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

The Allstate Corporation (NYSE:ALL) has been given an average rating of “Moderate Buy” by the twenty-one analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, eight have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $236.1875.

ALL has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Roth Capital lifted their target price on Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Allstate in a research report on Wednesday, October 8th. UBS Group raised their price target on Allstate from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Finally, William Blair lowered Allstate from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 18th.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 19,593 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the sale, the insider owned 100,646 shares in the company, valued at $21,135,660. This trade represents a 16.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 48,400 shares of company stock worth $10,313,256 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Allstate

A number of institutional investors and hedge funds have recently modified their holdings of the company. Perigon Wealth Management LLC grew its holdings in Allstate by 8.4% during the fourth quarter. Perigon Wealth Management LLC now owns 3,557 shares of the insurance provider’s stock worth $740,000 after purchasing an additional 275 shares during the period. Pacific Sage Partners LLC raised its stake in Allstate by 5.5% in the fourth quarter. Pacific Sage Partners LLC now owns 1,070 shares of the insurance provider’s stock valued at $223,000 after buying an additional 56 shares during the period. Aberdeen Group plc lifted its position in shares of Allstate by 2.1% in the fourth quarter. Aberdeen Group plc now owns 257,526 shares of the insurance provider’s stock valued at $53,604,000 after buying an additional 5,375 shares during the last quarter. FNY Investment Advisers LLC lifted its position in shares of Allstate by 707.1% in the fourth quarter. FNY Investment Advisers LLC now owns 11,300 shares of the insurance provider’s stock valued at $2,352,000 after buying an additional 9,900 shares during the last quarter. Finally, IVC Wealth Advisors LLC boosted its stake in shares of Allstate by 13.2% during the 4th quarter. IVC Wealth Advisors LLC now owns 10,280 shares of the insurance provider’s stock worth $2,140,000 after acquiring an additional 1,198 shares during the period. 76.47% of the stock is owned by institutional investors.

Allstate Price Performance

NYSE ALL opened at $192.03 on Monday. The firm’s 50 day moving average is $207.51 and its 200-day moving average is $203.43. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $50.25 billion, a PE ratio of 6.22, a price-to-earnings-growth ratio of 0.42 and a beta of 0.24. Allstate has a 12-month low of $176.00 and a 12-month high of $215.89.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, topping the consensus estimate of $5.48 by $5.69. The business had revenue of $17.26 billion during 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 was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.91 earnings per share. Equities research analysts anticipate that Allstate will post 18.74 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, December 1st. Allstate’s payout ratio is presently 12.95%.

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.