Trading Report: The Allstate Corp. (NYSE:ALL) Receives GBX 72.80 Consensus Target Price from Brokerages

The Allstate Corp. (NYSE:ALL) Receives GBX 72.80 Consensus Target Price from Brokerages

Allstate Corp. (NYSE:ALL) has received a consensus rating of “Buy” from the seventeen brokerages that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 72.80 ($0.95).

Several equities research analysts recently commented on ALL shares. William Blair reaffirmed an “underperform” rating on shares of Allstate Corp. in a research note on Saturday, September 10th. Credit Suisse Group AG set a $73.00 target price on Allstate Corp. and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Argus reaffirmed a “buy” rating and set a $76.00 target price on shares of Allstate Corp. in a research note on Friday, September 2nd. Zacks Investment Research cut Allstate Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $79.00 target price (up previously from $74.00) on shares of Allstate Corp. in a research note on Friday, September 30th.

In related news, EVP Sanjay Gupta sold 9,137 shares of Allstate Corp. stock in a transaction on Monday, July 11th. The stock was sold at an average price of GBX 70 ($0.91), for a total transaction of £6,395.90 ($8,348.65). The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Harriet K. Harty sold 6,779 shares of Allstate Corp. stock in a transaction on Friday, August 5th. The stock was sold at an average price of GBX 68.64 ($0.90), for a total value of £4,653.11 ($6,073.76). Following the sale, the insider now owns 12,316 shares in the company, valued at £8,453.70 ($11,034.72). The disclosure for this sale can be found here. Corporate insiders own 1.58% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Pinkerton Retirement Specialists LLC raised its stake in shares of Allstate Corp. by 654.6% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,645 shares of the company’s stock worth $115,000 after buying an additional 1,427 shares during the period. Zions Bancorporation increased its stake in Allstate Corp. by 64.1% in the second quarter. Zions Bancorporation now owns 2,089 shares of the company’s stock worth $146,000 after buying an additional 816 shares in the last quarter. Integrated Investment Consultants LLC increased its stake in Allstate Corp. by 9.2% in the second quarter. Integrated Investment Consultants LLC now owns 2,483 shares of the company’s stock worth $174,000 after buying an additional 209 shares in the last quarter. Advisory Services Network LLC increased its stake in Allstate Corp. by 12.2% in the third quarter. Advisory Services Network LLC now owns 2,774 shares of the company’s stock worth $192,000 after buying an additional 301 shares in the last quarter. Finally, WFG Advisors LP increased its stake in Allstate Corp. by 434.5% in the second quarter. WFG Advisors LP now owns 2,833 shares of the company’s stock worth $198,000 after buying an additional 2,303 shares in the last quarter. Institutional investors and hedge funds own 76.38% of the company’s stock.

Allstate Corp. (NYSE:ALL) opened at 68.43 on Thursday. The firm’s 50 day moving average price is $68.48 and its 200 day moving average price is $67.87. Allstate Corp. has a 52-week low of $56.03 and a 52-week high of $70.38. The firm has a market cap of $25.42 billion, a price-to-earnings ratio of 17.23 and a beta of 0.95.

Allstate Corp. (NYSE:ALL) last released its earnings results on Wednesday, August 3rd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.58 by $0.04. Allstate Corp. had a return on equity of 9.94% and a net margin of 4.63%. The business earned $9.16 billion during the quarter, compared to analysts’ expectations of $8.14 billion. During the same quarter last year, the firm posted $0.63 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. Equities research analysts anticipate that Allstate Corp. will post $4.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Wednesday, August 31st were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.32 dividend on an annualized basis and a yield of 1.93%. Allstate Corp.’s dividend payout ratio (DPR) is currently 33.59%.

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