Shares of Allstate Corp (NYSE:ALL) have been assigned an average rating of “Hold” from the sixteen ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $95.08.
Several research firms have issued reports on ALL. Wells Fargo & Company reiterated a “buy” rating and set a $105.00 target price on shares of Allstate in a research report on Thursday, November 2nd. Buckingham Research began coverage on Allstate in a research report on Monday, September 11th. They set an “underperform” rating and a $74.00 target price on the stock. Zacks Investment Research upgraded Allstate from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Tuesday, December 12th. B. Riley reiterated a “neutral” rating on shares of Allstate in a research report on Monday, November 6th. Finally, UBS dropped their target price on Allstate from $94.00 to $93.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th.
In related news, insider Suren Gupta sold 103,242 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $98.68, for a total value of $10,187,920.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Thomas J. Wilson sold 130,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $99.29, for a total value of $12,907,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 432,242 shares of company stock worth $42,827,931. Insiders own 1.58% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its stake in shares of Allstate by 4,753.8% during 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 acquiring an additional 2,249,334 shares in the last quarter. APG Asset Management N.V. lifted its position in shares of Allstate by 182.7% during the third quarter. APG Asset Management N.V. now owns 3,368,436 shares of the insurance provider’s stock worth $309,593,000 after purchasing an additional 2,176,800 shares during the last quarter. Principal Financial Group Inc. lifted its position 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 worth $161,634,000 after purchasing an additional 1,304,131 shares during the last quarter. Voya Investment Management LLC lifted its position 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 worth $132,328,000 after purchasing an additional 1,238,341 shares during the last quarter. Finally, Northern Trust Corp lifted its position 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 worth $636,969,000 after purchasing an additional 1,141,782 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.
Shares of Allstate (ALL) traded down $0.21 during midday trading on Friday, hitting $104.21. The stock had a trading volume of 1,534,200 shares, compared to its average volume of 1,873,896. Allstate has a twelve month low of $73.04 and a twelve month high of $105.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market capitalization of $37,468.61, a PE ratio of 15.38, a PEG ratio of 2.01 and a beta of 1.12.
Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.01). Allstate had a net margin of 7.32% and a return on equity of 13.11%. The firm had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the previous year, the firm posted $1.26 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. analysts expect that Allstate will post 6.23 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, November 29th. Allstate’s dividend payout ratio is currently 20.56%.
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Allstate Company Profile
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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