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

Key Points

• The Allstate Corporation has received a consensus rating of "Moderate Buy" from eighteen brokerages, with target prices ranging from $198.00 to $260.00.
• During the second quarter, several institutional investors significantly increased their stakes in Allstate, with Arlington Trust Co. growing its stake by 261.8%.
• Allstate recently declared a quarterly dividend of $1.00 per share, yielding 2.0%, with a payout ratio of 18.81%.

Shares of The Allstate Corporation (NYSE:ALL - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eighteen brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $231.2143.

Several brokerages have weighed in on ALL. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $260.00 target price (up from $250.00) on shares of Allstate in a research report on Monday, August 4th. Keefe, Bruyette & Woods increased their target price on Allstate from $237.00 to $246.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. BMO Capital Markets increased their target price on Allstate from $230.00 to $235.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Wall Street Zen raised Allstate from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Finally, Barclays reaffirmed an "underweight" rating and issued a $198.00 target price (up from $188.00) on shares of Allstate in a research report on Thursday, July 31st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Arlington Trust Co LLC grew its stake in shares of Allstate by 261.8% in the second quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider's stock worth $25,000 after purchasing an additional 89 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of Allstate in the first quarter worth $28,000. Clearstead Trust LLC grew its stake in shares of Allstate by 3,800.0% in the second quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider's stock worth $31,000 after purchasing an additional 152 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Allstate by 315.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider's stock worth $33,000 after purchasing an additional 126 shares in the last quarter. Finally, Hilltop National Bank bought a new position in Allstate during the second quarter valued at about $34,000. Institutional investors own 76.47% of the company's stock.

Allstate Stock Performance

ALL stock opened at $196.92 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The firm has a market cap of $51.89 billion, a P/E ratio of 9.26, a P/E/G ratio of 0.80 and a beta of 0.37. Allstate has a 12-month low of $176.00 and a 12-month high of $214.76. The stock's 50 day simple moving average is $201.04 and its 200 day simple moving average is $200.48.

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

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $4.00 annualized dividend and a dividend yield of 2.0%. Allstate's dividend payout ratio is presently 18.81%.

About Allstate

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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