Allstate - ALL Stock Forecast, Price & News

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names. The Protection Services segment provides consumer product protection plans and related technical support for mobile phones, consumer electronics, furniture, and appliances; finance and insurance products, including vehicle service contracts, guaranteed asset protection waivers, road hazard tire and wheel, and paint and fabric protection; roadside assistance; device and mobile data collection services; data and analytic solutions using automotive telematics information; and identity protection services. This segment offers its products under various brands including Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside Services, Arity, and Allstate Identity Protection. The Allstate Health and Benefits provides life, accident, critical illness, short-term disability, and other health insurance products. The Run-off Property-Liability offers property and casualty insurance. It sells its products through call centers, agencies, financial specialists, independent agents, brokers, wholesale partners, and affinity groups, as well as through online and mobile applications. The Allstate Corporation was founded in 1931 and is based in Northbrook, Illinois.

Allstate Stock Performance

ALL opened at $123.79 on Thursday. Allstate has a 52-week low of $106.11 and a 52-week high of $144.46. The firm's 50-day moving average price is $123.60 and its 200-day moving average price is $127.68. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.44. The company has a market cap of $33.46 billion, a P/E ratio of 43.13, a price-to-earnings-growth ratio of 4.14 and a beta of 0.73.

Allstate (NYSE:ALL - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The insurance provider reported ($0.76) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.26) by $0.50. The business had revenue of $12.95 billion during the quarter, compared to analysts' expectations of $12.16 billion. Allstate had a return on equity of 7.53% and a net margin of 1.99%. During the same quarter last year, the business posted $3.79 EPS. As a group, equities analysts anticipate that Allstate will post 4.69 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Wednesday, August 31st will be given a $0.85 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $3.40 annualized dividend and a dividend yield of 2.75%. Allstate's dividend payout ratio is presently 118.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup started coverage on shares of Allstate in a research note on Monday, May 23rd. They issued a "buy" rating and a $159.00 target price for the company. Argus cut shares of Allstate from a "buy" rating to a "hold" rating in a report on Friday, May 20th. Piper Sandler reduced their price target on shares of Allstate from $150.00 to $147.00 and set an "overweight" rating on the stock in a research report on Friday, April 22nd. Barclays cut their target price on shares of Allstate from $123.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, TheStreet lowered shares of Allstate from a "b" rating to a "c+" rating in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $141.08.

Insider Buying and Selling at Allstate

In other news, CEO Thomas J. Wilson sold 142,000 shares of the business's stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $133.39, for a total transaction of $18,941,380.00. Following the completion of the transaction, the chief executive officer now owns 99,828 shares of the company's stock, valued at $13,316,056.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.77% of the stock is currently owned by corporate insiders.