Allstate Corp (NYSE:ALL) – Stock analysts at Langen Mcalenn decreased their Q4 2017 EPS estimates for shares of Allstate in a report released on Tuesday. Langen Mcalenn analyst R. Glasspiegel now anticipates that the insurance provider will earn $1.32 per share for the quarter, down from their prior forecast of $1.43.

ALL has been the topic of several other reports. Wells Fargo & Co reissued a “buy” rating and issued a $105.00 target price on shares of Allstate in a research report on Thursday, November 2nd. Credit Suisse Group lifted their price target on shares of Allstate from $91.00 to $95.00 and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods cut shares of Allstate from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Finally, UBS Group reduced their price target on shares of Allstate from $94.00 to $93.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $96.43.

Shares of Allstate (ALL) opened at $102.13 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26. Allstate has a 12-month low of $73.39 and a 12-month high of $105.36. The stock has a market cap of $36,639.72, a P/E ratio of 14.18, a P/E/G ratio of 1.54 and a beta of 1.12.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.01). Allstate had a return on equity of 13.11% and a net margin of 7.32%. The company had revenue of $8.12 billion during the quarter, compared to analyst estimates of $8.07 billion. During the same period in the prior year, the business posted $1.26 earnings per share. Allstate’s revenue was up 3.2% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th were given a dividend of $0.37 per share. The ex-dividend date was Wednesday, November 29th. This represents a $1.48 dividend on an annualized basis and a yield of 1.45%. Allstate’s dividend payout ratio (DPR) is 20.56%.

In other news, insider Suren Gupta sold 103,242 shares of Allstate stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $98.68, for a total transaction of $10,187,920.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Thomas J. Wilson sold 130,000 shares of Allstate stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 432,242 shares of company stock worth $42,827,931. 1.50% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sandy Spring Bank raised its stake in shares of Allstate by 2.5% during the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock valued at $103,000 after purchasing an additional 28 shares during the period. Afam Capital Inc. raised its stake in shares of Allstate by 1.1% during the second quarter. Afam Capital Inc. now owns 25,484 shares of the insurance provider’s stock valued at $2,254,000 after purchasing an additional 271 shares during the period. Advisory Services Network LLC raised its stake in shares of Allstate by 10.8% during the second quarter. Advisory Services Network LLC now owns 2,798 shares of the insurance provider’s stock valued at $247,000 after purchasing an additional 273 shares during the period. Woodmont Investment Counsel LLC raised its stake in shares of Allstate by 5.3% during the second quarter. Woodmont Investment Counsel LLC now owns 7,403 shares of the insurance provider’s stock valued at $655,000 after purchasing an additional 370 shares during the period. Finally, Acrospire Investment Management LLC increased its stake in shares of Allstate by 33.2% in the second quarter. Acrospire Investment Management LLC now owns 1,598 shares of the insurance provider’s stock worth $141,000 after buying an additional 398 shares during the last quarter. Institutional investors own 76.56% of the company’s stock.

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About Allstate

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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