Allstate Corporation (The) (NYSE:ALL) is scheduled to be releasing its earnings data after the market closes on Tuesday, August 1st. Analysts expect Allstate Corporation (The) to post earnings of $1.10 per share for the quarter.
Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.60. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.36 billion. Allstate Corporation (The) had a return on equity of 11.45% and a net margin of 6.27%. On average, analysts expect Allstate Corporation (The) to post $5.93 EPS for the current fiscal year and $6.9 EPS for the next fiscal year.
Allstate Corporation (NYSE ALL) opened at 89.77 on Tuesday. The firm has a 50-day moving average price of $88.44 and a 200 day moving average price of $82.69. Allstate Corporation has a 12 month low of $66.55 and a 12 month high of $90.74. The company has a market capitalization of $32.72 billion, a P/E ratio of 15.22 and a beta of 1.10.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Thursday, August 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, August 29th. Allstate Corporation (The)’s dividend payout ratio is currently 25.00%.
In related news, insider Harriet K. Harty sold 7,228 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $88.35, for a total transaction of $638,593.80. Following the sale, the insider now owns 18,260 shares of the company’s stock, valued at approximately $1,613,271. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Matthew E. Winter sold 48,058 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $88.81, for a total value of $4,268,030.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 179,259 shares of company stock worth $15,695,746. 1.58% of the stock is currently owned by company insiders.
A number of brokerages recently issued reports on ALL. Wells Fargo & Company reissued a “buy” rating on shares of Allstate Corporation (The) in a research report on Thursday, July 20th. Citigroup Inc. increased their price target on Allstate Corporation (The) from $97.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. BidaskClub downgraded Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $91.00 target price (up previously from $85.00) on shares of Allstate Corporation (The) in a report on Thursday, July 6th. Finally, Barclays PLC reduced their target price on Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating on the stock in a report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Allstate Corporation (The) currently has a consensus rating of “Buy” and a consensus target price of $87.67.
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Allstate Corporation (The) Company Profile
The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.
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