Allstate Corp (NYSE:ALL) has earned a consensus recommendation of “Hold” from the fourteen analysts that are covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $104.33.

ALL has been the topic of several research reports. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a research report on Tuesday, September 18th. Citigroup dropped their target price on Allstate from $108.00 to $107.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. Credit Suisse Group dropped their target price on Allstate from $114.00 to $112.00 and set a “buy” rating on the stock in a research report on Tuesday, August 28th. Wells Fargo & Co reissued a “hold” rating on shares of Allstate in a research report on Thursday, August 16th. Finally, ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st.

Shares of Allstate stock traded down $0.21 during trading on Friday, hitting $101.82. 2,950,333 shares of the company’s stock traded hands, compared to its average volume of 1,625,013. The stock has a market capitalization of $35.25 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.29 and a beta of 0.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26. Allstate has a 1 year low of $88.29 and a 1 year high of $105.36.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, August 1st. The insurance provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.45. The business had revenue of $8.46 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Allstate had a return on equity of 15.21% and a net margin of 9.06%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $1.38 earnings per share. sell-side analysts expect that Allstate will post 9.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, August 31st will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, August 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.81%. Allstate’s payout ratio is currently 27.42%.

In other news, EVP Susan L. Lees sold 22,189 shares of Allstate stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $99.24, for a total transaction of $2,202,036.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Glenn T. Shapiro sold 21,728 shares of Allstate stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $98.70, for a total value of $2,144,553.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,432 shares of company stock worth $5,386,208. Insiders own 1.40% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of ALL. Millennium Management LLC increased its position in shares of Allstate by 101.9% during the 2nd quarter. Millennium Management LLC now owns 1,589,586 shares of the insurance provider’s stock valued at $145,082,000 after purchasing an additional 802,167 shares during the last quarter. Reliance Trust Co. of Delaware increased its position in shares of Allstate by 8.6% during the 2nd quarter. Reliance Trust Co. of Delaware now owns 7,277 shares of the insurance provider’s stock valued at $664,000 after purchasing an additional 575 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Allstate by 18.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 572,645 shares of the insurance provider’s stock valued at $52,283,000 after purchasing an additional 91,117 shares during the last quarter. Neuburgh Advisers LLC increased its position in shares of Allstate by 8.4% during the 2nd quarter. Neuburgh Advisers LLC now owns 116,016 shares of the insurance provider’s stock valued at $10,589,000 after purchasing an additional 8,992 shares during the last quarter. Finally, Gideon Capital Advisors Inc. bought a new position in shares of Allstate during the 1st quarter valued at approximately $617,000. 76.18% of the stock is currently owned by institutional investors.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.

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Analyst Recommendations for Allstate (NYSE:ALL)

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