The Allstate Corporation (NYSE:ALL) Receives $236.19 Average Price Target from Analysts

Shares of The Allstate Corporation (NYSE:ALL) have been given an average rating of “Moderate Buy” by the twenty ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, eight have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $236.1875.

Several research firms have issued reports on ALL. JPMorgan Chase & Co. boosted their target price on Allstate from $254.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a report on Wednesday. Keefe, Bruyette & Woods increased their price objective on Allstate from $250.00 to $254.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Mizuho set a $255.00 target price on shares of Allstate in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group set a $227.00 price target on shares of Allstate in a report on Wednesday, January 7th.

Insider Buying and Selling at Allstate

In related news, insider Suren Gupta sold 19,593 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the transaction, the insider directly owned 100,646 shares of the company’s stock, valued at $21,135,660. This trade represents a 16.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 48,400 shares of company stock valued at $10,313,256. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its holdings in Allstate by 79.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares in the last quarter. Dorato Capital Management purchased a new position in shares of Allstate during the 4th quarter worth approximately $27,000. Barnes Dennig Private Wealth Management LLC raised its position in shares of Allstate by 112.3% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 73 shares during the last quarter. Clearstead Trust LLC lifted its stake in Allstate by 3,800.0% in the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider’s stock valued at $31,000 after buying an additional 152 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its stake in Allstate by 101.3% in the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of ALL opened at $193.54 on Monday. The stock has a market capitalization of $50.65 billion, a P/E ratio of 6.27, a P/E/G ratio of 0.43 and a beta of 0.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.43 and a current ratio of 0.43. Allstate has a 1 year low of $176.00 and a 1 year high of $215.89. The company’s fifty day moving average is $205.96 and its two-hundred day moving average is $203.25.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, topping the consensus estimate of $5.48 by $5.69. The company had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a net margin of 12.53% and a return on equity of 35.42%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $3.91 EPS. On average, sell-side analysts predict that Allstate will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, December 1st. Allstate’s dividend payout ratio (DPR) is presently 12.95%.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.