Share on StockTwits

The Allstate (NYSE:ALL) declared a quarterly dividend on Tuesday, July 22nd, AR Network reports. Investors of record on Friday, August 29th will be given a dividend of 0.28 per share on Wednesday, October 1st. This represents a $1.12 dividend on an annualized basis and a yield of 1.93%.

ALL has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of The Allstate in a research note on Monday, June 30th. They now have a $68.00 price target on the stock, up previously from $65.00. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of The Allstate in a research note on Friday, June 27th. They now have a $61.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of The Allstate from $63.00 to $64.00 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The Allstate currently has an average rating of “Buy” and an average price target of $64.50.

The Allstate (NYSE:ALL) traded up 0.07% on Tuesday, hitting $58.05. 465,617 shares of the company’s stock traded hands. The Allstate has a 1-year low of $47.32 and a 1-year high of $59.68. The stock’s 50-day moving average is $58.70 and its 200-day moving average is $55.95. The company has a market cap of $25.193 billion and a P/E ratio of 12.53.

The Allstate (NYSE:ALL) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.76. The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $8.46 billion. During the same quarter last year, the company posted $1.47 earnings per share. The Allstate’s revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that The Allstate will post $4.73 earnings per share for the current fiscal year.

The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.