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 Up 2.5 %

Shares of NYSE:ALL opened at $126.94 on Friday. The stock has a fifty day simple moving average of $123.38 and a two-hundred day simple moving average of $127.65. The stock has a market capitalization of $34.31 billion, a price-to-earnings ratio of 44.23, a PEG ratio of 4.20 and a beta of 0.73. Allstate has a 12-month low of $106.11 and a 12-month 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 announced its quarterly earnings data on Wednesday, August 3rd. The insurance provider reported ($0.76) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the previous year, the business earned $3.79 earnings per share. On average, research analysts anticipate that Allstate will post 4.78 earnings per share for the current fiscal year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Wednesday, August 31st will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, August 30th. Allstate's payout ratio is 118.47%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ALL shares. Argus lowered Allstate from a "buy" rating to a "hold" rating in a research report on Friday, May 20th. TheStreet lowered Allstate from a "b" rating to a "c+" rating in a research report on Wednesday, August 3rd. Raymond James reduced their price target on Allstate from $165.00 to $155.00 in a research report on Thursday, July 21st. Wells Fargo & Company reduced their price target on Allstate from $116.00 to $110.00 and set an "underweight" rating on the stock in a research report on Thursday, July 21st. Finally, Morgan Stanley dropped their price objective on Allstate from $152.00 to $139.00 and set an "equal weight" rating for the company in a report on Monday, May 23rd. 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 given a strong buy rating to the company. Based on data from MarketBeat, Allstate has an average rating of "Moderate Buy" and a consensus target price of $141.08.

Insiders Place Their Bets

In other Allstate news, CEO Thomas J. Wilson sold 142,000 shares of Allstate stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $133.39, for a total value of $18,941,380.00. Following the completion of the sale, the chief executive officer now owns 99,828 shares of the company's stock, valued at approximately $13,316,056.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.77% of the company's stock.