The Allstate Corporation (NYSE:ALL) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts have assigned The Allstate Corporation a consensus rating of "Moderate Buy", with varying levels of positive ratings from 20 brokerages, including 13 buy ratings and 2 strong buy ratings.
• Allstate's recent quarterly earnings surpassed expectations, reporting $5.94 EPS against a consensus estimate of $3.20, although revenue was slightly below estimates at $15.05 billion.
• The company has declared a quarterly dividend of $1.00 per share, translating to an annualized dividend of $4.00 and a yield of 1.9%.

Shares of The Allstate Corporation (NYSE:ALL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $234.50.

Several equities analysts have recently commented on the company. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $260.00 price target (up previously from $250.00) on shares of Allstate in a research note on Monday, August 4th. Citigroup raised Allstate to a "hold" rating in a research note on Wednesday, August 13th. Morgan Stanley increased their target price on Allstate from $235.00 to $245.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Cantor Fitzgerald raised Allstate to a "hold" rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Allstate in a research note on Wednesday.

Institutional Investors Weigh In On Allstate

Large investors have recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings 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 acquiring an additional 2,443 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Allstate in the 4th quarter valued at about $231,000. Farther Finance Advisors LLC increased its holdings in shares of Allstate by 169.4% in the 1st quarter. Farther Finance Advisors LLC now owns 5,615 shares of the insurance provider's stock valued at $1,165,000 after acquiring an additional 3,531 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of Allstate by 30.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,895 shares of the insurance provider's stock valued at $392,000 after acquiring an additional 439 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Allstate by 21.3% in the 1st quarter. GAMMA Investing LLC now owns 6,152 shares of the insurance provider's stock valued at $1,274,000 after acquiring an additional 1,082 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company's stock.

Allstate Stock Down 1.6%

Shares of NYSE:ALL opened at $205.59 on Friday. Allstate has a 52-week low of $176.00 and a 52-week high of $215.70. The business has a fifty day moving average of $206.06 and a two-hundred day moving average of $201.13. The stock has a market cap of $54.18 billion, a P/E ratio of 9.67, a PEG ratio of 0.80 and a beta of 0.38. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37.

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

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 1.9%. Allstate's dividend payout ratio is 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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