The Allstate Corporation (NYSE:ALL) Given Consensus Recommendation of “Moderate Buy” by Analysts

The Allstate Corporation (NYSE:ALL) has earned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, eight have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $236.9286.

Several brokerages recently commented on ALL. William Blair lowered Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Evercore ISI set a $233.00 price target on Allstate and gave the company an “in-line” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. increased their price objective on shares of Allstate from $254.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Zacks Research downgraded shares of Allstate from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a report on Wednesday, October 8th.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 3,786 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $215.13, for a total value of $814,482.18. Following the completion of the sale, the insider owned 100,646 shares in the company, valued at $21,651,973.98. This represents a 3.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 28,807 shares of company stock worth $6,198,726 over the last three months. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Guerra Pan Advisors LLC increased its holdings in Allstate by 1.5% in the 2nd quarter. Guerra Pan Advisors LLC now owns 3,426 shares of the insurance provider’s stock worth $690,000 after acquiring an additional 49 shares in the last quarter. South Plains Financial Inc. increased its stake in shares of Allstate by 41.5% in the third quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 49 shares in the last quarter. Humankind Investments LLC increased its stake in shares of Allstate by 4.5% in the third quarter. Humankind Investments LLC now owns 1,191 shares of the insurance provider’s stock worth $256,000 after purchasing an additional 51 shares in the last quarter. Focus Financial Network Inc. raised its position in shares of Allstate by 1.1% during the 3rd quarter. Focus Financial Network Inc. now owns 4,693 shares of the insurance provider’s stock valued at $1,012,000 after purchasing an additional 52 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Allstate by 4.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,189 shares of the insurance provider’s stock valued at $239,000 after buying an additional 53 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors.

Allstate Stock Performance

Shares of ALL stock opened at $208.60 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average price of $204.55 and a 200-day moving average price of $202.67. Allstate has a 52 week low of $176.00 and a 52 week high of $215.89. The firm has a market capitalization of $54.59 billion, a PE ratio of 6.75, a P/E/G ratio of 0.38 and a beta of 0.25.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, topping analysts’ consensus estimates of $5.48 by $5.69. The business had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a net margin of 12.53% and a return on equity of 35.42%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.91 EPS. As a group, equities research analysts expect that Allstate will post 18.74 earnings per share for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, December 1st. Allstate’s dividend payout ratio (DPR) is currently 12.95%.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.