Wall Street brokerages forecast that Allstate Corp (NYSE:ALL) will report earnings per share of $1.57 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Allstate’s earnings. The highest EPS estimate is $2.12 and the lowest is $1.32. Allstate posted earnings per share of $2.17 in the same quarter last year, which would indicate a negative year over year growth rate of 27.6%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, February 7th.
According to Zacks, analysts expect that Allstate will report full-year earnings of $6.18 per share for the current financial year, with EPS estimates ranging from $5.96 to $6.73. For the next financial year, analysts forecast that the business will post earnings of $8.13 per share, with EPS estimates ranging from $6.85 to $9.05. Zacks’ EPS calculations are an average based on a survey of research firms that follow Allstate.
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 Zacks’ consensus estimate of $1.61 by ($0.01). The business had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.07 billion. Allstate had a return on equity of 13.11% and a net margin of 7.32%. Allstate’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 earnings per share.
Allstate (ALL) traded down $0.20 during trading on Friday, reaching $100.53. 2,777,106 shares of the company’s stock were exchanged, compared to its average volume of 2,100,000. The firm has a market cap of $36,070.00, a price-to-earnings ratio of 13.96, a PEG ratio of 1.49 and a beta of 1.12. Allstate has a 12 month low of $74.74 and a 12 month high of $105.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Wednesday, November 29th. Allstate’s dividend payout ratio is presently 20.56%.
In other Allstate news, EVP Susan L. Lees sold 4,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $100.49, for a total value of $401,960.00. Following the sale, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at approximately $2,446,027.09. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Suren Gupta sold 103,242 shares of the 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 disclosure for this sale can be found here. Over the last three months, insiders sold 432,242 shares of company stock worth $42,827,931. Insiders own 1.58% of the company’s stock.
Several large investors have recently made changes to their positions in the business. Highland Capital Management LLC purchased a new stake in shares of Allstate in the 4th quarter valued at approximately $773,000. Eqis Capital Management Inc. increased its position in shares of Allstate by 141.0% in the 4th quarter. Eqis Capital Management Inc. now owns 6,942 shares of the insurance provider’s stock valued at $727,000 after purchasing an additional 4,062 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Allstate by 7.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,467,650 shares of the insurance provider’s stock valued at $153,721,000 after purchasing an additional 101,911 shares during the last quarter. Vicus Capital purchased a new position in shares of Allstate in the 4th quarter valued at $204,000. Finally, APG Asset Management N.V. grew its position in shares of Allstate by 20.2% in the 4th quarter. APG Asset Management N.V. now owns 4,047,736 shares of the insurance provider’s stock valued at $352,963,000 after buying an additional 679,300 shares during the last quarter. 76.58% of the stock is currently owned by institutional investors.
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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