The Allstate Corporation (NYSE:ALL) Receives Average Rating of “Moderate Buy” from Analysts

Shares of The Allstate Corporation (NYSE:ALL) have earned a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and three have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $238.8824.

A number of brokerages have commented on ALL. Wells Fargo & Company decreased their price objective on Allstate from $228.00 to $227.00 and set an “equal weight” rating for the company in a research report on Friday, February 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Allstate in a research report on Wednesday, January 21st. Citigroup boosted their price objective on shares of Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. TD Cowen lowered shares of Allstate from a “buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 10th.

Allstate Price Performance

Shares of NYSE:ALL opened at $208.04 on Tuesday. The company’s fifty day moving average is $204.57 and its two-hundred day moving average is $204.74. The company has a market cap of $53.99 billion, a P/E ratio of 5.45, a price-to-earnings-growth ratio of 0.43 and a beta of 0.23. Allstate has a 12-month low of $176.00 and a 12-month high of $216.75. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, topping the consensus estimate of $8.72 by $5.59. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The business had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter last year, the firm posted $7.67 earnings per share. Allstate’s revenue was up 5.1% compared to the same quarter last year. Equities analysts expect that Allstate will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be paid a dividend of $1.08 per share. This is a boost from Allstate’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.1%. Allstate’s dividend payout ratio (DPR) is 11.31%.

Insider Activity

In related news, insider Suren Gupta sold 19,593 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. The trade was a 16.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Allstate

A number of institutional investors have recently added to or reduced their stakes in ALL. Norges Bank bought a new position in shares of Allstate during the 4th quarter valued at $531,294,000. GQG Partners LLC lifted its stake in shares of Allstate by 36.0% in the 4th quarter. GQG Partners LLC now owns 5,488,560 shares of the insurance provider’s stock valued at $1,142,449,000 after purchasing an additional 1,452,993 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Allstate by 29.2% in the fourth quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock worth $1,042,321,000 after purchasing an additional 1,131,172 shares in the last quarter. Swedbank AB increased its position in Allstate by 2,157.8% during the third quarter. Swedbank AB now owns 861,725 shares of the insurance provider’s stock worth $184,969,000 after buying an additional 823,559 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Allstate by 1,766.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 869,139 shares of the insurance provider’s stock valued at $180,911,000 after buying an additional 822,583 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Company Profile

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.