of 0.39 and a beta of 0.25. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.32.

Allstate (NYSE:ALLGet Free Report) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, topping analysts’ consensus estimates of $5.48 by $5.69. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a net margin of 12.53% and a return on equity of 35.42%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.91 earnings per share. Equities analysts predict that Allstate will post 18.74 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. Allstate’s dividend payout ratio (DPR) is presently 12.95%.

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Allstate Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Allstate (NYSE:ALL)

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