The Allstate Co. (NYSE:ALL) to Issue $0.92 Quarterly Dividend

The Allstate Co. (NYSE:ALL - Get Free Report) declared a quarterly dividend on Tuesday, May 14th, RTT News reports. Investors of record on Friday, May 31st will be given a dividend of 0.92 per share by the insurance provider on Monday, July 1st. This represents a $3.68 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, May 31st.

Allstate has raised its dividend payment by an average of 18.1% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Allstate has a payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Allstate to earn $17.07 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 21.6%.

Allstate Stock Performance

NYSE ALL traded down $0.80 during trading on Tuesday, hitting $169.08. The company's stock had a trading volume of 1,135,092 shares, compared to its average volume of 1,649,160. Allstate has a 52 week low of $100.57 and a 52 week high of $177.37. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.48. The firm has a market cap of $44.62 billion, a P/E ratio of 37.28, a price-to-earnings-growth ratio of 0.39 and a beta of 0.51. The firm has a 50 day moving average price of $167.50 and a 200 day moving average price of $153.23.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, beating analysts' consensus estimates of $4.11 by $1.02. The business had revenue of $15.26 billion during the quarter, compared to analyst estimates of $12.76 billion. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.30) earnings per share. Equities research analysts forecast that Allstate will post 15 earnings per share for the current fiscal year.

Insider Transactions at Allstate

In related news, CAO John C. Pintozzi sold 4,000 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the transaction, the chief accounting officer now owns 10,736 shares of the company's stock, valued at approximately $1,712,069.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO John C. Pintozzi sold 4,000 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the sale, the chief accounting officer now owns 10,736 shares in the company, valued at $1,712,069.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of the transaction, the insider now owns 63,731 shares of the company's stock, valued at $10,847,016.20. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Roth Mkm raised their target price on shares of Allstate from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, April 8th. Evercore ISI increased their price target on Allstate from $166.00 to $173.00 and gave the company an "in-line" rating in a research report on Thursday, April 11th. Piper Sandler boosted their price target on Allstate from $172.00 to $188.00 and gave the stock an "overweight" rating in a research report on Monday, April 1st. Raymond James raised their target price on shares of Allstate from $155.00 to $180.00 and gave the company a "strong-buy" rating in a research note on Monday, January 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Allstate from $185.00 to $193.00 and gave the stock an "overweight" rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Allstate presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.59.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.