Traders purchased shares of Allstate Corp (NYSE:ALL) on weakness during trading on Monday after Deutsche Bank lowered their price target on the stock from $102.00 to $100.00. $100.76 million flowed into the stock on the tick-up and $63.20 million flowed out of the stock on the tick-down, for a money net flow of $37.56 million into the stock. Of all companies tracked, Allstate had the 12th highest net in-flow for the day. Allstate traded down ($0.16) for the day and closed at $90.73

A number of other analysts have also issued reports on the company. Bank of America lowered their price target on Allstate from $116.00 to $111.00 and set a “buy” rating for the company in a report on Thursday. Wells Fargo & Co set a $100.00 price target on Allstate and gave the company a “hold” rating in a report on Thursday. ValuEngine upgraded Allstate from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Allstate from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods lowered Allstate from a “market perform” rating to an “underperform” rating in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $97.00.

In related news, EVP Susan L. Lees sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $100.49, for a total value of $401,960.00. Following the completion of the transaction, the executive vice president now owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Afam Capital Inc. increased its position in shares of Allstate by 1.1% during the second quarter. Afam Capital Inc. now owns 25,484 shares of the insurance provider’s stock worth $2,254,000 after purchasing an additional 271 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Allstate by 10.8% during the second quarter. Advisory Services Network LLC now owns 2,798 shares of the insurance provider’s stock worth $247,000 after purchasing an additional 273 shares in the last quarter. Rothschild Investment Corp IL increased its position in shares of Allstate by 4.1% during the fourth quarter. Rothschild Investment Corp IL now owns 12,996 shares of the insurance provider’s stock worth $1,361,000 after purchasing an additional 516 shares in the last quarter. Dana Investment Advisors Inc. increased its position in shares of Allstate by 22.8% during the third quarter. Dana Investment Advisors Inc. now owns 2,838 shares of the insurance provider’s stock worth $261,000 after purchasing an additional 526 shares in the last quarter. Finally, BKD Wealth Advisors LLC increased its position in shares of Allstate by 20.8% during the fourth quarter. BKD Wealth Advisors LLC now owns 3,056 shares of the insurance provider’s stock worth $320,000 after purchasing an additional 526 shares in the last quarter. 76.49% of the stock is owned by institutional investors.

The stock has a market capitalization of $32,265.95, a PE ratio of 10.84, a PEG ratio of 1.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.25 and a quick ratio of 0.26.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.56. The business had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.09 billion. Allstate had a return on equity of 12.57% and a net margin of 8.28%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.17 earnings per share. sell-side analysts forecast that Allstate Corp will post 8.21 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $0.37. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.03%. Allstate’s dividend payout ratio is presently 17.68%.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://www.watchlistnews.com/investors-buy-shares-of-allstate-all-on-weakness-after-analyst-downgrade/1861906.html.

About Allstate

The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.

Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.