Brokerages Set The Allstate Co. (NYSE:ALL) Target Price at $192.76

Shares of The Allstate Co. (NYSE:ALL) have been given an average rating of “Moderate Buy” by the seventeen analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $192.76.

Several research analysts recently weighed in on ALL shares. Keefe, Bruyette & Woods upped their target price on shares of Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Bank of America increased their target price on Allstate from $213.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. StockNews.com cut Allstate from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. increased their price objective on shares of Allstate from $193.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Roth Mkm reissued a “buy” rating and issued a $200.00 target price on shares of Allstate in a report on Wednesday, August 14th.

Insider Transactions at Allstate

In other news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, the chief executive officer now directly owns 88,552 shares in the company, valued at $15,880,915.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, the chief executive officer now directly owns 88,552 shares in the company, valued at approximately $15,880,915.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Toohey sold 16,682 shares of Allstate stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the sale, the executive vice president now directly owns 4,873 shares of the company’s stock, valued at approximately $877,968.41. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 201,938 shares of company stock worth $36,122,740. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Allstate

Hedge funds and other institutional investors have recently made changes to their positions in the company. SageView Advisory Group LLC purchased a new position in Allstate during the 4th quarter valued at about $456,000. Rafferty Asset Management LLC lifted its holdings in Allstate by 5.7% during the fourth quarter. Rafferty Asset Management LLC now owns 92,753 shares of the insurance provider’s stock worth $12,984,000 after buying an additional 4,987 shares during the period. Lighthouse Investment Partners LLC bought a new stake in Allstate during the 4th quarter valued at $5,927,000. BDF Gestion bought a new position in shares of Allstate in the 2nd quarter worth $3,051,000. Finally, Mizuho Markets Americas LLC purchased a new position in Allstate in the fourth quarter valued at about $52,042,000. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

NYSE:ALL opened at $184.85 on Friday. The stock has a 50-day simple moving average of $174.80 and a two-hundred day simple moving average of $168.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36. Allstate has a 52-week low of $106.74 and a 52-week high of $191.33. The firm has a market capitalization of $48.81 billion, a PE ratio of 40.81, a P/E/G ratio of 1.75 and a beta of 0.48.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $0.33 by $1.28. The business had revenue of $15.71 billion for the quarter, compared to the consensus estimate of $14.04 billion. Allstate had a net margin of 5.03% and a return on equity of 24.05%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($4.42) earnings per share. Analysts forecast that Allstate will post 15.16 EPS for the current year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, August 30th. Allstate’s dividend payout ratio (DPR) is presently 81.24%.

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.