Allstate Corp. VP Samuel Pilch Unloads 117,194 Shares (ALL)
Allstate Corp. (NYSE:ALL) VP Samuel Pilch sold 117,194 shares of the stock on the open market in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $53.06, for a total value of $6,218,313.64. Following the sale, the vice president now directly owns 33,205 shares of the company’s stock, valued at approximately $1,761,857. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Allstate Corp. (NYSE:ALL) traded up 0.58% during mid-day trading on Thursday, hitting $53.95. 1,753,984 shares of the company’s stock traded hands. Allstate Corp. has a 52-week low of $37.10 and a 52-week high of $52.61. The stock has a 50-day moving average of $49.72 and a 200-day moving average of $48.99. The company has a market cap of $25.003 billion and a price-to-earnings ratio of 11.47.
Allstate Corp. (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.99 by $0.13. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $7.01 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Allstate Corp. will post $5.13 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods upgraded shares of Allstate Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. They now have a $62.00 price target on the stock, up previously from $54.00. Separately, analysts at Credit Suisse raised their price target on shares of Allstate Corp. from $55.00 to $62.00 in a research note to investors on Thursday, September 19th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Allstate Corp. in a research note to investors on Wednesday, September 18th. They now have a $54.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.00.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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