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.

Analysts Set New Price Targets

A number of research firms have weighed in on ALL. 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. Piper Sandler reduced their price objective on shares of Allstate from $150.00 to $147.00 and set an "overweight" rating for the company in a research note on Friday, April 22nd. Argus lowered shares of Allstate from a "buy" rating to a "hold" rating in a research note on Friday, May 20th. Raymond James reduced their price objective on shares of Allstate from $165.00 to $155.00 in a research note on Thursday, July 21st. Finally, Barclays reduced their price objective on shares of Allstate from $123.00 to $120.00 and set an "equal weight" rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $142.33.

Allstate Stock Performance

NYSE:ALL traded up $1.55 during trading hours on Monday, hitting $118.55. 41,168 shares of the company's stock traded hands, compared to its average volume of 2,105,746. The business's fifty day moving average price is $124.31 and its two-hundred day moving average price is $127.75. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $32.60 billion, a P/E ratio of 41.58, a P/E/G ratio of 3.54 and a beta of 0.73. Allstate has a 52 week low of $106.11 and a 52 week high of $144.46.

Allstate (NYSE:ALL - Get Rating) last announced its earnings results on Wednesday, August 3rd. The insurance provider reported ($0.76) earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the business earned $3.79 earnings per share. Equities research analysts predict that Allstate will post 5.36 EPS for the current year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Wednesday, August 31st will be given a dividend of $0.85 per share. The ex-dividend date is Tuesday, August 30th. This represents a $3.40 annualized dividend and a yield of 2.87%. Allstate's dividend payout ratio (DPR) is 118.47%.

Insider Activity at Allstate

In other Allstate news, CEO Thomas J. Wilson sold 142,000 shares of Allstate 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 transaction, the chief executive officer now owns 99,828 shares of the company's stock, valued at $13,316,056.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.77% of the stock is currently owned by company insiders.