Brokerages Set The Allstate Co. (NYSE:ALL) PT at $214.19

The Allstate Co. (NYSE:ALL) has been given an average rating of “Moderate Buy” by the sixteen brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $214.19.

Several research analysts recently issued reports on ALL shares. Evercore ISI upped their target price on Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a research report on Wednesday, October 9th. Raymond James boosted their price target on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Friday, October 4th. TD Cowen boosted their price target on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Wells Fargo & Company boosted their price target on Allstate from $175.00 to $186.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Finally, BMO Capital Markets boosted their price target on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, October 18th.

Allstate Trading Up 0.2 %

Shares of NYSE:ALL opened at $203.80 on Wednesday. The business’s 50-day moving average is $191.41 and its 200 day moving average is $177.77. Allstate has a 1 year low of $134.17 and a 1 year high of $205.35. The firm has a market capitalization of $53.97 billion, a P/E ratio of 13.20, a P/E/G ratio of 1.75 and a beta of 0.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the company posted $0.81 EPS. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, research analysts predict that Allstate will post 16.01 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be given a dividend of $0.92 per share. The ex-dividend date is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.81%. Allstate’s dividend payout ratio is currently 23.83%.

Insiders Place Their Bets

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the transaction, the insider now owns 27,364 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Allstate

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Stock Yards Bank & Trust Co. increased its holdings in shares of Allstate by 5.3% in the third quarter. Stock Yards Bank & Trust Co. now owns 5,776 shares of the insurance provider’s stock valued at $1,095,000 after purchasing an additional 292 shares during the last quarter. Tudor Financial Inc. acquired a new stake in shares of Allstate in the third quarter valued at approximately $2,836,000. Virtu Financial LLC increased its stake in Allstate by 104.2% during the third quarter. Virtu Financial LLC now owns 5,728 shares of the insurance provider’s stock worth $1,086,000 after acquiring an additional 2,923 shares during the last quarter. McIlrath & Eck LLC increased its stake in Allstate by 22.8% during the third quarter. McIlrath & Eck LLC now owns 742 shares of the insurance provider’s stock worth $141,000 after acquiring an additional 138 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in Allstate by 6.4% during the third quarter. Rehmann Capital Advisory Group now owns 1,582 shares of the insurance provider’s stock worth $300,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Company Profile

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.