The Allstate Corporation (NYSE:ALL) Receives $234.27 Consensus Price Target from Brokerages

Shares of The Allstate Corporation (NYSE:ALL) have been given an average recommendation of “Moderate Buy” by the nineteen research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $236.5333.

A number of equities analysts have weighed in on ALL shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a research note on Wednesday, October 8th. Jefferies Financial Group raised their price objective on Allstate from $254.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods lifted their price objective on Allstate from $237.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Evercore ISI set a $233.00 target price on Allstate and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Finally, Barclays restated an “underweight” rating and set a $198.00 price target (up from $188.00) on shares of Allstate in a report on Thursday, July 31st.

Institutional Investors Weigh In On Allstate

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Allstate by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock valued at $6,690,584,000 after acquiring an additional 435,145 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Allstate by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock worth $2,424,710,000 after purchasing an additional 2,374,684 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Allstate by 1.2% during the second quarter. Geode Capital Management LLC now owns 6,714,629 shares of the insurance provider’s stock valued at $1,345,961,000 after purchasing an additional 79,366 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Allstate by 2.5% during the second quarter. Franklin Resources Inc. now owns 4,670,113 shares of the insurance provider’s stock valued at $940,140,000 after purchasing an additional 112,858 shares in the last quarter. Finally, GQG Partners LLC boosted its position in shares of Allstate by 2.1% during the first quarter. GQG Partners LLC now owns 4,405,701 shares of the insurance provider’s stock valued at $912,288,000 after buying an additional 89,185 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of ALL stock opened at $202.29 on Wednesday. The company’s fifty day moving average price is $201.86 and its 200-day moving average price is $201.14. The stock has a market cap of $53.30 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. Allstate has a 12 month low of $176.00 and a 12 month high of $215.70.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.48 by $5.69. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same period last year, the company posted $3.91 EPS. Allstate’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that Allstate will post 18.74 EPS for the current fiscal year.

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.