The Allstate Co. (NYSE:ALL) Receives $206.44 Consensus Target Price from Brokerages

Shares of The Allstate Co. (NYSE:ALL) have earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $207.19.

Several research analysts recently commented on ALL shares. Bank of America raised their price target on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Raymond James lifted their price target on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Friday, October 4th. Wells Fargo & Company dropped their price objective on Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Friday, August 16th. The Goldman Sachs Group lifted their target price on Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Finally, Jefferies Financial Group increased their price target on Allstate from $217.00 to $231.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th.

Insider Buying and Selling

In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $179.09, for a total value of $8,861,552.29. Following the completion of the sale, the executive vice president now owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $179.09, for a total value of $8,861,552.29. Following the completion of the transaction, the executive vice president now owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 88,552 shares in the company, valued at $15,880,915.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 192,530 shares of company stock worth $34,967,665 in the last ninety days. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Allstate

Institutional investors and hedge funds have recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in Allstate during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC purchased a new position in Allstate during the third quarter valued at $29,000. Versant Capital Management Inc lifted its holdings in Allstate by 70.9% during 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. Family Firm Inc. acquired a new stake in shares of Allstate in the second quarter valued at about $38,000. Finally, MCF Advisors LLC increased its stake in shares of Allstate by 33.9% during the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Stock Down 1.3 %

Shares of NYSE ALL opened at $184.18 on Friday. The company has a market cap of $48.63 billion, a P/E ratio of 11.93, a PEG ratio of 1.91 and a beta of 0.48. The firm has a 50-day simple moving average of $188.87 and a two-hundred day simple moving average of $175.16. Allstate has a 1 year low of $127.93 and a 1 year high of $198.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. Allstate had a return on equity of 27.74% and a net margin of 6.77%. The company had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the previous year, the business earned $0.81 EPS. Allstate’s revenue was up 14.7% compared to the same quarter last year. Research analysts anticipate that Allstate will post 14.16 earnings per share for the current year.

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.