The Allstate Co. (NYSE:ALL) Given Average Rating of “Moderate Buy” by Brokerages

The Allstate Co. (NYSE:ALL) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $216.94.

A number of research firms have weighed in on ALL. Wells Fargo & Company upped their price target on Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Bank of America increased their target price on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $222.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th.

Allstate Trading Up 2.9 %

Shares of NYSE:ALL opened at $191.45 on Thursday. The firm has a market cap of $50.70 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.70 and a beta of 0.52. Allstate has a 12 month low of $148.23 and a 12 month high of $209.88. The company’s fifty day simple moving average is $195.81 and its 200 day simple moving average is $185.19. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. As a group, research analysts forecast that Allstate will post 16.26 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Friday, November 29th. Allstate’s dividend payout ratio is presently 23.83%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. FSA Wealth Management LLC bought a new stake in shares of Allstate during the third quarter worth approximately $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate in the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new position in Allstate in the 3rd quarter valued at $29,000. Peoples Bank KS bought a new position in Allstate during the 4th quarter worth $49,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Allstate during the third quarter worth $58,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

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.