Analysts Set The Allstate Corporation (NYSE:ALL) Price Target at $225.20

The Allstate Corporation (NYSE:ALL) has been given a consensus rating of “Moderate Buy” by the seventeen research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $226.27.

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Allstate from $228.00 to $235.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Morgan Stanley boosted their price target on shares of Allstate from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Tuesday, May 6th. William Blair started coverage on shares of Allstate in a report on Friday, June 6th. They set a “sector outperform” rating on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Allstate in a research note on Friday, May 16th. Finally, Wall Street Zen raised shares of Allstate from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st.

Allstate Trading Down 1.8%

NYSE ALL opened at $194.46 on Thursday. Allstate has a twelve month low of $158.04 and a twelve month high of $213.18. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $51.50 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.03 and a beta of 0.33. The firm’s 50 day moving average price is $201.35 and its two-hundred day moving average price is $196.71.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing the consensus estimate of $3.98 by ($0.45). Allstate had a net margin of 6.19% and a return on equity of 24.62%. The company had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $16.41 billion. During the same quarter in the prior year, the firm earned $5.13 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Equities analysts anticipate that Allstate will post 18.74 EPS for the current year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 9th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Monday, June 9th. Allstate’s dividend payout ratio is 27.32%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALL. Vanguard Group Inc. increased its stake in Allstate by 0.5% in the first quarter. Vanguard Group Inc. now owns 32,800,086 shares of the insurance provider’s stock valued at $6,791,914,000 after acquiring an additional 164,662 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Allstate by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock worth $2,424,710,000 after buying an additional 2,374,684 shares during the last quarter. Bank of America Corp DE grew its stake in Allstate by 157.9% during the fourth quarter. Bank of America Corp DE now owns 6,591,138 shares of the insurance provider’s stock worth $1,270,705,000 after buying an additional 4,035,629 shares during the last quarter. Geode Capital Management LLC grew its stake in Allstate by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 6,419,728 shares of the insurance provider’s stock worth $1,236,060,000 after buying an additional 191,147 shares during the last quarter. Finally, GQG Partners LLC grew its stake in Allstate by 2.1% during the first quarter. GQG Partners LLC now owns 4,405,701 shares of the insurance provider’s stock worth $912,288,000 after buying an additional 89,185 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

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.