Allstate (ALL) Posts Earnings Results

Allstate (NYSE:ALL) issued its earnings results on Wednesday. The insurance provider reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.56, reports. The business had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.09 billion. Allstate had a return on equity of 13.11% and a net margin of 7.32%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $2.17 EPS.

Allstate (NYSE:ALL) opened at $97.99 on Thursday. 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 52-week low of $77.73 and a 52-week high of $105.36. The company has a market capitalization of $34,662.59, a PE ratio of 13.45, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be given a $0.46 dividend. This is a positive change from Allstate’s previous quarterly dividend of $0.37. This represents a $1.84 annualized dividend and a yield of 1.88%. Allstate’s dividend payout ratio (DPR) is 20.56%.

In other Allstate news, insider Suren Gupta sold 103,242 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $98.68, for a total value of $10,187,920.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Susan L. Lees sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $100.49, for a total value of $401,960.00. Following the completion of the transaction, the executive vice president now directly owns 24,341 shares in the company, valued at $2,446,027.09. The disclosure for this sale can be found here. Company insiders own 1.58% of the company’s stock.

Several brokerages recently weighed in on ALL. Wells Fargo & Co reaffirmed a “buy” rating and issued a $105.00 target price on shares of Allstate in a research report on Thursday, November 2nd. ValuEngine raised Allstate from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Credit Suisse Group increased their target price on Allstate from $91.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods lowered Allstate from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $96.43.

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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.

Earnings History for Allstate (NYSE:ALL)

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