Keefe, Bruyette & Woods Raises Allstate (NYSE:ALL) Price Target to $243.00

Allstate (NYSE:ALL) had its price target upped by Keefe, Bruyette & Woods from $235.00 to $243.00 in a research report report published on Friday morning,Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

Several other research analysts also recently weighed in on ALL. Raymond James increased their price target on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 4th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday. Wells Fargo & Company boosted their price target on shares of Allstate from $175.00 to $186.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Piper Sandler raised their price objective on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.06.

Allstate Stock Performance

NYSE ALL opened at $181.12 on Friday. The company has a market capitalization of $47.96 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 1.70 and a beta of 0.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. Allstate has a 52-week low of $148.23 and a 52-week high of $209.88. The company has a 50-day simple moving average of $195.84 and a 200 day simple moving average of $185.36.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. Allstate’s revenue was up 14.7% on a year-over-year basis. On average, research analysts predict that Allstate will post 16.26 EPS for the current year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were paid a $0.92 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 2.03%. Allstate’s dividend payout ratio is currently 23.83%.

Institutional Trading of Allstate

A number of large investors have recently modified their holdings of ALL. FSA Wealth Management LLC purchased a new stake in Allstate in the third quarter valued at approximately $26,000. Northwest Investment Counselors LLC purchased a new stake in shares of Allstate during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate during the 3rd quarter worth $29,000. Peoples Bank KS purchased a new position in Allstate in the fourth quarter worth $49,000. Finally, Transamerica Financial Advisors Inc. bought a new position in Allstate in the third quarter valued at $58,000. Institutional investors own 76.47% of the company’s stock.

Allstate Company Profile

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.