The Allstate VP Samuel H. Pilch Unloads 11,073 Shares (ALL)
The Allstate (NYSE:ALL) VP Samuel H. Pilch unloaded 11,073 shares of The Allstate stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $61.03, for a total transaction of $675,785.19. Following the sale, the vice president now directly owns 29,187 shares in the company, valued at approximately $1,781,283. The sale was disclosed in a document filed with the SEC, which is available at this link.
The Allstate (NYSE:ALL) traded down 0.31% on Tuesday, hitting $61.09. 1,623,857 shares of the company’s stock traded hands. The Allstate has a 52 week low of $47.32 and a 52 week high of $61.30. The stock’s 50-day moving average is $58.76 and its 200-day moving average is $56.81. The company has a market cap of $26.476 billion and a price-to-earnings ratio of 12.00.
The Allstate (NYSE:ALL) last released its earnings data on Wednesday, July 30th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts predict that The Allstate will post $5.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors 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 1.83%. The ex-dividend date of this dividend is Wednesday, August 27th.
ALL has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of The Allstate in a research note on Tuesday, August 12th. 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 research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $64.75.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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