The Allstate Corporation (NYSE:ALL) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts have given The Allstate Corporation an average rating of "Moderate Buy", with a price target averaging $230.73, indicating a generally favorable outlook among brokers.
• Allstate recently reported $5.94 EPS for the quarter, significantly exceeding estimates of $3.20, but reported revenues fell short of expectations at $15.05 billion.
• The company declared a quarterly dividend of $1.00, resulting in a 1.9% yield, highlighting a commitment to returning value to its shareholders.

Shares of The Allstate Corporation (NYSE:ALL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eighteen analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $230.7333.

Several research analysts have commented on ALL shares. UBS Group upped their price objective on shares of Allstate from $230.00 to $235.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Keefe, Bruyette & Woods increased their price target on shares of Allstate from $237.00 to $246.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Raymond James Financial reiterated a "strong-buy" rating and issued a $260.00 price target (up from $250.00) on shares of Allstate in a research note on Monday, August 4th. Wells Fargo & Company set a $202.00 price target on shares of Allstate and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. Finally, Citigroup upgraded shares of Allstate to a "hold" rating in a research note on Wednesday, August 13th.

Institutional Trading of Allstate

Several institutional investors have recently bought and sold shares of ALL. Brighton Jones LLC grew its position in Allstate by 60.2% during the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock valued at $1,253,000 after purchasing an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Allstate during the 4th quarter valued at about $231,000. MML Investors Services LLC grew its position in Allstate by 51.1% during the 4th quarter. MML Investors Services LLC now owns 10,634 shares of the insurance provider's stock valued at $2,050,000 after purchasing an additional 3,595 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in Allstate by 4.8% during the 4th quarter. OneDigital Investment Advisors LLC now owns 4,501 shares of the insurance provider's stock valued at $868,000 after purchasing an additional 207 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its position in Allstate by 11.3% during the 4th quarter. Pinebridge Investments L.P. now owns 138,893 shares of the insurance provider's stock valued at $26,777,000 after purchasing an additional 14,128 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Stock Down 3.3%

Shares of NYSE ALL opened at $206.5650 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. Allstate has a 12 month low of $176.00 and a 12 month high of $214.76. The firm has a market capitalization of $54.43 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.87 and a beta of 0.35. The firm has a fifty day simple moving average of $199.03 and a two-hundred day simple moving average of $198.91.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, topping the consensus estimate of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business had revenue of $15.05 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same period in the prior year, the business earned $1.61 EPS. The company's revenue for the quarter was up 5.8% on a year-over-year basis. Equities analysts expect that Allstate will post 18.74 earnings per share for the current year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, August 29th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, August 29th. Allstate's dividend payout ratio (DPR) is presently 18.81%.

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.

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