Brokerages Set The Allstate Co. (NYSE:ALL) Target Price at $174.88

Shares of The Allstate Co. (NYSE:ALL) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $174.88.

Several equities analysts have weighed in on the stock. Evercore ISI lifted their price objective 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. JPMorgan Chase & Co. increased their price objective on Allstate from $185.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. StockNews.com cut Allstate from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 3rd. Morgan Stanley raised their price target on shares of Allstate from $187.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $194.00 target price on shares of Allstate in a research report on Friday, June 21st.

Allstate Price Performance

Shares of NYSE:ALL opened at $160.04 on Friday. The company has a market capitalization of $42.24 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 1.90 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a fifty day moving average of $166.32 and a 200-day moving average of $159.84. Allstate has a one year low of $100.57 and a one year high of $177.37.

Allstate (NYSE:ALL) last released its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, beating analysts’ consensus estimates of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The business had revenue of $15.26 billion during the quarter, compared to analyst estimates of $12.76 billion. During the same quarter last year, the company posted ($1.30) EPS. Allstate’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities analysts anticipate that Allstate will post 12.15 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, May 31st will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Friday, May 31st. Allstate’s dividend payout ratio is 81.24%.

Institutional Trading of Allstate

Several large investors have recently modified their holdings of ALL. E Fund Management Hong Kong Co. Ltd. bought a new stake in Allstate during the first quarter valued at about $25,000. Rise Advisors LLC acquired a new position in shares of Allstate during the first quarter worth approximately $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Allstate in the first quarter valued at approximately $26,000. Private Wealth Management Group LLC bought a new position in Allstate during the fourth quarter worth $25,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Allstate during the 4th quarter valued at $36,000. 76.47% of the stock is owned by institutional investors.

About Allstate

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.