Headlines about Allstate Corporation (The) (NYSE:ALL) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Allstate Corporation (The) earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 46.108785913103 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
Several analysts have issued reports on the company. Buckingham Research assumed coverage on Allstate Corporation (The) in a research note on Monday. They issued an “underperform” rating and a $74.00 price objective on the stock. Wells Fargo & Company reaffirmed a “buy” rating on shares of Allstate Corporation (The) in a research report on Thursday, August 17th. BidaskClub downgraded Allstate Corporation (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Barclays PLC upped their target price on Allstate Corporation (The) from $101.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. Finally, Deutsche Bank AG downgraded Allstate Corporation (The) from a “buy” rating to a “hold” rating and upped their target price for the company from $90.00 to $96.00 in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $90.38.
Shares of Allstate Corporation (ALL) traded down 0.47% on Thursday, reaching $90.51. The company had a trading volume of 1,754,668 shares. The company’s 50-day moving average is $91.80 and its 200-day moving average is $86.45. Allstate Corporation has a one year low of $66.55 and a one year high of $95.25. The company has a market capitalization of $32.71 billion, a PE ratio of 13.37 and a beta of 1.09.
Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.48. Allstate Corporation (The) had a net margin of 7.02% and a return on equity of 12.73%. The business had revenue of $8.02 billion during the quarter, compared to analysts’ expectations of $7.99 billion. During the same period last year, the company posted $0.62 EPS. The business’s revenue was up 2.6% on a year-over-year basis. Equities research analysts predict that Allstate Corporation will post $6.33 earnings per share for the current year.
Allstate Corporation (The) declared that its board has approved a share repurchase program on Tuesday, August 1st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the insurance provider to purchase up to 63% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, August 31st will be paid a $0.37 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.64%. Allstate Corporation (The)’s payout ratio is currently 21.86%.
In other Allstate Corporation (The) news, CFO Steven E. Shebik sold 35,197 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $94.28, for a total value of $3,318,373.16. Following the completion of the sale, the chief financial officer now directly owns 127,560 shares of the company’s stock, valued at approximately $12,026,356.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Matthew E. Winter sold 48,059 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $94.53, for a total transaction of $4,543,017.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 167,408 shares of company stock valued at $15,415,505. 1.58% of the stock is owned by corporate insiders.
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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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