Media coverage about Allstate (NYSE:ALL) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Allstate earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 45.8307309926461 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern’s scoring:
- Allstate preps $133 million pension contribution for 2018 (pionline.com)
- Collin County Tops Allstate’s Stormiest Counties List (finance.yahoo.com)
- Standard Life Aberdeen plc Decreases Holdings in Allstate Corp (ALL) (americanbankingnews.com)
- King Luther Capital Management Corp Sells 693 Shares of Allstate Corp (ALL) (americanbankingnews.com)
- OppenheimerFunds Inc. Grows Position in Allstate Corp (ALL) (americanbankingnews.com)
Allstate (NYSE:ALL) traded down $1.74 during trading hours on Tuesday, reaching $94.01. 2,690,000 shares of the company were exchanged, compared to its average volume of 2,940,000. Allstate has a 52 week low of $79.09 and a 52 week high of $105.36. The stock has a market capitalization of $33,730.00, a price-to-earnings ratio of 13.47, a PEG ratio of 1.36 and a beta of 0.96. The company has a current ratio of 0.25, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $0.37. This represents a $1.84 dividend on an annualized basis and a yield of 1.96%. Allstate’s payout ratio is currently 21.20%.
ALL has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Allstate from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. UBS Group boosted their target price on shares of Allstate from $93.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Keefe, Bruyette & Woods lowered shares of Allstate from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Goldman Sachs Group initiated coverage on shares of Allstate in a research note on Monday, December 4th. They set a “neutral” rating and a $104.00 target price for the company. Finally, Credit Suisse Group boosted their target price on shares of Allstate from $91.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $99.00.
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Allstate 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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