Allstate Corporation (The) (NYSE:ALL) announced a quarterly dividend on Tuesday, July 11th, RTT News reports. Shareholders of record on Thursday, August 31st will be given a dividend of 0.37 per share by the insurance provider on Monday, October 2nd. This represents a $1.48 annualized dividend and a yield of 1.67%.

Allstate Corporation (The) has increased its dividend by an average of 19.8% per year over the last three years and has raised its dividend every year for the last 6 years. Allstate Corporation (The) has a payout ratio of 23.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Allstate Corporation (The) to earn $6.95 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 21.3%.

Allstate Corporation (NYSE ALL) traded down 0.87% during midday trading on Tuesday, reaching $88.08. 1,045,525 shares of the company’s stock traded hands. Allstate Corporation has a 52-week low of $66.55 and a 52-week high of $90.74. The firm has a market cap of $32.11 billion, a PE ratio of 14.93 and a beta of 1.10. The firm’s 50-day moving average is $86.83 and its 200 day moving average is $80.91.

Allstate Corporation (The) (NYSE:ALL) last issued its earnings results 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 firm 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%. Equities research analysts expect that Allstate Corporation will post $6.12 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on ALL. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a research note on Saturday, June 24th. Barclays PLC dropped their target price on shares of Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating on the stock in a research note on Monday, July 3rd. BidaskClub upgraded shares of Allstate Corporation (The) from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. FBR & Co upped their target price on shares of Allstate Corporation (The) from $70.00 to $82.00 and gave the stock a “mkt perform” rating in a research note on Monday, April 3rd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $91.00 target price (up previously from $85.00) on shares of Allstate Corporation (The) in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Allstate Corporation (The) has a consensus rating of “Buy” and an average price target of $87.00.

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In other Allstate Corporation (The) news, President Matthew E. Winter sold 33,956 shares of the company’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $81.01, for a total transaction of $2,750,775.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sanjay Gupta sold 16,578 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $90.74, for a total transaction of $1,504,287.72. Following the sale, the insider now directly owns 68,780 shares of the company’s stock, valued at $6,241,097.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,157 shares of company stock valued at $14,191,466. 1.58% of the stock is owned by corporate insiders.

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.

Dividend History for Allstate Corporation (The) (NYSE:ALL)

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