The Allstate Corporation (NYSE:ALL) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Moderate Buy consensus from 20 analysts (1 sell, 8 hold, 8 buy, 3 strong buy) with an average 12‑month target of $238.88.
• Allstate sharply beat quarterly expectations with EPS $14.31 vs. $8.72 and revenue $17.35B (up 5.1% YoY), reporting a 15.19% net margin and 39.2% ROE; analysts project FY EPS of 18.74.
• The company raised its quarterly dividend to $1.08 ($4.32 annual, ~2.1% yield), while the stock trades at a low valuation (PE 5.43) and market cap of $53.86 billion.

The Allstate Corporation (NYSE:ALL - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $238.8824.

Several equities analysts have recently issued reports on ALL shares. Raymond James Financial reiterated a "strong-buy" rating and issued a $260.00 price target on shares of Allstate in a research note on Tuesday, March 3rd. TD Cowen downgraded Allstate from a "buy" rating to a "hold" rating in a research report on Monday, January 12th. Keefe, Bruyette & Woods raised their price objective on Allstate from $254.00 to $260.00 and gave the company an "outperform" rating in a research note on Tuesday, February 10th. Weiss Ratings reiterated a "buy (b)" rating on shares of Allstate in a research report on Wednesday, January 21st. Finally, Roth Mkm boosted their target price on Allstate from $230.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, November 26th.

Allstate Stock Performance

Shares of Allstate stock opened at $207.53 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The company has a market cap of $53.86 billion, a PE ratio of 5.43, a price-to-earnings-growth ratio of 0.44 and a beta of 0.23. The company has a 50 day moving average of $204.63 and a 200-day moving average of $204.64. Allstate has a 1-year low of $176.00 and a 1-year high of $216.75.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.72 by $5.59. Allstate had a net margin of 15.19% and a return on equity of 39.20%. The business had revenue of $17.35 billion for the quarter, compared to analysts' expectations of $17.23 billion. During the same period last year, the firm posted $7.67 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that Allstate will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be given a $1.08 dividend. This is an increase from Allstate's previous quarterly dividend of $1.00. This represents a $4.32 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, March 2nd. Allstate's dividend payout ratio (DPR) is 11.31%.

Insider Activity

In other news, insider Suren Gupta sold 19,593 shares of the company's stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the transaction, the insider owned 100,646 shares of the company's stock, valued at $21,135,660. This represents a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.70% of the company's stock.

Institutional Trading of Allstate

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new position in shares of Allstate during the 4th quarter valued at $25,000. Harbor Capital Advisors Inc. grew its holdings in Allstate by 79.7% in the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider's stock worth $27,000 after purchasing an additional 55 shares during the period. Dorato Capital Management bought a new stake in Allstate in the fourth quarter valued at $27,000. Navalign LLC acquired a new position in shares of Allstate during the fourth quarter valued at about $27,000. Finally, Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Allstate by 112.3% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider's stock valued at $30,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 76.47% of the company's stock.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.

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