The Allstate Co. (NYSE:ALL) Receives $218.13 Average Price Target from Analysts

The Allstate Co. (NYSE:ALL) has received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $218.13.

Several research analysts have commented on ALL shares. JPMorgan Chase & Co. raised their price objective on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Morgan Stanley upped their price target on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Barclays dropped their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised their price target on shares of Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, BMO Capital Markets boosted their price objective on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, October 18th.

Allstate Trading Up 1.1 %

NYSE ALL opened at $192.92 on Monday. Allstate has a 12 month low of $153.87 and a 12 month high of $209.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The company has a 50-day moving average of $193.38 and a 200-day moving average of $188.81. The company has a market cap of $51.09 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.47 and a beta of 0.52.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, beating the consensus estimate of $5.40 by $2.27. Allstate had a net margin of 6.77% and a return on equity of 26.67%. As a group, equities analysts predict that Allstate will post 16.96 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio (DPR) is 23.83%.

Institutional Trading of Allstate

A number of large investors have recently modified their holdings of ALL. Sanctuary Advisors LLC bought a new stake in shares of Allstate during the 2nd quarter worth about $3,256,000. Centaurus Financial Inc. raised its holdings in Allstate by 43.0% during the second quarter. Centaurus Financial Inc. now owns 841 shares of the insurance provider’s stock worth $134,000 after purchasing an additional 253 shares in the last quarter. Czech National Bank lifted its position in Allstate by 7.0% in the third quarter. Czech National Bank now owns 53,787 shares of the insurance provider’s stock worth $10,201,000 after purchasing an additional 3,496 shares during the period. Park Avenue Securities LLC boosted its stake in Allstate by 16.5% during the 3rd quarter. Park Avenue Securities LLC now owns 7,233 shares of the insurance provider’s stock valued at $1,372,000 after purchasing an additional 1,024 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in shares of Allstate by 2.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 56,957 shares of the insurance provider’s stock worth $10,802,000 after buying an additional 1,426 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.