Allstate Target of Unusually Large Options Trading (ALL)

Allstate Corp (NYSE:ALL) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 3,614 put options on the stock. This represents an increase of 1,290% compared to the typical volume of 260 put options.

ALL has been the topic of several recent research reports. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Wednesday, January 3rd. Wells Fargo & Co set a $110.00 target price on shares of Allstate and gave the stock a “buy” rating in a report on Thursday, November 16th. ValuEngine raised shares of Allstate from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America lowered their target price on shares of Allstate from $116.00 to $111.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Deutsche Bank lowered their target price on shares of Allstate from $102.00 to $100.00 and set a “hold” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $97.00.

Allstate (NYSE ALL) opened at $90.89 on Friday. The stock has a market cap of $32,320.00, a P/E ratio of 12.62, a P/E/G ratio of 1.43 and a beta of 0.96. 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 one year low of $78.13 and a one year high of $105.36.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.56. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.09 billion. Allstate had a net margin of 8.28% and a return on equity of 12.72%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $2.17 earnings per share. equities analysts anticipate that Allstate will post 8.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.02%. This is a boost from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 2nd. Allstate’s dividend payout ratio (DPR) is 20.56%.

In other Allstate news, EVP Susan L. Lees sold 4,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 24,341 shares in the company, valued at $2,446,027.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.58% of the company’s stock.

A number of large investors have recently made changes to their positions in ALL. First Republic Investment Management Inc. boosted its position in Allstate by 45.6% in the fourth quarter. First Republic Investment Management Inc. now owns 27,749 shares of the insurance provider’s stock valued at $2,906,000 after buying an additional 8,695 shares in the last quarter. Norinchukin Bank The boosted its position in Allstate by 11.9% in the fourth quarter. Norinchukin Bank The now owns 17,989 shares of the insurance provider’s stock valued at $1,884,000 after buying an additional 1,908 shares in the last quarter. FDx Advisors Inc. boosted its position in Allstate by 13.8% in the fourth quarter. FDx Advisors Inc. now owns 15,747 shares of the insurance provider’s stock valued at $1,649,000 after buying an additional 1,906 shares in the last quarter. ARP Americas LP acquired a new stake in Allstate in the fourth quarter valued at approximately $3,278,000. Finally, American International Group Inc. boosted its position in Allstate by 1.8% in the fourth quarter. American International Group Inc. now owns 162,150 shares of the insurance provider’s stock valued at $16,979,000 after buying an additional 2,907 shares in the last quarter. 76.89% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/10/allstate-target-of-unusually-large-options-trading-all.html.

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.

Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply