Allstate Corp. EVP Sells $2,205,070 in Stock (ALL)
Allstate Corp. (NYSE:ALL) EVP Judith P. Greffin unloaded 40,714 shares of the company’s stock on the open market in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $54.16, for a total value of $2,205,070.24. Following the transaction, the executive vice president now directly owns 50,639 shares of the company’s stock, valued at approximately $2,742,608. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Allstate Corp. to $62.00 in a research note on Thursday, February 20th. They now have an “outperform” rating on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Allstate Corp. in a research note on Wednesday, February 12th. They set a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Allstate Corp. in a research note on Friday, February 7th. They now have a $55.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $57.44.
Allstate Corp. (NYSE:ALL) traded down 0.39% on Tuesday, hitting $53.65. 2,714,639 shares of the company’s stock traded hands. Allstate Corp. has a one year low of $45.11 and a one year high of $54.84. The stock has a 50-day moving average of $52.46 and a 200-day moving average of $52.21. The company has a market cap of $24.089 billion and a price-to-earnings ratio of 11.20.
Allstate Corp. (NYSE:ALL) last released its earnings data on Thursday, February 6th. The company reported $1.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.37 by $0.33. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.55 million. During the same quarter last year, the company posted $0.59 earnings per share. Allstate Corp.’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that Allstate Corp. will post $5.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Allstate Corp.’s previous quarterly dividend of $0.25.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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