The Allstate Sets New 12-Month High at $61.97 (ALL)
The Allstate (NYSE:ALL)’s share price reached a new 52-week high during mid-day trading on Monday , Stock Ratings News reports. The stock traded as high as $61.97 and last traded at $61.85, with a volume of 694,469 shares trading hands. The stock had previously closed at $61.22.
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, 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 investment 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 stock. The stock has an average rating of “Buy” and an average price target of $64.75.
The stock has a 50-day moving average of $59.02 and a 200-day moving average of $57.06. The company has a market cap of $26.832 billion and a P/E ratio of 11.99.
The Allstate (NYSE:ALL) last released its earnings data on Wednesday, July 30th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that The Allstate will post $5.02 EPS 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 1.81%. The ex-dividend date of this dividend is Wednesday, August 27th.
In other The Allstate news, VP Samuel H. Pilch sold 11,073 shares of The Allstate stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $61.03, for a total value of $675,785.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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