Key Points
- Insider sale: Allstate executive Suren Gupta sold 21,871 shares on November 21 at an average price of $215.21, totaling about $4.71 million, reducing his stake by 17.85% to 100,646 shares.
- Strong quarterly results: Allstate reported EPS of $11.17 versus $5.48 expected and revenue of $17.26 billion versus $16.59 billion, beating estimates and showing meaningful year‑over‑year improvement.
- Dividend announced: Allstate declared a $1.00 quarterly dividend (annualized $4.00) payable January 2 with an ex‑dividend date of December 1, implying a yield of about 1.9%.
The Allstate Corporation (NYSE:ALL - Get Free Report) insider Suren Gupta sold 21,871 shares of the business's stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $215.21, for a total value of $4,706,857.91. Following the sale, the insider owned 100,646 shares in the company, valued at approximately $21,660,025.66. The trade was a 17.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Suren Gupta also recently made the following trade(s):
- On Monday, November 17th, Suren Gupta sold 400 shares of Allstate stock. The stock was sold at an average price of $215.22, for a total transaction of $86,088.00.
- On Friday, November 14th, Suren Gupta sold 1,400 shares of Allstate stock. The shares were sold at an average price of $215.02, for a total transaction of $301,028.00.
Allstate Trading Down 0.8%
Allstate stock opened at $212.67 on Tuesday. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $215.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $55.65 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 0.69 and a beta of 0.35. The company has a 50 day moving average price of $203.70 and a 200 day moving average price of $202.12.
Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.48 by $5.69. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The company had revenue of $17.26 billion during the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the prior year, the company earned $3.91 earnings per share. The company's revenue for the quarter was up 3.8% on a year-over-year basis. Research analysts forecast that The Allstate Corporation will post 18.74 EPS for the current year.
Allstate Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be given a dividend of $1.00 per share. The ex-dividend date is Monday, December 1st. This represents a $4.00 dividend on an annualized basis and a yield of 1.9%. Allstate's dividend payout ratio (DPR) is presently 12.95%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Citigroup raised shares of Allstate to a "hold" rating in a research report on Wednesday, August 13th. Jefferies Financial Group increased their target price on shares of Allstate from $254.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods boosted their price target on shares of Allstate from $246.00 to $250.00 and gave the company an "outperform" rating in a report on Tuesday, November 11th. UBS Group increased their price objective on Allstate from $250.00 to $255.00 and gave the stock a "buy" rating in a report on Monday, November 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Allstate from $254.00 to $260.00 and gave the company an "overweight" rating in a research report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $237.64.
Read Our Latest Stock Analysis on Allstate
Institutional Trading of Allstate
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Guerra Pan Advisors LLC raised its position in Allstate by 1.5% during the 2nd quarter. Guerra Pan Advisors LLC now owns 3,426 shares of the insurance provider's stock valued at $690,000 after purchasing an additional 49 shares during the last quarter. South Plains Financial Inc. increased its stake in shares of Allstate by 41.5% during the third quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider's stock valued at $36,000 after buying an additional 49 shares during the period. Humankind Investments LLC raised its holdings in shares of Allstate by 4.5% during the third quarter. Humankind Investments LLC now owns 1,191 shares of the insurance provider's stock valued at $256,000 after acquiring an additional 51 shares in the last quarter. Focus Financial Network Inc. lifted its stake in Allstate by 1.1% in the third quarter. Focus Financial Network Inc. now owns 4,693 shares of the insurance provider's stock worth $1,012,000 after acquiring an additional 52 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in Allstate by 4.7% in the second quarter. Parkside Financial Bank & Trust now owns 1,189 shares of the insurance provider's stock valued at $239,000 after acquiring an additional 53 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.
About Allstate
(
Get Free Report)
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.
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