Shares of Allstate Corp (NYSE:ALL) have been assigned an average recommendation of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $110.11.
ALL has been the subject of a number of analyst reports. UBS Group lifted their price target on Allstate from $110.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. ValuEngine downgraded Allstate from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 3rd. Finally, Evercore ISI reiterated a “hold” rating and set a $117.00 price target on shares of Allstate in a research note on Sunday, December 22nd.
Shares of ALL traded up $1.28 during trading hours on Friday, hitting $115.81. The stock had a trading volume of 90,055 shares, compared to its average volume of 1,361,241. The firm has a market capitalization of $36.87 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 1.34 and a beta of 0.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.30 and a quick ratio of 0.30. Allstate has a 1-year low of $84.21 and a 1-year high of $114.63. The firm has a 50 day simple moving average of $111.62 and a 200-day simple moving average of $107.18.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, November 27th. This represents a $2.00 annualized dividend and a dividend yield of 1.73%. Allstate’s dividend payout ratio is currently 24.78%.
In other news, insider Croker Trevor bought 44,975 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were purchased at an average price of $34.22 per share, with a total value of $1,539,044.50. 1.60% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Allstate by 0.4% in the 2nd quarter. BlackRock Inc. now owns 26,305,632 shares of the insurance provider’s stock worth $2,675,022,000 after purchasing an additional 109,997 shares during the period. Vanguard Group Inc. raised its holdings in shares of Allstate by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 24,689,491 shares of the insurance provider’s stock worth $2,510,675,000 after purchasing an additional 228,584 shares during the period. AQR Capital Management LLC raised its holdings in shares of Allstate by 2.9% in the 2nd quarter. AQR Capital Management LLC now owns 6,372,559 shares of the insurance provider’s stock worth $643,628,000 after purchasing an additional 178,988 shares during the period. Invesco Ltd. raised its holdings in shares of Allstate by 12.6% in the 2nd quarter. Invesco Ltd. now owns 4,342,920 shares of the insurance provider’s stock worth $441,631,000 after purchasing an additional 486,897 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Allstate by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 2,877,923 shares of the insurance provider’s stock worth $312,773,000 after purchasing an additional 103,623 shares during the period. 76.94% of the stock is currently owned by institutional investors.
Allstate Company Profile
The Allstate Corporation, through its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection, Service Businesses, Allstate Life, and Allstate Benefits segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home insurance; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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