The Allstate Corporation (NYSE:ALL) Plans Quarterly Dividend of $1.00

The Allstate Corporation (NYSE:ALL - Get Free Report) announced a quarterly dividend on Tuesday, July 15th, RTT News reports. Investors of record on Friday, August 29th will be paid a dividend of 1.00 per share by the insurance provider on Wednesday, October 1st. This represents a $4.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Friday, August 29th.

Allstate has a dividend payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Allstate to earn $21.55 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 18.6%.

Allstate Price Performance

ALL traded down $5.15 on Thursday, reaching $190.47. The company had a trading volume of 247,610 shares, compared to its average volume of 1,639,634. The business has a 50 day simple moving average of $200.54 and a 200 day simple moving average of $196.65. The company has a market cap of $50.44 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 0.99 and a beta of 0.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.40 and a current ratio of 0.40. Allstate has a 52-week low of $162.27 and a 52-week high of $213.18.

Allstate (NYSE:ALL - Get Free Report) last announced its earnings results on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing analysts' consensus estimates of $3.98 by ($0.45). The company had revenue of $14.30 billion during the quarter, compared to analysts' expectations of $16.41 billion. Allstate had a net margin of 6.19% and a return on equity of 24.62%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $5.13 earnings per share. As a group, sell-side analysts anticipate that Allstate will post 18.74 EPS for the current year.

Institutional Trading of Allstate

An institutional investor recently raised its position in Allstate stock. Brighton Jones LLC grew its holdings in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 60.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,500 shares of the insurance provider's stock after buying an additional 2,443 shares during the period. Brighton Jones LLC's holdings in Allstate were worth $1,253,000 as of its most recent SEC filing. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on ALL shares. UBS Group lifted their price target on shares of Allstate from $230.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Evercore ISI lifted their price target on shares of Allstate from $227.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. William Blair initiated coverage on shares of Allstate in a report on Friday, June 6th. They issued a "sector outperform" rating on the stock. Wall Street Zen cut shares of Allstate from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $250.00 target price (up previously from $240.00) on shares of Allstate in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $227.07.

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.