Analysts Set The Allstate Co. (NYSE:ALL) Price Target at $216.94

The Allstate Co. (NYSE:ALL) has earned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $218.06.

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their price target on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday. The Goldman Sachs Group boosted their target price on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Evercore ISI raised shares of Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday. Bank of America boosted their price objective on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, BMO Capital Markets raised their target price on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th.

Allstate Stock Down 5.6 %

Shares of NYSE:ALL opened at $181.12 on Thursday. The firm has a market capitalization of $47.96 billion, a P/E ratio of 11.73, a P/E/G ratio of 1.70 and a beta of 0.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a 50 day moving average price of $195.84 and a 200-day moving average price of $185.53. Allstate has a 52-week low of $148.23 and a 52-week high of $209.88.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Allstate’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts anticipate that Allstate will post 16.26 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were given a $0.92 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 2.03%. Allstate’s payout ratio is presently 23.83%.

Hedge Funds Weigh In On Allstate

Several institutional investors have recently bought and sold shares of the business. FSA Wealth Management LLC purchased a new stake in shares of Allstate during the third quarter valued at about $26,000. Northwest Investment Counselors LLC purchased a new stake in Allstate during the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC purchased a new position in Allstate in the third quarter worth $29,000. Peoples Bank KS purchased a new position in shares of Allstate in the fourth quarter worth $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of Allstate in the 3rd quarter valued at $58,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

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.