Allstate Corp. (NYSE:ALL) VP Samuel H. Pilch sold 21,178 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $72.24, for a total value of $1,529,898.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Allstate Corp. (NYSE:ALL) opened at 72.40 on Friday. The company’s 50-day moving average price is $68.97 and its 200-day moving average price is $68.45. The company has a market capitalization of $26.66 billion, a price-to-earnings ratio of 19.60 and a beta of 0.96. Allstate Corp. has a one year low of $56.03 and a one year high of $72.72.
Allstate Corp. (NYSE:ALL) last announced its earnings results on Wednesday, November 2nd. The company reported $1.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.26. Allstate Corp. had a return on equity of 9.16% and a net margin of 4.25%. The firm earned $7.87 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Allstate Corp. will post $4.29 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Wednesday, November 30th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Monday, November 28th. Allstate Corp.’s dividend payout ratio is currently 35.68%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. ETRADE Capital Management LLC raised its position in shares of Allstate Corp. by 5.0% in the third quarter. ETRADE Capital Management LLC now owns 33,538 shares of the company’s stock valued at $2,320,000 after buying an additional 1,582 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Allstate Corp. by 301.6% in the third quarter. D.A. Davidson & CO. now owns 26,179 shares of the company’s stock valued at $1,810,000 after buying an additional 19,660 shares in the last quarter. Brinker Capital Inc. purchased a new position in shares of Allstate Corp. during the third quarter valued at about $438,000. Piedmont Investment Advisors LLC purchased a new position in shares of Allstate Corp. during the third quarter valued at about $5,325,000. Finally, Colony Group LLC raised its position in shares of Allstate Corp. by 17.4% in the third quarter. Colony Group LLC now owns 14,154 shares of the company’s stock valued at $979,000 after buying an additional 2,094 shares in the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on ALL. Deutsche Bank AG raised their price objective on Allstate Corp. from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Credit Suisse Group AG set a $73.00 price objective on Allstate Corp. and gave the company a “buy” rating in a research note on Tuesday, August 23rd. Argus reissued a “buy” rating and issued a $76.00 price objective on shares of Allstate Corp. in a research note on Friday, September 2nd. William Blair reissued an “underperform” rating on shares of Allstate Corp. in a research note on Saturday, September 10th. Finally, Barclays PLC reissued an “overweight” rating and issued a $79.00 price objective (up previously from $74.00) on shares of Allstate Corp. in a research note on Friday, September 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $72.27.
Allstate Corp. Company Profile