Allstate (NYSE:ALL) Receives Neutral Rating from The Goldman Sachs Group

Allstate (NYSE:ALL)‘s stock had its “neutral” rating restated by research analysts at The Goldman Sachs Group in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a $231.00 price objective on the insurance provider’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 8.96% from the stock’s current price.

ALL has been the subject of a number of other research reports. BMO Capital Markets upped their target price on Allstate from $235.00 to $244.00 and gave the company an “outperform” rating in a report on Friday, November 7th. UBS Group increased their price target on shares of Allstate from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Evercore set a $225.00 target price on Allstate in a research report on Wednesday, January 7th. Roth Mkm increased their price objective on Allstate from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $220.00 target price on shares of Allstate in a report on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.88.

Allstate Price Performance

ALL stock opened at $212.00 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $204.51 and its two-hundred day moving average price is $204.65. The stock has a market capitalization of $55.02 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 0.44 and a beta of 0.23. Allstate has a 12-month low of $176.00 and a 12-month high of $216.75.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The company had revenue of $17.35 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter in the previous year, the business earned $7.67 EPS. Allstate’s revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts predict that Allstate will post 18.74 earnings per share for the current year.

Insider Buying and Selling at Allstate

In other news, insider Suren Gupta sold 19,593 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the transaction, the insider directly owned 100,646 shares in the company, valued at $21,135,660. This trade represents a 16.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ALL. MV Capital Management Inc. purchased a new position in shares of Allstate in the fourth quarter worth approximately $25,000. Harbor Capital Advisors Inc. boosted its stake in shares of Allstate by 79.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Dorato Capital Management bought a new stake in shares of Allstate during the 4th quarter valued at $27,000. Navalign LLC purchased a new stake in shares of Allstate in the 4th quarter worth $27,000. Finally, Barnes Dennig Private Wealth Management LLC raised its holdings in Allstate by 112.3% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 73 shares during the period. Institutional investors own 76.47% of the company’s stock.

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.