The Allstate Co. (NYSE:ALL) Receives $174.18 Average PT from Brokerages

The Allstate Co. (NYSE:ALL) has received a consensus rating of “Moderate Buy” from the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $174.18.

A number of analysts recently issued reports on ALL shares. HSBC raised Allstate from a “hold” rating to a “buy” rating and upped their target price for the company from $158.00 to $190.00 in a research report on Thursday, March 28th. Evercore ISI raised their target price on shares of Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Raymond James upped their price target on shares of Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. BMO Capital Markets raised their price objective on shares of Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a research report on Friday, January 19th. Finally, Roth Mkm upped their target price on shares of Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 8th.

Insider Activity at Allstate

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the transaction, the chief accounting officer now directly owns 10,736 shares in the company, valued at $1,712,069.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of the transaction, the insider now owns 63,731 shares in the company, valued at $10,847,016.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the transaction, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Allstate

Hedge funds have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Allstate in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Allstate in the 1st quarter valued at approximately $25,000. Private Wealth Management Group LLC acquired a new stake in Allstate during the 4th quarter valued at $25,000. Rise Advisors LLC purchased a new position in Allstate during the first quarter worth $26,000. Finally, Northwest Investment Counselors LLC purchased a new position in Allstate during the first quarter worth $26,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Up 1.2 %

ALL stock opened at $170.28 on Friday. The stock has a market cap of $44.94 billion, a P/E ratio of 37.59, a PEG ratio of 0.39 and a beta of 0.51. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. Allstate has a twelve month low of $100.57 and a twelve month high of $177.37. The company’s 50 day moving average is $166.44 and its two-hundred day moving average is $151.91.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping the consensus estimate of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The firm had revenue of $15.26 billion for the quarter, compared to analyst estimates of $12.76 billion. During the same period last year, the business earned ($1.30) EPS. Allstate’s revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts expect that Allstate will post 14.57 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Allstate’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.16%. Allstate’s dividend payout ratio is 81.24%.

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.