The Allstate EVP Susan L. Lees Unloads 10,526 Shares (ALL)
The Allstate (NYSE:ALL) EVP Susan L. Lees unloaded 10,526 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $59.73, for a total value of $628,717.98. Following the transaction, the executive vice president now directly owns 12,407 shares in the company, valued at approximately $741,070. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of The Allstate (NYSE:ALL) traded down 0.01% on Wednesday, hitting $60.1431. The stock had a trading volume of 1,154,454 shares. The Allstate has a 52-week low of $47.32 and a 52-week high of $60.19. The stock has a 50-day moving average of $58.53 and a 200-day moving average of $56.5. The company has a market cap of $26.066 billion and a price-to-earnings ratio of 11.78.
The Allstate (NYSE:ALL) last released its 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. Analysts expect that The Allstate will post $5.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Friday, August 29th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, August 27th.
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 analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The Allstate currently has an average rating of “Buy” and a consensus target price of $64.75.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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