Analysts Set The Allstate Co. (NYSE:ALL) Price Target at $175.88

Shares of The Allstate Co. (NYSE:ALL) have earned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $178.06.

Several brokerages have recently commented on ALL. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $194.00 target price on shares of Allstate in a research report on Friday, July 5th. Evercore ISI upped their target price on Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Morgan Stanley decreased their price target on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. HSBC upgraded shares of Allstate from a “hold” rating to a “buy” rating and upped their price objective for the company from $158.00 to $190.00 in a research note on Thursday, March 28th. Finally, StockNews.com lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 3rd.

Allstate Trading Down 0.8 %

NYSE:ALL opened at $172.29 on Thursday. The stock has a fifty day simple moving average of $164.02 and a 200 day simple moving average of $163.22. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $45.47 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 1.83 and a beta of 0.48. Allstate has a 1-year low of $104.29 and a 1-year high of $179.93.

Allstate (NYSE:ALL) last released its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The business had revenue of $15.26 billion for the quarter, compared to analyst estimates of $12.76 billion. During the same quarter in the previous year, the business earned ($1.30) earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. Sell-side analysts forecast that Allstate will post 13.64 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio (DPR) is 81.24%.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 45,775 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $177.28, for a total value of $8,114,992.00. Following the sale, the insider now owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Allstate

Several large investors have recently bought and sold shares of ALL. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Allstate in the first quarter valued at about $25,000. Private Wealth Management Group LLC bought a new stake in shares of Allstate in the 4th quarter worth approximately $25,000. Rise Advisors LLC acquired a new stake in shares of Allstate during the 1st quarter worth approximately $26,000. Northwest Investment Counselors LLC bought a new stake in shares of Allstate during the first quarter valued at approximately $26,000. Finally, Versant Capital Management Inc raised its stake in shares of Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

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.