The Allstate Co. (NYSE:ALL) Receives $216.94 Average Price Target from Brokerages

Shares of The Allstate Co. (NYSE:ALL) have been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $218.06.

A number of equities analysts have recently weighed in on ALL shares. Jefferies Financial Group upped their target price on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Morgan Stanley upped their price objective on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Barclays reduced their price objective on shares of Allstate from $187.00 to $183.00 and set an “underweight” rating for the company in a report on Monday, January 6th. UBS Group raised their price target on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Raymond James increased their price objective on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 4th.

Allstate Stock Down 5.6 %

Shares of NYSE ALL opened at $181.12 on Thursday. Allstate has a 12-month low of $148.23 and a 12-month high of $209.88. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The firm has a market cap of $47.96 billion, a PE ratio of 11.73, a P/E/G ratio of 1.70 and a beta of 0.52. The company’s fifty day simple moving average is $195.84 and its 200 day simple moving average is $185.53.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period last year, the business posted $0.81 EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Allstate will post 16.26 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Friday, November 29th. Allstate’s payout ratio is 23.83%.

Hedge Funds Weigh In On Allstate

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FSA Wealth Management LLC bought a new stake in shares of Allstate during the 3rd quarter worth $26,000. Northwest Investment Counselors LLC bought a new stake in Allstate in the 3rd quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Allstate in the third quarter valued at about $29,000. Peoples Bank KS bought a new position in shares of Allstate during the fourth quarter valued at about $49,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Allstate during the third quarter worth about $58,000. 76.47% of the stock is currently owned by hedge funds and other 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.