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

Shares of The Allstate Corporation (NYSE:ALL) have been given a consensus recommendation of “Moderate Buy” by the twenty-one research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, ten have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $239.3529.

A number of equities research analysts have recently issued reports on ALL shares. UBS Group upped their price objective on shares of Allstate from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Zacks Research cut Allstate from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Wells Fargo & Company boosted their price objective on shares of Allstate from $223.00 to $228.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Citigroup boosted their target price on Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Evercore set a $225.00 price target on shares of Allstate in a report on Wednesday, January 7th.

Insider Buying and Selling at Allstate

In related news, insider Suren Gupta sold 19,593 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the transaction, the insider owned 100,646 shares in the company, valued at $21,135,660. The trade was a 16.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 47,000 shares of company stock worth $10,012,228. Insiders own 1.70% of the company’s stock.

Institutional Trading of Allstate

Several large investors have recently bought and sold shares of ALL. Harbor Capital Advisors Inc. lifted its stake in shares of 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 period. Dorato Capital Management bought a new position in Allstate in the fourth quarter worth $27,000. Navalign LLC purchased a new position in Allstate during the fourth quarter valued at $27,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Allstate by 112.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after buying an additional 73 shares in the last quarter. Finally, Clearstead Trust LLC grew its position in shares of Allstate by 3,800.0% in the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock worth $31,000 after buying an additional 152 shares during the period. 76.47% of the stock is owned by institutional investors.

Allstate Price Performance

Shares of Allstate stock opened at $206.41 on Friday. The firm has a market capitalization of $54.01 billion, a PE ratio of 5.40, a price-to-earnings-growth ratio of 0.43 and a beta of 0.23. The company has a current ratio of 0.37, a quick ratio of 0.43 and a debt-to-equity ratio of 0.26. Allstate has a 12 month low of $176.00 and a 12 month high of $216.75. The business’s 50-day moving average price is $203.43 and its 200-day moving average price is $203.97.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.72 by $5.59. The business had revenue of $14.57 billion during the quarter, compared to analyst estimates of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.Allstate’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.67 earnings per share. Sell-side analysts forecast that Allstate will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be given a $1.08 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $4.32 annualized dividend and a dividend yield of 2.1%. This is a positive change from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio is 10.47%.

About Allstate

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.