The Allstate Co. (NYSE:ALL) Receives $218.13 Consensus PT from Analysts

Shares of The Allstate Co. (NYSE:ALL) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $218.13.

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Bank of America increased their price target on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research report on Friday, October 18th. The Goldman Sachs Group boosted their price objective on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley boosted their price target on shares of Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a report on Thursday, November 7th.

Allstate Stock Down 0.9 %

Shares of NYSE:ALL opened at $190.24 on Monday. 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 stock has a market cap of $50.37 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 1.47 and a beta of 0.52. The company has a 50 day moving average of $192.75 and a 200-day moving average of $188.86. Allstate has a one year low of $153.87 and a one year high of $209.88.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $5.40 by $2.27. Allstate had a net margin of 6.77% and a return on equity of 26.67%. On average, sell-side analysts forecast that Allstate will post 16.96 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio is presently 23.83%.

Institutional Trading of Allstate

A number of institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC raised its holdings in Allstate by 8.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,718 shares of the insurance provider’s stock worth $1,681,000 after acquiring an additional 709 shares in the last quarter. Natural Investments LLC bought a new stake in shares of Allstate during the 4th quarter worth approximately $1,200,000. Citizens Financial Group Inc. RI boosted its holdings in shares of Allstate by 8.9% in the 4th quarter. Citizens Financial Group Inc. RI now owns 2,532 shares of the insurance provider’s stock valued at $488,000 after buying an additional 206 shares during the last quarter. Sage Mountain Advisors LLC grew its stake in shares of Allstate by 33.9% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,221 shares of the insurance provider’s stock valued at $428,000 after buying an additional 562 shares in the last quarter. Finally, Morton Community Bank increased its holdings in Allstate by 0.7% during the fourth quarter. Morton Community Bank now owns 20,435 shares of the insurance provider’s stock worth $3,940,000 after buying an additional 145 shares during 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.