Allstate Corp (NYSE:ALL) – Equities researchers at William Blair boosted their Q2 2018 earnings estimates for shares of Allstate in a research report issued on Friday. William Blair analyst A. Klauber now forecasts that the insurance provider will earn $1.45 per share for the quarter, up from their prior estimate of $1.28. William Blair also issued estimates for Allstate’s Q2 2019 earnings at $1.45 EPS.
ALL has been the subject of a number of other reports. Zacks Investment Research raised Allstate from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. UBS Group increased their price objective on Allstate from $93.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Keefe, Bruyette & Woods lowered Allstate from a “market perform” rating to an “underperform” rating in a report on Tuesday, January 2nd. Goldman Sachs Group started coverage on Allstate in a report on Monday, December 4th. They issued a “neutral” rating and a $104.00 price objective for the company. Finally, Credit Suisse Group increased their price objective on Allstate from $91.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $97.00.
Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.56. Allstate had a return on equity of 12.57% and a net margin of 8.28%. The business had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same period in the prior year, the company posted $2.17 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year.
The company also recently announced 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 represents a $1.84 dividend on an annualized basis and a yield of 2.02%. This is an increase from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 2nd. Allstate’s dividend payout ratio is 17.68%.
In other Allstate news, EVP Susan L. Lees sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $100.49, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.58% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arrow Financial Corp lifted its position in shares of Allstate by 100.0% during the 3rd quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock valued at $102,000 after acquiring an additional 553 shares during the last quarter. Financial Engines Advisors L.L.C. acquired a new stake in shares of Allstate during the 3rd quarter valued at $116,000. Baker Ellis Asset Management LLC acquired a new stake in shares of Allstate during the 3rd quarter valued at $120,000. Rational Advisors LLC acquired a new stake in shares of Allstate during the 4th quarter valued at $126,000. Finally, Taylor Hoffman Wealth Management acquired a new stake in shares of Allstate during the 4th quarter valued at $131,000. Hedge funds and other institutional investors own 76.89% of the company’s stock.
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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