Goldman Sachs Group began coverage on shares of Allstate (NYSE:ALL) in a research report report published on Monday, MarketBeat Ratings reports. The firm issued a neutral rating and a $104.00 target price on the insurance provider’s stock.
ALL has been the topic of several other research reports. Wells Fargo & Company restated a buy rating and set a $105.00 price objective on shares of Allstate in a report on Thursday, November 2nd. BidaskClub cut Allstate from a buy rating to a hold rating in a report on Wednesday, August 16th. Credit Suisse Group raised their price objective on Allstate from $91.00 to $95.00 and gave the stock a neutral rating in a report on Thursday, November 2nd. UBS decreased their price objective on Allstate from $94.00 to $93.00 and set a neutral rating on the stock in a report on Tuesday, September 19th. Finally, Buckingham Research began coverage on Allstate in a research report on Monday, September 11th. They issued an underperform rating and a $74.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $95.08.
Shares of Allstate (NYSE ALL) opened at $102.11 on Monday. Allstate has a fifty-two week low of $71.17 and a fifty-two week high of $104.10. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $36,833.49, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.98 and a beta of 1.12.
Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.01). Allstate had a return on equity of 13.11% and a net margin of 7.32%. The business had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter last year, the business earned $1.26 EPS. Allstate’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities research analysts forecast that Allstate will post 6.23 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, November 29th. Allstate’s dividend payout ratio (DPR) is currently 20.56%.
In other Allstate news, EVP Susan L. Lees sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $100.49, for a total value of $401,960.00. Following the transaction, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Suren Gupta sold 103,242 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $98.68, for a total value of $10,187,920.56. The disclosure for this sale can be found here. Insiders sold a total of 432,242 shares of company stock worth $42,827,931 over the last ninety days. Corporate insiders own 1.58% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in ALL. Janus Henderson Group PLC raised its position in Allstate by 4,753.8% in the second quarter. Janus Henderson Group PLC now owns 2,296,651 shares of the insurance provider’s stock valued at $203,116,000 after purchasing an additional 2,249,334 shares during the period. APG Asset Management N.V. raised its position in Allstate by 182.7% in the third quarter. APG Asset Management N.V. now owns 3,368,436 shares of the insurance provider’s stock valued at $309,593,000 after purchasing an additional 2,176,800 shares during the period. Principal Financial Group Inc. grew its stake in shares of Allstate by 249.1% during the second quarter. Principal Financial Group Inc. now owns 1,827,612 shares of the insurance provider’s stock valued at $161,634,000 after acquiring an additional 1,304,131 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Allstate by 480.2% during the second quarter. Voya Investment Management LLC now owns 1,496,235 shares of the insurance provider’s stock valued at $132,328,000 after acquiring an additional 1,238,341 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Allstate by 18.8% during the second quarter. Northern Trust Corp now owns 7,202,273 shares of the insurance provider’s stock valued at $636,969,000 after acquiring an additional 1,141,782 shares in the last quarter. 76.33% of the stock is currently owned by institutional investors.
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The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.
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