Allstate Corporation (The) (NYSE:ALL) – Stock analysts at B. Riley issued their Q4 2017 EPS estimates for shares of Allstate in a report released on Monday. B. Riley analyst R. Binner anticipates that the insurance provider will earn $1.98 per share for the quarter. B. Riley has a “Neutral” rating on the stock.
ALL has been the subject of a number of other research reports. Barclays lifted their price target on shares of Allstate from $101.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of Allstate from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. UBS boosted their target price on shares of Allstate from $93.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Citigroup lowered their target price on shares of Allstate from $107.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, October 2nd. Finally, Credit Suisse Group boosted their target price on shares of Allstate from $91.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Allstate has a consensus rating of “Hold” and an average target price of $95.08.
Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The company had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.07 billion. Allstate had a return on equity of 13.11% and a net margin of 7.32%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.37 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.48 annualized dividend and a yield of 1.44%. Allstate’s payout ratio is 20.56%.
In other news, CEO Thomas J. Wilson sold 130,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $99.29, for a total transaction of $12,907,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Susan L. Lees sold 4,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $100.49, for a total transaction of $401,960.00. Following the transaction, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at approximately $2,446,027.09. The disclosure for this sale can be found here. In the last quarter, insiders have sold 432,242 shares of company stock valued at $42,827,931. 1.50% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Arrow Financial Corp lifted its holdings in Allstate by 100.0% in the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock worth $102,000 after purchasing an additional 553 shares during the period. Sandy Spring Bank lifted its holdings in Allstate by 2.5% in the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock worth $103,000 after purchasing an additional 28 shares during the period. Jackson Grant Investment Advisers Inc. lifted its holdings in Allstate by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock worth $108,000 after purchasing an additional 5 shares during the period. Financial Engines Advisors L.L.C. acquired a new stake in Allstate in the third quarter worth about $116,000. Finally, IHT Wealth Management LLC lifted its holdings in Allstate by 46.6% in the second quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 405 shares during the period. 76.33% of the stock is owned by institutional investors.
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Allstate 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.
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