The Allstate (NYSE:ALL) Reaches New 12-Month High at $118.27

The Allstate Co. (NYSE:ALL)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $118.27 and last traded at $117.86, with a volume of 9962 shares traded. The stock had previously closed at $117.49.

Several research firms have recently weighed in on ALL. Raymond James lifted their price objective on The Allstate from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Tuesday, March 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on The Allstate from $115.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, February 8th. Citigroup lifted their price objective on The Allstate from $128.00 to $135.00 in a report on Wednesday, March 31st. Barclays lifted their price objective on The Allstate from $115.00 to $125.00 in a report on Thursday, January 28th. Finally, Keefe, Bruyette & Woods downgraded The Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, February 11th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The Allstate presently has an average rating of “Buy” and a consensus price target of $121.27.

The business has a 50-day moving average price of $112.04 and a 200-day moving average price of $103.80. The company has a market capitalization of $35.25 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 1.14 and a beta of 0.81. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.26.

The Allstate (NYSE:ALL) last posted its quarterly earnings results on Tuesday, February 2nd. The insurance provider reported $5.87 earnings per share for the quarter, beating the consensus estimate of $3.81 by $2.06. The firm had revenue of $11.34 billion for the quarter, compared to analyst estimates of $9.43 billion. The Allstate had a return on equity of 16.70% and a net margin of 10.68%. During the same period in the previous year, the firm earned $3.13 earnings per share. As a group, sell-side analysts predict that The Allstate Co. will post 12.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Thursday, March 4th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.78%. This is a positive change from The Allstate’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Wednesday, March 3rd. The Allstate’s payout ratio is presently 31.06%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Resources Investment Advisors LLC. grew its stake in The Allstate by 3.8% in the fourth quarter. Resources Investment Advisors LLC. now owns 2,634 shares of the insurance provider’s stock valued at $290,000 after purchasing an additional 97 shares in the last quarter. Alpha Omega Wealth Management LLC grew its stake in The Allstate by 0.9% in the fourth quarter. Alpha Omega Wealth Management LLC now owns 11,029 shares of the insurance provider’s stock valued at $1,212,000 after purchasing an additional 100 shares in the last quarter. FCA Corp TX boosted its stake in shares of The Allstate by 0.4% during the 4th quarter. FCA Corp TX now owns 22,475 shares of the insurance provider’s stock worth $2,471,000 after acquiring an additional 100 shares in the last quarter. Unison Advisors LLC boosted its stake in The Allstate by 0.6% during the 4th quarter. Unison Advisors LLC now owns 17,808 shares of the insurance provider’s stock valued at $1,967,000 after purchasing an additional 101 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in The Allstate by 1.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 5,439 shares of the insurance provider’s stock valued at $598,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 76.95% of the company’s stock.

About The Allstate (NYSE:ALL)

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, Protection Services, 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 and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.

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