Allstate Corp (ALL) Given Consensus Recommendation of “Hold” by Brokerages

Allstate Corp (NYSE:ALL) has been assigned an average rating of “Hold” from the sixteen analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $96.00.

ALL has been the subject of several research reports. Zacks Investment Research upgraded shares of Allstate from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Tuesday, December 12th. Citigroup reduced their target price on shares of Allstate from $107.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, October 2nd. Wells Fargo & Co set a $110.00 target price on shares of Allstate and gave the company a “buy” rating in a research note on Thursday, November 16th. B. Riley reiterated a “neutral” rating on shares of Allstate in a research note on Monday, November 6th. Finally, Goldman Sachs Group began coverage on shares of Allstate in a research note on Monday, December 4th. They issued a “neutral” rating and a $104.00 target price for the company.

In other news, insider Suren Gupta sold 103,242 shares of Allstate stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $98.68, for a total value of $10,187,920.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Susan L. Lees sold 4,000 shares of Allstate stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $100.49, for a total transaction of $401,960.00. Following the completion of the transaction, the executive vice president now directly owns 24,341 shares in the company, valued at approximately $2,446,027.09. The disclosure for this sale can be found here. Insiders sold 432,242 shares of company stock valued at $42,827,931 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Arrow Financial Corp raised its position in shares of Allstate by 100.0% in the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 553 shares during the period. Sandy Spring Bank raised its position in shares of Allstate by 2.5% in the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock valued at $103,000 after purchasing an additional 28 shares during the period. Financial Engines Advisors L.L.C. bought a new position in Allstate during the third quarter worth $116,000. IHT Wealth Management LLC increased its position in Allstate by 46.6% during the second quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 405 shares during the period. Finally, Baker Ellis Asset Management LLC bought a new position in Allstate during the third quarter worth $120,000. 76.56% of the stock is currently owned by institutional investors.

Allstate (ALL) traded up $1.33 during mid-day trading on Tuesday, hitting $102.11. 2,404,600 shares of the company traded hands, compared to its average volume of 2,278,145. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market capitalization of $36,650.00, a PE ratio of 14.18, a P/E/G ratio of 1.54 and a beta of 1.12. Allstate has a twelve month low of $73.39 and a twelve month high of $105.36.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.01). The company had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.07 billion. Allstate had a return on equity of 13.11% and a net margin of 7.32%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 earnings per share. analysts predict that Allstate will post 6.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Wednesday, November 29th. Allstate’s dividend payout ratio (DPR) is presently 20.56%.

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About Allstate

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.

Analyst Recommendations for Allstate (NYSE:ALL)

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