Insider Selling: Steven C. Verney Sells 12,028 Shares of The Allstate Stock (ALL)
The Allstate (NYSE:ALL) EVP Steven C. Verney sold 12,028 shares of The Allstate stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $58.47, for a total value of $703,277.16. Following the completion of the sale, the executive vice president now directly owns 21,982 shares in the company, valued at approximately $1,285,288. The transaction was disclosed in a filing with the SEC, which is available at this link.
The Allstate (NYSE:ALL) traded down 0.25% during mid-day trading on Tuesday, hitting $58.81. The stock had a trading volume of 2,427,777 shares. The Allstate has a 52-week low of $47.32 and a 52-week high of $59.89. The stock has a 50-day moving average of $58.44 and a 200-day moving average of $56.29. The company has a market cap of $25.488 billion and a P/E ratio of 11.55.
The Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.01 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.86 by $0.15. The company had revenue of $8.86 billion for the quarter, compared to the consensus estimate of $7.58 million. During the same quarter last year, the company posted $1.12 earnings per share. The Allstate’s revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that The Allstate will post $4.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Friday, August 29th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, August 27th.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods reiterated a “buy” rating on shares of The Allstate in a research note on Friday. They now have a $65.00 price target on the stock, up previously from $63.00. Separately, analysts at Nomura reiterated a “neutral” rating on shares of The Allstate in a research note on Thursday, July 31st. They now have a $57.00 price target on the stock, up previously from $56.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Allstate in a research note on Thursday, July 31st. They now have a $60.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $64.67.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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