Bank of America Boosts Allstate (NYSE:ALL) Price Target to $147.00
reports about the company. Bank of America upped Allstate's target price from $145 to $147. Other analysts have also recently issued reports about the company.
The Fly
reports.
Recent research reports on the stock were also published by other analysts. Citigroup cut their target price for shares of Allstate on Tuesday from $150.00 down to $138.00. UBS Group increased their target price for shares of Allstate in a report published on Tuesday, January 10. Barclays lowered their target price for shares of Allstate to $125.00 and assigned an equal weight rating in a report published on Wednesday, April 12. Wells Fargo & Company lowered their target price for shares of Allstate to $100.00 in a report published on Wednesday, 4th April. They also set an underweight ranking on the stock. William Blair upgraded shares of Allstate to an outperform ranking in a report published on Monday, 4th April. Six analysts have given the stock a hold recommendation, while nine others have assigned the stock a buy recommendation. On Friday, the stock opened at $115.78. The company's 50-day moving average is $119.71, and its 200-day moving average is $127.55. Allstate's 52-week low is $103.20, and its 52-week high is $142.15.
The last time ) released its quarterly earnings was on Thursday, 2nd February. The insurer reported ($1.36) earnings per share for the quarter. This was $0.01 higher than the consensus estimate ($1.37). Revenue for the firm was $13.55 billion, which is higher than analyst expectations of $13.45billion. Allstate had a net margin that was negative by 2.55%, and a return on equity that was negative by 1.04%. Allstate's revenues were up 6.3% year-over-year. In the same quarter last year, Allstate posted $2.75 in earnings per share. Analysts on the sell-side predict that Allstate's current fiscal year will bring in 6.31 EPS.
Allstate increases dividend
A quarterly dividend was also announced by the company and paid out on April 3rd. Investors who had their records on the 28th of February were paid $0.89. Allstate increased its previous quarterly dividend from $0.85 to $0.89. This is a 3.07% dividend yield and $3.56 in annualized dividends. This dividend became payable on Monday, February 27th. Allstate's current payout ratio is -66.92%.
Allstate: Insider Activities
The company sold 29,451 of its shares in a single transaction on February 22nd. The shares were bought at a price of $134.18 on average, resulting in a value of $3.951,735.18. After the transaction was completed, the chief executive officer owns directly 16,668 shares of the company valued at around $2,236,512.24. Insiders of the company own 1.77%.
Allstate: Hedge Funds weigh in
Recently, several hedge funds and institutional investors increased or decreased their stakes in ALL. Accurate Wealth Management LLC bought a new Allstate position during the fourth quarter worth $27,000. Cowa LLC bought a new Allstate position during the first quarter for $30,000. Standard Family Office LLC bought a new Allstate position during the third-quarter valued at $37,000. OLD Mission Capital LLC bought a new Allstate position during the fourth-quarter valued at $41,000. First Personal Financial Services bought a new Allstate position during the third-quarter valued at $43,000. 77.48% is owned by hedge fund and institutional investors.
Allstate Company Profile
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Allstate Corp. is engaged in property and casualty and protection solutions. It is divided into five business segments: Allstate Protection Services, Allstate Health and Benefits Insurance, Run-off Property-Liability and Corporate and Other. Allstate Protection offers personal auto, homeowners, commercial, and other personal lines insurance under the Allstate brand.
The Fly
reports.
Recent research reports on the stock were also published by other analysts. In a research note published on April 12th, Barclays lowered their target price for shares of Allstate to $122,00 and assigned an equal weight rating. Goldman Sachs Group raised their target price for shares of Allstate to $166.00 in a report published on Monday, January 9. The stock was also given a buy recommendation. BMO Capital Markets lowered their price target on shares of Allstate to $120.00 from $130.00 in a report published on March 29th. The stock was given a rating of market perform. William Blair upgraded shares of Allstate to an outperform ranking in a report published on Monday, 4th April. Roth Capital reiterated a buy rating for Allstate shares in a report published on Thursday, 2nd February. Six analysts have given the stock a hold recommendation, while nine others have recommended that the stock be bought. Allstate's 52-week low is $103.20, and its 52-week high is $142.15. The company has a quick-ratio of 0.38, current-ratio of 0.38 and debt-to equity ratio of 0.52. The company's 50-day moving average is $119.71, and its 200-day moving average is $127.55.
The last time ) released its results was on Thursday, 2nd February. The insurer reported ($1.36) per share earnings for the quarter. This was $0.01 higher than the consensus estimate ($1.37). Revenue for the quarter was $13.55 billion, which is higher than the consensus estimate of $12.45 billion. Allstate had a net margin that was negative of 2.55%, and a return on equity that was negative of 1.04%. Allstate's revenues were up 6.3% from the same quarter of last year. In the same quarter last year, Allstate earned $2.75 per share. Analysts on the sell-side predict that Allstate's current fiscal year will result in 6.31 EPS.
Allstate increases dividend
A quarterly dividend was also announced by the company and paid out on April 3rd. Investors who had their records on the 28th of February were paid $0.89. Allstate increased its previous quarterly dividend from $0.85 to $0.89. This is a 3.07% dividend yield and $3.56 in annualized dividends. This dividend became payable on Monday, February 27th. Allstate's current payout ratio is -66.92%.
Allstate: Insider Activities
The company sold 29,451 of its shares in a single transaction on February 22nd. The shares were bought at an average of $134.18 for a transaction totaling $3,951,735.18. The chief financial officer owns directly 16,668 shares of the company valued at $2236,512.24 after the transaction. Insiders of the company own 1.77%.
Allstate: Hedge Funds weigh in
Recently, several hedge funds and institutional investors increased or decreased their stakes in ALL. Accurate Wealth Management LLC bought a new Allstate position during the fourth quarter worth $27,000. Cowa LLC bought a new Allstate position during the first quarter for $30,000. Standard Family Office LLC bought a new Allstate position during the third-quarter valued at $37,000. OLD Mission Capital LLC bought a new Allstate position during the fourth-quarter valued at $41,000. First Personal Financial Services bought a new Allstate position during the third-quarter valued at $43,000. 77.48% is owned by hedge fund and institutional investors.
Allstate Company Profile
Get Rating
)
Allstate Corp. is engaged in property and casualty and protection solutions. It is divided into five business segments: Allstate Protection Services, Allstate Health and Benefits Insurance, Run-off Property-Liability and Corporate and Other. Allstate Protection offers personal auto, homeowners, commercial, and other personal lines insurance under the Allstate brand.
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