The Allstate Hits New 1-Year High at $60.00 (ALL)
The Allstate (NYSE:ALL) hit a new 52-week high during mid-day trading on Tuesday , AnalystRatings.NET reports. The company traded as high as $60.00 and last traded at $59.92, with a volume of 1,515,813 shares changing hands. The stock had previously closed at $59.56.
A number of research firms have recently commented on ALL. Analysts at Deutsche Bank reiterated a “hold” rating on shares of The Allstate in a research note on Tuesday. They now have a $63.00 price target on the stock, up previously from $60.00. Separately, analysts at Keefe, Bruyette & Woods reiterated a “buy” rating on shares of The Allstate in a research note on Friday, August 1st. They now have a $65.00 price target on the stock, up previously from $63.00. Finally, 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. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $64.75.
The stock has a 50-day moving average of $58.50 and a 200-day moving average of $56.48. The company has a market cap of $26.069 billion and a P/E ratio of 11.66.
The Allstate (NYSE:ALL) last announced its earnings results 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 $5.00 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 1.88%. The ex-dividend date is Wednesday, August 27th.
In other The Allstate news, CFO Steven E. Shebik sold 20,836 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $59.24, for a total value of $1,234,324.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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