The Allstate Corporation (NYSE:ALL) Receives $238.65 Average PT from Analysts

The Allstate Corporation (NYSE:ALL) has been given an average recommendation of “Moderate Buy” by the twenty-one research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, eight have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $240.5556.

Several research analysts have recently weighed in on ALL shares. Barclays increased their price objective on shares of Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a report on Wednesday, April 8th. Wells Fargo & Company increased their price objective on shares of Allstate from $227.00 to $229.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. TD Cowen lowered shares of Allstate from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Zacks Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Citigroup increased their price objective on shares of Allstate from $221.00 to $226.00 and gave the stock a “neutral” rating in a report on Friday, May 1st.

Insider Buying and Selling at Allstate

In related news, COO Mario Rizzo sold 18,578 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $218.80, for a total value of $4,064,866.40. Following the transaction, the chief operating officer owned 82,227 shares in the company, valued at approximately $17,991,267.60. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.55% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. MV Capital Management Inc. purchased a new position in Allstate in the fourth quarter valued at approximately $25,000. Harbor Capital Advisors Inc. raised its holdings in Allstate by 79.7% in the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the period. Navalign LLC purchased a new position in Allstate in the fourth quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC raised its holdings in Allstate by 112.3% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after buying an additional 73 shares during the period. Finally, Dorato Capital Management purchased a new position in Allstate in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Trading Down 0.6%

Shares of ALL stock opened at $218.55 on Wednesday. The firm has a market cap of $56.26 billion, a P/E ratio of 4.82, a PEG ratio of 0.43 and a beta of 0.21. Allstate has a 1-year low of $188.08 and a 1-year high of $222.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The firm’s 50-day simple moving average is $210.59 and its 200-day simple moving average is $205.97.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, topping the consensus estimate of $7.31 by $3.34. The business had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.53 EPS. As a group, equities analysts forecast that Allstate will post 27.15 EPS for the current year.

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.