The Allstate Corporation (ALL) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts give Allstate a consensus “Hold” rating: Of 22 brokerages, 10 recommend holding, 9 recommend buying or strong buying, and 3 recommend selling. The average 12-month price target is $273.48.
• Allstate beat quarterly earnings expectations: It reported EPS of $9.76 versus the $6.89 consensus and revenue of $17.35 billion versus expectations of $15.87 billion.
• The company declared a quarterly dividend of $1.08 per share, equivalent to $4.32 annually and a yield of about 1.6%.

The Allstate Corporation (NYSE:ALL - Get Free Report) has been given an average rating of "Hold" by the twenty-two brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $273.48.

A number of analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Allstate from $236.00 to $252.00 and gave the stock an "equal weight" rating in a research report on Friday, November 6th. Citigroup increased their price objective on Allstate from $215.00 to $225.00 and gave the company a "sell" rating in a research report on Friday, November 6th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Allstate in a research report on Thursday. BMO Capital Markets upped their price target on shares of Allstate from $250.00 to $284.00 and gave the company an "outperform" rating in a research report on Thursday, August 13th. Finally, UBS Group increased their price target on shares of Allstate from $275.00 to $283.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 10th.

Institutional Investors Weigh In On Allstate

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gables Capital Management Inc. bought a new position in Allstate in the 2nd quarter worth approximately $26,000. Kelleher Financial Advisors purchased a new stake in Allstate during the 2nd quarter valued at approximately $28,000. Allied Private Wealth LLC bought a new stake in shares of Allstate during the second quarter valued at approximately $29,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Allstate in the first quarter worth $30,000. Finally, Prudent Man Investment Management Inc. purchased a new position in shares of Allstate in the third quarter worth $30,000. Institutional investors own 76.47% of the company's stock.

Allstate Trading Up 0.4%

NYSE:ALL traded up $1.13 during mid-day trading on Friday, reaching $267.82. 1,311,089 shares of the company's stock traded hands, compared to its average volume of 1,700,234. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market capitalization of $66.27 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 1.19 and a beta of 0.13. The company has a 50 day moving average price of $246.15 and a 200-day moving average price of $231.53. Allstate has a 12-month low of $191.13 and a 12-month high of $281.11.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share for the quarter, beating the consensus estimate of $6.89 by $2.87. The business had revenue of $17.35 billion for the quarter, compared to analysts' expectations of $15.87 billion. Allstate had a net margin of 16.57% and a return on equity of 38.37%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $11.17 earnings per share. On average, sell-side analysts predict that Allstate will post 37.33 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Monday, November 30th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, November 30th. Allstate's dividend payout ratio (DPR) is currently 9.78%.

Allstate Company Profile

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance. The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.

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