Analysts Set The Allstate Co. (NYSE:ALL) Price Target at $175.88

Shares of The Allstate Co. (NYSE:ALL) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $178.06.

A number of equities analysts recently weighed in on ALL shares. Morgan Stanley dropped their target price on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Wells Fargo & Company upped their target price on Allstate from $146.00 to $153.00 and gave the company an “underweight” rating in a research report on Friday, May 10th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $194.00 target price on shares of Allstate in a research note on Friday, July 5th. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 3rd. Finally, BMO Capital Markets raised shares of Allstate from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $190.00 to $191.00 in a research report on Thursday, July 18th.

Insider Activity at Allstate

In other Allstate news, insider Suren Gupta sold 45,775 shares of Allstate stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the transaction, the insider now directly owns 89,930 shares of the company’s stock, valued at approximately $15,942,790.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Allstate

Several hedge funds have recently modified their holdings of ALL. Capital Advisory Group Advisory Services LLC increased its position in shares of Allstate by 31.2% during the second quarter. Capital Advisory Group Advisory Services LLC now owns 5,743 shares of the insurance provider’s stock valued at $917,000 after acquiring an additional 1,365 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in shares of Allstate by 11.0% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,301 shares of the insurance provider’s stock valued at $208,000 after purchasing an additional 129 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Allstate by 1.5% during the 2nd quarter. Fifth Third Bancorp now owns 20,000 shares of the insurance provider’s stock worth $3,193,000 after purchasing an additional 294 shares during the period. Summit Global Investments purchased a new position in shares of Allstate in the 2nd quarter worth about $10,506,000. Finally, Focus Financial Network Inc. grew its position in Allstate by 3.7% during the second quarter. Focus Financial Network Inc. now owns 4,508 shares of the insurance provider’s stock valued at $770,000 after buying an additional 162 shares during the period. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Up 0.3 %

Shares of ALL opened at $174.84 on Thursday. The stock’s 50-day moving average price is $163.81 and its two-hundred day moving average price is $162.99. Allstate has a 12 month low of $104.29 and a 12 month high of $179.93. The company has a market capitalization of $46.14 billion, a PE ratio of 38.60, a PEG ratio of 1.99 and a beta of 0.48. 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 (NYSE:ALL) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, beating the consensus estimate of $4.11 by $1.02. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The business had revenue of $15.26 billion for the quarter, compared to analysts’ expectations of $12.76 billion. During the same period in the prior year, the business posted ($1.30) earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. On average, analysts anticipate that Allstate will post 12.72 EPS for the current year.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be given a dividend of $0.92 per share. The ex-dividend date is Friday, August 30th. This represents a $3.68 annualized dividend and a dividend yield of 2.10%. Allstate’s payout ratio is 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.