The Allstate Corporation (NYSE:ALL) Given Consensus Recommendation of "Moderate Buy" by Brokerages

The Allstate Corporation (NYSE:ALL - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seventeen research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, fourteen have assigned a buy recommendation and one has given 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 $225.20.

Several equities research analysts have recently weighed in on ALL shares. Morgan Stanley upped their price target on shares of Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Allstate in a report on Friday, May 16th. Wells Fargo & Company decreased their price objective on Allstate from $200.00 to $197.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Wall Street Zen raised shares of Allstate from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th.

Institutional Investors Weigh In On Allstate

Institutional investors have recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock valued at $1,253,000 after buying an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Allstate in the fourth quarter valued at approximately $231,000. Stenger Family Office LLC acquired a new stake in shares of Allstate in the fourth quarter valued at about $439,000. Fisher Asset Management LLC lifted its position in shares of Allstate by 10.8% during the 4th quarter. Fisher Asset Management LLC now owns 3,148 shares of the insurance provider's stock valued at $607,000 after acquiring an additional 306 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Allstate by 15.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,620 shares of the insurance provider's stock worth $312,000 after purchasing an additional 216 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Trading Up 1.0%

NYSE ALL traded up $2.03 during trading hours on Thursday, hitting $196.72. 963,005 shares of the company were exchanged, compared to its average volume of 1,629,969. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average price of $201.26 and a 200 day moving average price of $196.57. The stock has a market cap of $52.09 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.04 and a beta of 0.33. Allstate has a 52 week low of $157.50 and a 52 week high of $213.18.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). Allstate had a net margin of 6.19% and a return on equity of 24.62%. The business had revenue of $14.30 billion for the quarter, compared to analysts' expectations of $16.41 billion. Allstate's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.13 EPS. Analysts forecast that Allstate will post 18.74 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 9th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, June 9th. Allstate's dividend payout ratio is currently 27.32%.

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.