1 week Ago By ABMN Staff
Shares of The Allstate Co. ( NYSE:ALL – Get Free Report ) have received an average recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the firm, Marketbeat.com reports.
One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $192.76.
A number of brokerages have recently commented on ALL. JPMorgan Chase & Co. upped their price objective on shares of Allstate from $193.
00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. The Goldman Sachs Group raised their price objective on Allstate from $199.
00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Roth Mkm restated a “buy” rating and set a $200.
00 price objective on shares of Allstate in a research report on Wednesday, August 14th. TD Cowen lifted their price target on shares of Allstate from $193.00 to $224.
00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, Morgan Stanley reduced their price objective on shares of Allstate from $205.00 to $200.
00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Check Out Our Latest Research Report on Allstate Allstate Stock Performance Allstate ( NYSE:ALL – Get Free Report ) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $1.
61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $1.28.
The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.04 billion.
Allstate had a net margin of 5.03% and a return on equity of 24.05%.
Allstate’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the business posted ($4.
42) EPS. As a group, equities research analysts expect that Allstate will post 15.14 earnings per share for the current fiscal year.
Allstate Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, August 30th will be issued a $0.92 dividend.
The ex-dividend date of this dividend is Friday, August 30th. This represents a $3.68 annualized dividend and a yield of 1.
99%. Allstate’s dividend payout ratio (DPR) is presently 81.24%.
Insiders Place Their Bets In other news, EVP Robert Toohey sold 16,682 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.
94. Following the completion of the transaction, the executive vice president now owns 4,873 shares in the company, valued at $877,968.41.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . In related news, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction on Wednesday, August 21st.
The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00.
Following the completion of the transaction, the chief executive officer now owns 88,552 shares in the company, valued at $15,880,915.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $180.17, for a total transaction of $3,005,595.
94. Following the sale, the executive vice president now directly owns 4,873 shares in the company, valued at $877,968.41.
The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 201,938 shares of company stock worth $36,122,740. Corporate insiders own 1.
80% of the company’s stock. Institutional Trading of Allstate Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in shares of Allstate by 1.
8% during the 1st quarter. Bank of New York Mellon Corp now owns 5,112,468 shares of the insurance provider’s stock worth $884,508,000 after purchasing an additional 90,390 shares during the last quarter. Norges Bank acquired a new position in Allstate during the fourth quarter worth $212,771,000.
Dimensional Fund Advisors LP increased its holdings in Allstate by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider’s stock worth $229,545,000 after buying an additional 47,038 shares during the last quarter.
Hsbc Holdings PLC raised its position in Allstate by 3.3% during the second quarter. Hsbc Holdings PLC now owns 1,007,953 shares of the insurance provider’s stock worth $160,948,000 after acquiring an additional 31,789 shares in the last quarter.
Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Allstate by 1.0% in the 2nd quarter.
Raymond James Financial Services Advisors Inc. now owns 818,489 shares of the insurance provider’s stock valued at $130,680,000 after acquiring an additional 8,454 shares during the period. Institutional investors own 76.
47% of the company’s stock. About Allstate ( Get Free Report 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.
Read More Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter ..
