Allstate (NYSE:ALL – Get Free Report) issued its quarterly earnings data on Wednesday. The insurance provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28, Briefing.com reports. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The company had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.04 billion. During the same quarter in the previous year, the firm posted ($4.42) earnings per share. Allstate’s revenue for the quarter was up 12.4% compared to the same quarter last year.
Allstate Trading Up 2.9 %
NYSE ALL traded up $4.99 during trading hours on Thursday, reaching $176.11. The company had a trading volume of 1,774,000 shares, compared to its average volume of 1,566,367. The stock has a market capitalization of $46.48 billion, a P/E ratio of 37.78, a price-to-earnings-growth ratio of 1.82 and a beta of 0.48. The stock has a 50-day moving average of $164.17 and a 200 day moving average of $163.89. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. Allstate has a 1-year low of $104.29 and a 1-year high of $180.87.
Allstate Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be given a $0.92 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $3.68 annualized dividend and a yield of 2.09%. Allstate’s payout ratio is 81.24%.
Insider Activity at Allstate
Analyst Upgrades and Downgrades
ALL has been the topic of several analyst reports. Morgan Stanley cut their target price on Allstate from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Evercore ISI raised their target price on shares of Allstate from $166.00 to $173.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. The Goldman Sachs Group increased their price objective on Allstate from $197.00 to $199.00 and gave the company a “buy” rating in a report on Friday, July 19th. Bank of America upped their price target on shares of Allstate from $213.00 to $226.00 and gave the company a “buy” rating in a research note on Thursday. Finally, BMO Capital Markets upgraded Allstate from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $190.00 to $191.00 in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $183.24.
Check Out Our Latest Stock Report on Allstate
About Allstate
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.
Read More
- Five stocks we like better than Allstate
- How to Effectively Use the MarketBeat Ratings Screener
- First Solar Stock: The Dawn of a New Rally in Share Prices
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Mastercard Stock’s Q2 Financial Results Outshine Competitors
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- Tobacco Giant’s Shares Fall on EPS Miss, Lackluster Pouch Gains
Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.