Allstate (ALL) Scheduled to Post Earnings on Wednesday

Allstate (NYSE:ALL) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Allstate to post earnings of $3.78 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $1.95. The business had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $12.69 billion. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted ($1.36) earnings per share. On average, analysts expect Allstate to post $13 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Allstate Trading Down 1.3 %

NYSE:ALL opened at $170.07 on Monday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $44.74 billion, a price-to-earnings ratio of -137.15, a PEG ratio of 0.42 and a beta of 0.52. The firm has a fifty day simple moving average of $165.09 and a two-hundred day simple moving average of $149.63. Allstate has a 12 month low of $100.57 and a 12 month high of $176.93.

Allstate Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.16%. This is a boost from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date was Friday, March 1st. Allstate’s dividend payout ratio (DPR) is presently -296.77%.

Analyst Ratings Changes

A number of equities research analysts have commented on ALL shares. Wells Fargo & Company raised their price target on shares of Allstate from $145.00 to $146.00 and gave the stock an “underweight” rating in a report on Thursday, April 11th. BMO Capital Markets raised their price objective on shares of Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a research note on Friday, January 19th. Roth Mkm raised their price objective on shares of Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. raised their price objective on shares of Allstate from $172.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, TD Cowen started coverage on shares of Allstate in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $193.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $173.71.

Insiders Place Their Bets

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the sale, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of the transaction, the insider now owns 63,731 shares in the company, valued at $10,847,016.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the transaction, the chief accounting officer now owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.