Allstate Corp. (ALL) Plans GBX 0.33 Quarterly Dividend
Allstate Corp. (NYSE:ALL) declared a quarterly dividend on Friday, November 18th. Shareholders of record on Wednesday, November 30th will be paid a dividend of 0.33 per share on Tuesday, January 3rd. This represents a $1.32 annualized dividend and a yield of 1.83%.
Allstate Corp. (NYSE:ALL) opened at 72.02 on Monday. The firm’s 50-day moving average is $68.29 and its 200 day moving average is $68.10. The stock has a market cap of $26.52 billion, a P/E ratio of 19.50 and a beta of 0.96. Allstate Corp. has a one year low of $56.03 and a one year high of $72.20.
Allstate Corp. (NYSE:ALL) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $1.26 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.26. Allstate Corp. had a net margin of 4.25% and a return on equity of 9.16%. The firm had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts anticipate that Allstate Corp. will post $4.29 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in ALL. Pinkerton Retirement Specialists LLC raised its position in shares of Allstate Corp. by 654.6% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,645 shares of the company’s stock worth $115,000 after buying an additional 1,427 shares during the period. WFG Advisors LP raised its position in shares of Allstate Corp. by 434.5% in the second quarter. WFG Advisors LP now owns 2,833 shares of the company’s stock worth $198,000 after buying an additional 2,303 shares during the period. Bessemer Group Inc. raised its position in shares of Allstate Corp. by 2.8% in the second quarter. Bessemer Group Inc. now owns 3,170 shares of the company’s stock worth $222,000 after buying an additional 85 shares during the period. Lebenthal Asset Management LLC acquired a new position in shares of Allstate Corp. during the second quarter worth about $267,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Allstate Corp. during the third quarter worth about $269,000. Hedge funds and other institutional investors own 76.92% of the company’s stock.
Several equities analysts have recently issued reports on ALL shares. Deutsche Bank AG upped their price objective on shares of Allstate Corp. from $77.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Credit Suisse Group AG set a $73.00 price objective on shares of Allstate Corp. and gave the company a “buy” rating in a report on Tuesday, August 23rd. Argus restated a “buy” rating and set a $76.00 price objective on shares of Allstate Corp. in a report on Friday, September 2nd. William Blair restated an “underperform” rating on shares of Allstate Corp. in a report on Saturday, September 10th. Finally, Barclays PLC restated an “overweight” rating and set a $79.00 price objective (up previously from $74.00) on shares of Allstate Corp. in a report on Friday, September 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of GBX 72.27 ($0.90).
Allstate Corp. Company Profile
The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business.
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