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 Price Performance

Allstate stock traded down $1.68 during mid-day trading on Monday, reaching $127.76. The company had a trading volume of 33,790 shares, compared to its average volume of 2,088,944. The business has a fifty day simple moving average of $123.18 and a 200 day simple moving average of $127.85. The company has a market cap of $34.53 billion, a P/E ratio of 44.67, a P/E/G ratio of 4.39 and a beta of 0.73. Allstate has a fifty-two week low of $106.11 and a fifty-two week high of $144.46. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.44.

Allstate (NYSE:ALL - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The insurance provider reported ($0.76) earnings per share for the quarter, topping analysts' consensus estimates of ($1.26) by $0.50. The business had revenue of $12.95 billion for the quarter, compared to analyst estimates of $12.16 billion. Allstate had a return on equity of 7.53% and a net margin of 1.99%. During the same quarter in the previous year, the company posted $3.79 EPS. On average, equities research analysts predict that Allstate will post 4.78 earnings per share for the current year.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Wednesday, August 31st will be issued a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $3.40 dividend on an annualized basis and a yield of 2.66%. Allstate's dividend payout ratio (DPR) is presently 118.47%.

Analysts Set New Price Targets

ALL has been the topic of several research reports. TheStreet downgraded Allstate from a "b" rating to a "c+" rating in a research report on Wednesday, August 3rd. Raymond James reduced their target price on shares of Allstate from $165.00 to $155.00 in a research report on Thursday, July 21st. Argus cut shares of Allstate from a "buy" rating to a "hold" rating in a research note on Friday, May 20th. Morgan Stanley decreased their target price on shares of Allstate from $152.00 to $139.00 and set an "equal weight" rating on the stock in a research report on Monday, May 23rd. Finally, Barclays cut their price target on Allstate from $123.00 to $120.00 and set an "equal weight" rating for the company in a research note on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $141.08.

Insider Buying and Selling

In related 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 value of $18,941,380.00. Following the sale, 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 legal filing with the SEC, which is accessible through the SEC website. 1.77% of the stock is owned by corporate insiders.