Several brokerages have updated their recommendations and price targets on shares of Allstate Corporation (The) (NYSE: ALL) in the last few weeks:

  • 8/11/2017 – Allstate Corporation (The) had its price target raised by analysts at Barclays PLC from $101.00 to $107.00. They now have an “overweight” rating on the stock.
  • 8/8/2017 – Allstate Corporation (The) was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $96.00 price target on the stock, up previously from $90.00.
  • 8/3/2017 – Allstate Corporation (The) had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $94.00 price target on the stock, up previously from $86.00.
  • 8/2/2017 – Allstate Corporation (The) was downgraded by analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating. They now have a $96.00 price target on the stock, up previously from $90.00.
  • 8/1/2017 – Allstate Corporation (The) had its “buy” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/31/2017 – Allstate Corporation (The) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/20/2017 – Allstate Corporation (The) had its “buy” rating reaffirmed by analysts at Wells Fargo & Company.
  • 7/13/2017 – Allstate Corporation (The) had its price target raised by analysts at Citigroup Inc. from $97.00 to $102.00. They now have a “buy” rating on the stock.
  • 7/12/2017 – Allstate Corporation (The) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/6/2017 – Allstate Corporation (The) had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $91.00 price target on the stock, up previously from $85.00.
  • 7/3/2017 – Allstate Corporation (The) had its price target lowered by analysts at Barclays PLC from $101.00 to $92.00. They now have an “overweight” rating on the stock.
  • 6/24/2017 – Allstate Corporation (The) had its “buy” rating reaffirmed by analysts at Wells Fargo & Company.
  • 6/20/2017 – Allstate Corporation (The) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/16/2017 – Allstate Corporation (The) had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $88.00 price target on the stock.
  • 6/15/2017 – Allstate Corporation (The) had its “buy” rating reaffirmed by analysts at Wells Fargo & Company.

Allstate Corporation (ALL) opened at 94.16 on Friday. The company’s 50-day moving average is $90.07 and its 200 day moving average is $84.22. Allstate Corporation has a 52 week low of $66.55 and a 52 week high of $94.70. The company has a market capitalization of $34.03 billion, a price-to-earnings ratio of 13.91 and a beta of 1.10.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.48. The business had revenue of $8.02 billion for the quarter, compared to the consensus estimate of $7.99 billion. Allstate Corporation (The) had a net margin of 7.02% and a return on equity of 12.73%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 EPS. On average, analysts forecast that Allstate Corporation will post $6.50 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, August 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Tuesday, August 29th. Allstate Corporation (The)’s payout ratio is currently 21.86%.

In other Allstate Corporation (The) news, CFO Steven E. Shebik sold 35,197 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $94.28, for a total transaction of $3,318,373.16. Following the transaction, the chief financial officer now directly owns 127,560 shares of the company’s stock, valued at approximately $12,026,356.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Susan L. Lees sold 12,288 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $94.09, for a total transaction of $1,156,177.92. Following the transaction, the executive vice president now directly owns 73,511 shares in the company, valued at $6,916,649.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 218,162 shares of company stock worth $19,450,439. Insiders own 1.58% of the company’s stock.

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.

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