Allstate Corporation (The) (NYSE:ALL) – Equities research analysts at William Blair raised their Q3 2017 EPS estimates for Allstate Corporation (The) in a report issued on Wednesday. William Blair analyst A. Klauber now expects that the insurance provider will earn $1.84 per share for the quarter, up from their prior forecast of $1.65. William Blair also issued estimates for Allstate Corporation (The)’s Q4 2017 earnings at $1.78 EPS, FY2017 earnings at $6.63 EPS, Q1 2018 earnings at $1.13 EPS, Q2 2018 earnings at $1.13 EPS, Q3 2018 earnings at $1.91 EPS, Q4 2018 earnings at $1.82 EPS and FY2018 earnings at $5.98 EPS.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a report on Saturday, June 24th. MKM Partners reiterated a “buy” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Allstate Corporation (The) in a report on Thursday, May 4th. Citigroup Inc. upped their price objective on Allstate Corporation (The) from $97.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, July 13th. BidaskClub downgraded Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $91.00 price objective (up previously from $85.00) on shares of Allstate Corporation (The) in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $89.38.

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Allstate Corporation (NYSE ALL) opened at 94.22 on Monday. The stock has a market cap of $34.05 billion, a PE ratio of 13.92 and a beta of 1.10. Allstate Corporation has a 52 week low of $66.55 and a 52 week high of $94.49. The company has a 50-day moving average price of $89.06 and a 200-day moving average price of $83.42.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.48. The firm had revenue of $8.02 billion for the quarter, compared to analysts’ expectations of $7.99 billion. Allstate Corporation (The) had a return on equity of 12.73% and a net margin of 7.02%. Allstate Corporation (The)’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS.

Hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Partners Fund LP purchased a new position in Allstate Corporation (The) during the first quarter worth about $122,000. Bronfman E.L. Rothschild L.P. increased its position in Allstate Corporation (The) by 8.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,550 shares of the insurance provider’s stock worth $126,000 after buying an additional 122 shares during the last quarter. Oakworth Capital Inc. increased its position in Allstate Corporation (The) by 505.8% in the first quarter. Oakworth Capital Inc. now owns 1,775 shares of the insurance provider’s stock worth $145,000 after buying an additional 1,482 shares during the last quarter. Howard Hughes Medical Institute purchased a new position in Allstate Corporation (The) during the first quarter worth about $160,000. Finally, Watermark Asset Management Inc. purchased a new position in Allstate Corporation (The) during the first quarter worth about $170,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

In related news, President Matthew E. Winter sold 33,957 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $84.38, for a total transaction of $2,865,291.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Harriet K. Harty sold 7,228 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $88.35, for a total value of $638,593.80. Following the transaction, the insider now owns 18,260 shares of the company’s stock, valued at $1,613,271. The disclosure for this sale can be found here. Insiders sold 170,677 shares of company stock valued at $14,975,887 over the last 90 days. Corporate insiders own 1.58% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, August 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. Allstate Corporation (The)’s dividend payout ratio (DPR) is currently 21.86%.

Allstate Corporation (The) declared that its board has initiated a share buyback program on Tuesday, August 1st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the insurance provider to repurchase up to 63% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

Allstate Corporation (The) Company Profile

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.

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

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