Allstate Corp (NYSE:ALL) has received a consensus recommendation of “Hold” from the nineteen research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $98.71.
A number of equities research analysts have weighed in on ALL shares. Keefe, Bruyette & Woods downgraded Allstate from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded Allstate from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Wednesday, January 3rd. Wells Fargo & Co downgraded Allstate from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 9th. Goldman Sachs Group started coverage on Allstate in a research report on Monday, December 4th. They issued a “neutral” rating and a $104.00 target price for the company. Finally, ValuEngine upgraded Allstate from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
Large investors have recently made changes to their positions in the business. Financial Engines Advisors L.L.C. acquired a new stake in Allstate during the 3rd quarter valued at $116,000. Rational Advisors LLC acquired a new position in shares of Allstate in the fourth quarter worth $126,000. Taylor Hoffman Wealth Management acquired a new position in shares of Allstate in the fourth quarter worth $131,000. Synovus Financial Corp acquired a new position in shares of Allstate in the third quarter worth $137,000. Finally, Americafirst Capital Management LLC acquired a new position in shares of Allstate in the third quarter worth $138,000. 75.36% of the stock is currently owned by institutional investors.
Shares of Allstate (NYSE ALL) traded down $0.04 during midday trading on Wednesday, hitting $93.39. The stock had a trading volume of 2,257,631 shares, compared to its average volume of 2,772,694. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market capitalization of $32,925.61, a P/E ratio of 11.16, a PEG ratio of 1.34 and a beta of 1.00. Allstate has a fifty-two week low of $79.09 and a fifty-two week high of $105.36.
Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.56. The business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.09 billion. Allstate had a return on equity of 12.57% and a net margin of 8.28%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.17 earnings per share. equities research analysts forecast that Allstate will post 8.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be paid a dividend of $0.46 per share. This is an increase from Allstate’s previous quarterly dividend of $0.37. This represents a $1.84 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, March 2nd. Allstate’s payout ratio is 21.98%.
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Allstate Company Profile
The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.
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