Allstate Corp (NYSE:ALL) has been given an average rating of “Hold” by the fourteen research firms that are covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $104.25.
A number of equities research analysts recently issued reports on ALL shares. Argus boosted their target price on shares of Allstate from $110.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 9th. Wells Fargo & Co restated a “hold” rating on shares of Allstate in a report on Thursday, May 17th. Zacks Investment Research downgraded shares of Allstate from a “buy” rating to a “hold” rating in a report on Tuesday, June 19th. ValuEngine downgraded shares of Allstate from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. Finally, B. Riley boosted their target price on shares of Allstate from $84.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, July 16th.
Allstate stock traded up $0.45 during trading on Wednesday, reaching $101.40. The company had a trading volume of 1,915,000 shares, compared to its average volume of 2,141,449. Allstate has a 12-month low of $85.59 and a 12-month high of $105.36. The company has a market cap of $34.82 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 1.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26.
Allstate (NYSE:ALL) last released its earnings results on Wednesday, August 1st. The insurance provider reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.45. Allstate had a net margin of 9.06% and a return on equity of 15.21%. The firm had revenue of $8.46 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the previous year, the firm earned $1.38 earnings per share. Allstate’s revenue was up 5.5% compared to the same quarter last year. sell-side analysts predict that Allstate will post 9.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, August 31st will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, August 30th. This represents a $1.84 annualized dividend and a yield of 1.81%. Allstate’s dividend payout ratio is currently 27.42%.
In other Allstate news, EVP Susan L. Lees sold 22,189 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $99.24, for a total transaction of $2,202,036.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Glenn T. Shapiro sold 21,728 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $98.70, for a total transaction of $2,144,553.60. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALL. Neumann Capital Management LLC boosted its stake in shares of Allstate by 2.1% in the first quarter. Neumann Capital Management LLC now owns 25,280 shares of the insurance provider’s stock valued at $2,397,000 after purchasing an additional 530 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Allstate by 2.5% in the first quarter. D.A. Davidson & CO. now owns 21,966 shares of the insurance provider’s stock valued at $2,082,000 after purchasing an additional 539 shares during the period. Atlantic Trust Group LLC boosted its stake in shares of Allstate by 1.1% in the first quarter. Atlantic Trust Group LLC now owns 51,832 shares of the insurance provider’s stock valued at $4,913,000 after purchasing an additional 541 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Allstate by 41.5% in the second quarter. Valeo Financial Advisors LLC now owns 1,859 shares of the insurance provider’s stock valued at $183,000 after purchasing an additional 545 shares during the period. Finally, Townsend & Associates Inc boosted its stake in shares of Allstate by 8.5% in the second quarter. Townsend & Associates Inc now owns 7,144 shares of the insurance provider’s stock valued at $652,000 after purchasing an additional 558 shares during the period. Institutional investors own 76.21% of the company’s stock.
The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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