Allstate - ALL Stock Forecast, Price & News

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names. The Protection Services segment provides consumer product protection plans and related technical support for mobile phones, consumer electronics, furniture, and appliances; finance and insurance products, including vehicle service contracts, guaranteed asset protection waivers, road hazard tire and wheel, and paint and fabric protection; roadside assistance; device and mobile data collection services; data and analytic solutions using automotive telematics information; and identity protection services. This segment offers its products under various brands including Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside Services, Arity, and Allstate Identity Protection. The Allstate Health and Benefits provides life, accident, critical illness, short-term disability, and other health insurance products. The Run-off Property-Liability offers property and casualty insurance. It sells its products through call centers, agencies, financial specialists, independent agents, brokers, wholesale partners, and affinity groups, as well as through online and mobile applications. The Allstate Corporation was founded in 1931 and is based in Northbrook, Illinois.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ALL. Raymond James lowered their price objective on shares of Allstate from $165.00 to $155.00 in a research note on Thursday, July 21st. TheStreet lowered shares of Allstate from a "b" rating to a "c+" rating in a research note on Wednesday. Morgan Stanley decreased their price objective on shares of Allstate from $152.00 to $139.00 and set an "equal weight" rating for the company in a report on Monday, May 23rd. Citigroup began coverage on shares of Allstate in a research note on Monday, May 23rd. They set a "buy" rating and a $159.00 price objective for the company. Finally, Wells Fargo & Company lowered their price objective on shares of Allstate from $116.00 to $110.00 and set an "underweight" rating for the company in a report on Thursday, July 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $142.58.

Allstate Trading Up 2.7 %

Shares of NYSE:ALL traded up $3.08 during trading on Friday, hitting $117.00. 1,454,286 shares of the company's stock were exchanged, compared to its average volume of 1,981,759. The company has a current ratio of 0.40, a quick ratio of 0.43 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $124.31 and a two-hundred day moving average price of $127.75. Allstate has a 1-year low of $106.11 and a 1-year high of $144.46. The firm has a market cap of $31.63 billion, a P/E ratio of 40.77, a PEG ratio of 5.06 and a beta of 0.73.

Allstate (NYSE:ALL - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The insurance provider reported ($0.76) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.27) by $0.51. Allstate had a net margin of 1.99% and a return on equity of 7.53%. During the same period last year, the firm posted $3.79 earnings per share. Equities analysts predict that Allstate will post 5.36 earnings per share for the current year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Wednesday, August 31st will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.91%. Allstate's dividend payout ratio (DPR) is 118.47%.

Insider Activity

In other Allstate news, CEO Thomas J. Wilson sold 142,000 shares of the stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $133.39, for a total transaction of $18,941,380.00. Following the completion of the sale, the chief executive officer now directly owns 99,828 shares of the company's stock, valued at approximately $13,316,056.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.77% of the company's stock.