Equities analysts predict that Allstate Corporation (The) (NYSE:ALL) will announce $8.42 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Allstate Corporation (The)’s earnings. The highest sales estimate is $8.79 billion and the lowest is $8.27 billion. Allstate Corporation (The) reported sales of $9.14 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 7.9%. The company is expected to report its next earnings results after the market closes on Tuesday, August 1st.

On average, analysts expect that Allstate Corporation (The) will report full-year sales of $8.42 billion for the current financial year, with estimates ranging from $33.32 billion to $37.40 billion. For the next financial year, analysts anticipate that the company will report sales of $35.72 billion per share, with estimates ranging from $34.24 billion to $38.47 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Allstate Corporation (The).

Allstate Corporation (The) (NYSE:ALL) last announced its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.60. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $8.36 billion. Allstate Corporation (The) had a net margin of 6.27% and a return on equity of 11.45%.

A number of research analysts recently weighed in on the company. Morgan Stanley reissued an “equal weight” rating and set a $91.00 target price (up from $85.00) on shares of Allstate Corporation (The) in a report on Thursday. Barclays PLC decreased their target price on Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating on the stock in a report on Monday. Wells Fargo & Company reissued a “buy” rating on shares of Allstate Corporation (The) in a report on Saturday, June 24th. BidaskClub raised Allstate Corporation (The) from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $88.00 target price on shares of Allstate Corporation (The) in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Allstate Corporation (The) currently has a consensus rating of “Buy” and an average target price of $87.00.

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Shares of Allstate Corporation (NYSE:ALL) traded up 0.16% during midday trading on Friday, hitting $88.86. 202,183 shares of the stock traded hands. The company has a market capitalization of $32.39 billion, a PE ratio of 15.07 and a beta of 1.10. The firm’s 50 day moving average price is $86.83 and its 200 day moving average price is $80.91. Allstate Corporation has a 12-month low of $66.55 and a 12-month high of $90.74.

The business also recently announced a quarterly dividend, which was paid on Monday, July 3rd. Stockholders of record on Monday, June 5th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Thursday, June 1st. Allstate Corporation (The)’s dividend payout ratio (DPR) is currently 25.00%.

In other news, insider Harriet K. Harty sold 7,228 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $88.35, for a total transaction of $638,593.80. Following the sale, the insider now directly owns 18,260 shares of the company’s stock, valued at approximately $1,613,271. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Matthew E. Winter sold 33,956 shares of the stock in a transaction on Monday, April 17th. The stock was sold at an average price of $81.01, for a total value of $2,750,775.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 165,157 shares of company stock worth $14,191,466. 1.58% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Henderson Group PLC raised its stake in Allstate Corporation (The) by 1.1% in the first quarter. Henderson Group PLC now owns 47,317 shares of the insurance provider’s stock valued at $3,855,000 after buying an additional 500 shares during the period. FCA Corp TX raised its stake in Allstate Corporation (The) by 0.7% in the first quarter. FCA Corp TX now owns 25,241 shares of the insurance provider’s stock valued at $2,057,000 after buying an additional 180 shares during the period. Paragon Capital Management Ltd bought a new stake in Allstate Corporation (The) during the first quarter valued at about $222,000. IFP Advisors Inc raised its stake in Allstate Corporation (The) by 5.8% in the first quarter. IFP Advisors Inc now owns 12,623 shares of the insurance provider’s stock valued at $1,029,000 after buying an additional 695 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in Allstate Corporation (The) by 4.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,471 shares of the insurance provider’s stock valued at $998,000 after buying an additional 630 shares during the period. 76.32% of the stock is currently owned by institutional investors.

About Allstate Corporation (The)

The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.

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Earnings History and Estimates for Allstate Corporation (The) (NYSE:ALL)

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