The Allstate Co. (NYSE:ALL) Receives $174.88 Average PT from Analysts

Shares of The Allstate Co. (NYSE:ALL) have received an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $174.88.

A number of research analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Evercore ISI raised their target price on Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. upped their price target on Allstate from $185.00 to $193.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Piper Sandler lifted their price objective on Allstate from $172.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $194.00 price objective on shares of Allstate in a research note on Friday, June 21st.

Allstate Stock Performance

Shares of Allstate stock opened at $160.04 on Friday. The business’s fifty day simple moving average is $166.32 and its 200 day simple moving average is $159.84. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. Allstate has a 12 month low of $100.57 and a 12 month high of $177.37. The firm has a market capitalization of $42.24 billion, a P/E ratio of 35.21, a price-to-earnings-growth ratio of 1.90 and a beta of 0.50.

Allstate (NYSE:ALL) last released its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The company had revenue of $15.26 billion for the quarter, compared to analysts’ expectations of $12.76 billion. During the same period in the previous year, the business posted ($1.30) EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts anticipate that Allstate will post 12.15 EPS for the current year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, May 31st will be issued a dividend of $0.92 per share. The ex-dividend date is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.30%. Allstate’s dividend payout ratio is 81.24%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ALL. Clear Rock Advisors LLC raised its position in Allstate by 1.5% in the 1st quarter. Clear Rock Advisors LLC now owns 18,026 shares of the insurance provider’s stock worth $3,119,000 after purchasing an additional 267 shares during the period. Maxwell Wealth Strategies Inc. bought a new position in Allstate during the 1st quarter worth approximately $1,099,000. Pathway Financial Advisers LLC purchased a new stake in shares of Allstate during the first quarter valued at approximately $994,000. Cetera Advisors LLC grew its holdings in shares of Allstate by 91.3% in the first quarter. Cetera Advisors LLC now owns 16,103 shares of the insurance provider’s stock worth $2,786,000 after purchasing an additional 7,684 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Allstate by 351.6% during the 1st quarter. Cetera Investment Advisers now owns 65,221 shares of the insurance provider’s stock valued at $11,284,000 after buying an additional 50,780 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.