Allstate (NYSE:ALL – Get Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, February 1st. Analysts expect the company to announce earnings of ($0.58) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
Allstate (NYSE:ALL – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The insurance provider reported ($1.56) earnings per share for the quarter, topping the consensus estimate of ($1.57) by $0.01. The business had revenue of $13.38 billion for the quarter, compared to analysts’ expectations of $13.30 billion. Allstate had a negative net margin of 0.41% and a positive return on equity of 5.13%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 EPS. On average, analysts expect Allstate to post $0 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Allstate Trading Up 1.6 %
Shares of Allstate stock opened at $127.26 on Wednesday. The stock has a market capitalization of $33.75 billion, a PE ratio of -89.62, a P/E/G ratio of 2.45 and a beta of 0.61. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.39 and a quick ratio of 0.39. The company’s fifty day simple moving average is $133.66 and its 200-day simple moving average is $128.36. Allstate has a 1-year low of $111.85 and a 1-year high of $144.46.
Allstate Dividend Announcement
Institutional Trading of Allstate
Several hedge funds have recently made changes to their positions in ALL. Sei Investments Co. raised its position in shares of Allstate by 40.2% during the 1st quarter. Sei Investments Co. now owns 187,869 shares of the insurance provider’s stock valued at $26,022,000 after buying an additional 53,824 shares in the last quarter. Prudential PLC purchased a new stake in shares of Allstate during the 1st quarter valued at about $1,325,000. Cetera Investment Advisers raised its position in Allstate by 13.9% in the 1st quarter. Cetera Investment Advisers now owns 23,536 shares of the insurance provider’s stock worth $3,260,000 after purchasing an additional 2,874 shares during the period. Dakota Wealth Management purchased a new position in shares of Allstate during the first quarter valued at approximately $270,000. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Allstate by 36.2% during the first quarter. Sequoia Financial Advisors LLC now owns 3,237 shares of the insurance provider’s stock valued at $448,000 after buying an additional 860 shares during the last quarter. 77.48% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
ALL has been the subject of several recent analyst reports. Piper Sandler upped their target price on shares of Allstate from $147.00 to $153.00 and gave the stock an “overweight” rating in a report on Tuesday, January 10th. Wells Fargo & Company dropped their target price on shares of Allstate from $107.00 to $105.00 and set an “underweight” rating for the company in a report on Thursday, January 19th. The Goldman Sachs Group upped their target price on shares of Allstate from $146.00 to $166.00 and gave the stock a “buy” rating in a report on Monday, January 9th. Evercore ISI dropped their target price on shares of Allstate from $151.00 to $144.00 and set an “in-line” rating for the company in a report on Thursday, January 19th. Finally, Barclays decreased their price target on shares of Allstate from $144.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Friday, January 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Allstate has a consensus rating of “Moderate Buy” and a consensus price target of $147.85.
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.
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