The Allstate Co. (NYSE:ALL) Receives Consensus ... - MarketBeat

The Allstate Co. (NYSE:ALL - Get Free Report) has received an average rating of "Moderate Buy" from the thirteen ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $135.31.

ALL has been the topic of a number of analyst reports. Barclays lowered their target price on shares of Allstate from $113.00 to $107.00 and set an "equal weight" rating on the stock in a research note on Monday, August 14th. Piper Sandler lowered their target price on shares of Allstate from $137.00 to $124.00 and set an "overweight" rating on the stock in a research note on Thursday, August 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Allstate from $162.00 to $154.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 2nd. StockNews.com initiated coverage on shares of Allstate in a research note on Thursday, August 17th. They set a "hold" rating on the stock. Finally, Bank of America decreased their price objective on shares of Allstate from $143.00 to $138.00 in a research note on Wednesday, August 2nd.

Check Out Our Latest Analysis on Allstate

Insider Activity at Allstate

In related news, Director Judith A. Sprieser sold 1,565 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $111.22, for a total value of $174,059.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Allstate

Large investors have recently bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new stake in Allstate in the second quarter valued at approximately $200,000. First Capital Advisors Group LLC. bought a new stake in shares of Allstate during the second quarter worth $29,000. CVA Family Office LLC increased its position in shares of Allstate by 48.4% during the first quarter. CVA Family Office LLC now owns 282 shares of the insurance provider's stock worth $31,000 after acquiring an additional 92 shares in the last quarter. Chilton Capital Management LLC bought a new stake in shares of Allstate during the first quarter worth $33,000. Finally, OLD Mission Capital LLC bought a new stake in shares of Allstate during the fourth quarter worth $41,000. Institutional investors own 75.44% of the company's stock.

Allstate Stock Performance

NYSE:ALL opened at $105.14 on Monday. The firm's 50-day moving average is $108.53 and its 200-day moving average is $114.36. Allstate has a 52-week low of $100.57 and a 52-week high of $142.15. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $27.50 billion, a price-to-earnings ratio of -10.16 and a beta of 0.57.

Allstate (NYSE:ALL - Get Free Report) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported ($4.42) earnings per share for the quarter, missing analysts' consensus estimates of ($3.83) by ($0.59). The business had revenue of $13.98 billion during the quarter, compared to the consensus estimate of $12.30 billion. Allstate had a negative net margin of 4.80% and a negative return on equity of 14.69%. The business's revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.76) EPS. Equities research analysts anticipate that Allstate will post -1.99 earnings per share for the current year.

Allstate Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, August 31st will be issued a $0.89 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.56 annualized dividend and a yield of 3.39%. Allstate's dividend payout ratio is currently -34.40%.

Allstate Company Profile

(Get Free Report

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products under the Allstate and Encompass brand names.

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