Allstate Corp (NYSE:ALL) President Matthew E. Winter sold 33,956 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $82.18, for a total transaction of $2,790,504.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Allstate Corp (NYSE:ALL) opened at 82.37 on Tuesday. The stock has a 50 day moving average of $80.06 and a 200 day moving average of $73.02. The stock has a market cap of $30.08 billion, a P/E ratio of 17.64 and a beta of 0.96. Allstate Corp has a one year low of $64.36 and a one year high of $83.09.
Allstate Corp (NYSE:ALL) last issued its earnings results on Wednesday, February 1st. The company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.63 by $0.54. Allstate Corp had a net margin of 5.14% and a return on equity of 10.21%. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $7.74 billion. During the same period in the previous year, the firm earned $1.60 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts forecast that Allstate Corp will post $6.23 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Tuesday, February 28th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.80%. This is an increase from Allstate Corp’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, February 24th. Allstate Corp’s payout ratio is presently 28.09%.
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A number of research firms have weighed in on ALL. Zacks Investment Research raised shares of Allstate Corp from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Tuesday, March 14th. Keefe, Bruyette & Woods lowered shares of Allstate Corp from an “outperform” rating to a “market perform” rating and set a $81.00 price objective on the stock. in a research note on Wednesday, March 1st. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Allstate Corp in a research note on Sunday, February 5th. FBR & Co reaffirmed a “hold” rating on shares of Allstate Corp in a research note on Thursday, February 2nd. Finally, Goldman Sachs Group Inc raised shares of Allstate Corp from a “neutral” rating to a “buy” rating and raised their price objective for the company from $71.00 to $82.00 in a research note on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. Allstate Corp currently has an average rating of “Buy” and an average price target of $81.50.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Hills Bank & Trust Co. bought a new position in shares of Allstate Corp during the third quarter worth about $871,000. Advisory Services Network LLC increased its position in shares of Allstate Corp by 12.2% in the third quarter. Advisory Services Network LLC now owns 2,774 shares of the company’s stock worth $192,000 after buying an additional 301 shares during the last quarter. Central Bank & Trust Co. increased its position in shares of Allstate Corp by 8.0% in the third quarter. Central Bank & Trust Co. now owns 4,157 shares of the company’s stock worth $288,000 after buying an additional 309 shares during the last quarter. F&V Capital Management LLC increased its position in shares of Allstate Corp by 2.3% in the third quarter. F&V Capital Management LLC now owns 79,695 shares of the company’s stock worth $5,513,000 after buying an additional 1,820 shares during the last quarter. Finally, West Oak Capital LLC increased its position in shares of Allstate Corp by 24.2% in the third quarter. West Oak Capital LLC now owns 4,164 shares of the company’s stock worth $288,000 after buying an additional 811 shares during the last quarter. 76.44% of the stock is currently owned by institutional investors.
About Allstate Corp
The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business.
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