Allstate (NYSE:ALL) had its price target trimmed by Citigroup from $112.00 to $110.00 in a report released on Tuesday, April 10th. The firm currently has a buy rating on the insurance provider’s stock.
Other analysts have also issued research reports about the stock. Argus restated a buy rating and set a $110.00 target price on shares of Allstate in a research report on Wednesday, February 21st. Wells Fargo downgraded shares of Allstate from an outperform rating to a market perform rating in a research note on Tuesday, January 9th. Morgan Stanley reaffirmed an equal weight rating and set a $105.00 price target (down previously from $113.00) on shares of Allstate in a research note on Wednesday, February 21st. Deutsche Bank dropped their price target on shares of Allstate from $102.00 to $100.00 and set a hold rating on the stock in a research note on Friday, February 9th. Finally, ValuEngine raised shares of Allstate from a hold rating to a buy rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $100.40.
Shares of NYSE:ALL opened at $97.75 on Tuesday. The stock has a market capitalization of $34,570.30, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94. Allstate has a one year low of $79.09 and a one year high of $105.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.25 and a quick ratio of 0.25.
Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.56. The firm had revenue of $8.20 billion during the quarter, compared to analysts’ expectations of $8.09 billion. Allstate had a net margin of 8.28% and a return on equity of 12.57%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.17 earnings per share. sell-side analysts predict that Allstate will post 8.41 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 5th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.88%. This is a boost from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, March 2nd. Allstate’s payout ratio is presently 27.42%.
Institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its stake in Allstate by 3.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 54,205 shares of the insurance provider’s stock valued at $5,676,000 after purchasing an additional 1,699 shares during the last quarter. Wagner Wealth Management LLC acquired a new position in shares of Allstate in the 4th quarter valued at $894,000. Xact Kapitalforvaltning AB raised its stake in shares of Allstate by 8.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 52,346 shares of the insurance provider’s stock valued at $5,481,000 after buying an additional 3,912 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Allstate by 929.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 89,126 shares of the insurance provider’s stock valued at $6,364,000 after buying an additional 80,466 shares in the last quarter. Finally, CNB Bank acquired a new position in shares of Allstate in the 4th quarter valued at $429,000. Institutional investors and hedge funds own 77.66% of the company’s stock.
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The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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