Allstate (NYSE:ALL) Price Target Raised to $186.00

Allstate (NYSE:ALL) had its price objective hoisted by Wells Fargo & Company from $175.00 to $186.00 in a research note released on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the insurance provider’s stock.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group lifted their price target on Allstate from $217.00 to $231.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. UBS Group raised their target price on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. increased their price target on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Evercore ISI boosted their price objective on Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Finally, BMO Capital Markets increased their target price on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.31.

Allstate Stock Performance

Shares of NYSE ALL opened at $190.55 on Tuesday. Allstate has a one year low of $127.93 and a one year high of $198.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market cap of $50.46 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 1.71 and a beta of 0.48. The stock’s fifty day moving average price is $188.89 and its two-hundred day moving average price is $175.59.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities analysts forecast that Allstate will post 15.23 EPS for the current year.

Insiders Place Their Bets

In other news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the sale, the insider now directly owns 27,364 shares of the company’s stock, valued at $5,236,922.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the transaction, the chief executive officer now directly owns 88,552 shares of the company’s stock, valued at $15,880,915.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the sale, the insider now directly owns 27,364 shares in the company, valued at $5,236,922.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 192,530 shares of company stock worth $34,967,665. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALL. Fifth Third Wealth Advisors LLC increased its stake in shares of Allstate by 10.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 5,674 shares of the insurance provider’s stock worth $1,076,000 after purchasing an additional 535 shares in the last quarter. Prospera Financial Services Inc lifted its stake in Allstate by 8.8% in the 3rd quarter. Prospera Financial Services Inc now owns 2,389 shares of the insurance provider’s stock worth $453,000 after purchasing an additional 194 shares in the last quarter. OneAscent Financial Services LLC boosted its holdings in Allstate by 20.1% in the 3rd quarter. OneAscent Financial Services LLC now owns 1,530 shares of the insurance provider’s stock valued at $291,000 after purchasing an additional 256 shares during the period. Caprock Group LLC grew its position in shares of Allstate by 2.4% during the 3rd quarter. Caprock Group LLC now owns 13,568 shares of the insurance provider’s stock valued at $2,585,000 after purchasing an additional 318 shares in the last quarter. Finally, Meeder Advisory Services Inc. raised its position in shares of Allstate by 3.7% in the third quarter. Meeder Advisory Services Inc. now owns 6,064 shares of the insurance provider’s stock worth $1,150,000 after buying an additional 215 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

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.