The Allstate Corporation (NYSE:ALL) Receives Average Rating of “Moderate Buy” from Analysts

Shares of The Allstate Corporation (NYSE:ALL) have received an average rating of “Moderate Buy” from the twenty research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, eight have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $238.8824.

Several equities research analysts have commented on ALL shares. Evercore set a $225.00 target price on shares of Allstate in a research note on Wednesday, January 7th. Cantor Fitzgerald reissued a “neutral” rating and issued a $220.00 price target on shares of Allstate in a report on Thursday, February 5th. Keefe, Bruyette & Woods upped their price objective on shares of Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. William Blair downgraded Allstate from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $260.00 target price on shares of Allstate in a research note on Tuesday, March 3rd.

Insider Transactions at Allstate

In related news, insider Suren Gupta sold 19,593 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the completion of the sale, the insider directly owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. This represents a 16.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. World Investment Advisors increased its position in shares of Allstate by 26.2% during the fourth quarter. World Investment Advisors now owns 39,946 shares of the insurance provider’s stock worth $8,315,000 after acquiring an additional 8,290 shares in the last quarter. Larry Mathis Financial Planning LLC bought a new stake in Allstate in the 4th quarter valued at $293,000. Corient Private Wealth LLC boosted its stake in Allstate by 4.6% in the 4th quarter. Corient Private Wealth LLC now owns 250,249 shares of the insurance provider’s stock worth $52,092,000 after purchasing an additional 11,119 shares during the period. Hsbc Holdings PLC boosted its stake in Allstate by 8.1% in the 4th quarter. Hsbc Holdings PLC now owns 1,141,943 shares of the insurance provider’s stock worth $238,232,000 after purchasing an additional 85,808 shares during the period. Finally, Pure Financial Advisors LLC increased its holdings in Allstate by 39.1% during the 4th quarter. Pure Financial Advisors LLC now owns 1,850 shares of the insurance provider’s stock worth $385,000 after purchasing an additional 520 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Price Performance

Allstate stock opened at $206.22 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $53.52 billion, a P/E ratio of 5.40, a PEG ratio of 0.43 and a beta of 0.23. The business has a 50-day moving average of $204.52 and a 200-day moving average of $204.70. Allstate has a 1 year low of $176.00 and a 1 year high of $216.75.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The business had revenue of $17.35 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same period last year, the company posted $7.67 EPS. Allstate’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that Allstate will post 18.74 EPS for the current year.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be given a $1.08 dividend. The ex-dividend date is Monday, March 2nd. This represents a $4.32 annualized dividend and a dividend yield of 2.1%. This is a boost from Allstate’s previous quarterly dividend of $1.00. Allstate’s payout ratio is presently 11.31%.

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.