Key Points
- Suren Gupta, an Allstate insider, sold 600 shares on Nov. 24 at an average price of $215.02 for $129,012, trimming his holdings to 100,646 shares (a 0.59% drop) after also liquidating much larger blocks earlier in November including 21,871 shares on Nov. 21.
- Allstate reported a strong quarter on Nov. 5 with $11.17 EPS versus $5.48 expected and revenue of $17.26 billion (vs. $16.59B est.), with ROE of 28.74% and a net margin of 8.79%.
- The company announced a quarterly dividend of $1.00 per share (annualized $4.00, 1.9% yield) with an ex-dividend date of Dec. 1, while analysts have a consensus rating of "Moderate Buy" and a target price of $237.92.
The Allstate Corporation (NYSE:ALL - Get Free Report) insider Suren Gupta sold 600 shares of the business's stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $215.02, for a total transaction of $129,012.00. Following the sale, the insider directly owned 100,646 shares in the company, valued at approximately $21,640,902.92. This represents a 0.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Suren Gupta also recently made the following trade(s):
- On Friday, November 21st, Suren Gupta sold 21,871 shares of Allstate stock. The stock was sold at an average price of $215.21, for a total transaction of $4,706,857.91.
- On Monday, November 17th, Suren Gupta sold 400 shares of Allstate stock. The shares were sold at an average price of $215.22, for a total value 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 value of $301,028.00.
Allstate Stock Performance
Shares of ALL stock traded up $1.27 during mid-day trading on Thursday, reaching $213.92. The stock had a trading volume of 1,373,549 shares, compared to its average volume of 1,636,661. The Allstate Corporation has a 1-year low of $176.00 and a 1-year high of $215.89. The firm has a market cap of $55.98 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 0.69 and a beta of 0.35. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The business's fifty day moving average is $204.37 and its 200-day moving average is $202.28.
Allstate (NYSE:ALL - Get Free Report) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $11.17 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 firm had revenue of $17.26 billion for the quarter, compared to analyst estimates of $16.59 billion. During the same quarter in the prior year, the firm earned $3.91 earnings per share. Allstate's revenue for the quarter was up 3.8% on a year-over-year basis. On average, research analysts forecast that The Allstate Corporation will post 18.74 earnings per share for the current year.
Allstate Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, December 1st. Allstate's dividend payout ratio (DPR) is 12.95%.
Hedge Funds Weigh In On Allstate
A number of large investors have recently added to or reduced their stakes in ALL. Vanguard Group Inc. increased its stake in shares of Allstate by 1.3% during the second quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider's stock worth $6,690,584,000 after purchasing an additional 435,145 shares in the last quarter. State Street Corp boosted its holdings in Allstate by 0.7% in the 3rd quarter. State Street Corp now owns 11,859,517 shares of the insurance provider's stock worth $2,557,362,000 after buying an additional 85,468 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Allstate by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider's stock valued at $2,424,710,000 after acquiring an additional 2,374,684 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Allstate by 1.2% in the second quarter. Geode Capital Management LLC now owns 6,714,629 shares of the insurance provider's stock valued at $1,345,961,000 after acquiring an additional 79,366 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Allstate by 2.5% in the second quarter. Franklin Resources Inc. now owns 4,670,113 shares of the insurance provider's stock worth $940,140,000 after acquiring an additional 112,858 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ALL has been the topic of several recent research reports. Wolfe Research raised shares of Allstate to a "strong-buy" rating in a report on Tuesday, September 16th. Cantor Fitzgerald raised Allstate to a "hold" rating in a report on Wednesday, August 13th. Barclays reissued an "underweight" rating and issued a $198.00 price target (up from $188.00) on shares of Allstate in a report on Thursday, July 31st. Raymond James Financial reaffirmed a "strong-buy" rating and set a $260.00 target price (up from $250.00) on shares of Allstate in a report on Monday, August 4th. Finally, UBS Group increased their price target on shares of Allstate from $250.00 to $255.00 and gave the stock a "buy" rating in a report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $237.92.
Check Out Our Latest Analysis on Allstate
Allstate Company Profile
(
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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