Allstate Corp (NYSE:ALL) has been given a consensus recommendation of “Hold” by the fifteen ratings firms that are covering the company, Marketbeat reports. Ten analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $102.64.
ALL has been the topic of several recent analyst reports. Zacks Investment Research upgraded Allstate from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Thursday, February 7th. Wells Fargo & Co reiterated a “hold” rating and set a $94.00 target price on shares of Allstate in a report on Tuesday, March 12th. Credit Suisse Group lowered Allstate from an “outperform” rating to a “neutral” rating and set a $93.00 target price on the stock. in a report on Monday, April 8th. UBS Group lifted their target price on Allstate from $102.00 to $106.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Finally, Morgan Stanley lifted their target price on Allstate from $94.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 21st.
Shares of Allstate stock traded up $1.22 during trading on Friday, reaching $100.72. 2,216,195 shares of the company were exchanged, compared to its average volume of 2,028,448. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.30. Allstate has a twelve month low of $77.00 and a twelve month high of $102.73. The stock has a market cap of $33.07 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 1.33 and a beta of 0.81.
Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.02. Allstate had a return on equity of 12.66% and a net margin of 6.26%. The business had revenue of $8.70 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the previous year, the firm earned $2.96 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts expect that Allstate will post 8.99 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, May 31st will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, May 30th. This represents a $2.00 annualized dividend and a yield of 1.99%. Allstate’s dividend payout ratio is presently 24.78%.
Several institutional investors have recently modified their holdings of the company. Rehmann Capital Advisory Group lifted its holdings in shares of Allstate by 30.6% in the first quarter. Rehmann Capital Advisory Group now owns 11,036 shares of the insurance provider’s stock valued at $1,039,000 after purchasing an additional 2,588 shares in the last quarter. Diversified Trust Co bought a new stake in shares of Allstate in the first quarter valued at about $206,000. Accident Compensation Corp lifted its holdings in shares of Allstate by 69.7% in the first quarter. Accident Compensation Corp now owns 16,798 shares of the insurance provider’s stock valued at $1,582,000 after purchasing an additional 6,898 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Allstate by 24.5% in the first quarter. Nordea Investment Management AB now owns 781,656 shares of the insurance provider’s stock valued at $73,620,000 after purchasing an additional 153,725 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Allstate by 8.2% in the first quarter. EP Wealth Advisors LLC now owns 187,788 shares of the insurance provider’s stock valued at $17,686,000 after purchasing an additional 14,234 shares in the last quarter. Institutional investors own 77.38% of the company’s stock.
Allstate Company Profile
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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