Allstate Corp. (ALL) VP Samuel H. Pilch Sells 21,178 Shares
Allstate Corp. (NYSE:ALL) VP Samuel H. Pilch sold 21,178 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $72.24, for a total value of $1,529,898.72. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Allstate Corp. (NYSE:ALL) traded down 0.14% during mid-day trading on Wednesday, reaching $72.27. The company’s stock had a trading volume of 102,397 shares. The firm has a 50-day moving average of $68.84 and a 200-day moving average of $68.42. The firm has a market capitalization of $26.61 billion, a PE ratio of 19.57 and a beta of 0.96. Allstate Corp. has a 52 week low of $56.03 and a 52 week high of $72.72.
Allstate Corp. (NYSE:ALL) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $1.26 EPS for the quarter, hitting analysts’ consensus estimates of $1.26. The business earned $7.87 billion during the quarter, compared to the consensus estimate of $8.35 billion. Allstate Corp. had a return on equity of 9.16% and a net margin of 4.25%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 EPS. Equities research analysts forecast that Allstate Corp. will post $4.29 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Wednesday, November 30th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.32 annualized dividend and a yield of 1.82%. Allstate Corp.’s dividend payout ratio is currently 35.68%.
A number of hedge funds have recently made changes to their positions in ALL. Feltz Wealth PLAN Inc. bought a new stake in shares of Allstate Corp. during the second quarter valued at about $105,000. Van Hulzen Asset Management LLC bought a new stake in shares of Allstate Corp. during the third quarter valued at about $112,000. Pinkerton Retirement Specialists LLC increased its stake 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 valued at $115,000 after buying an additional 1,427 shares in the last quarter. HBK Sorce Advisory LLC bought a new stake in shares of Allstate Corp. during the third quarter valued at about $117,000. Finally, Zions Bancorporation increased its stake in shares of Allstate Corp. by 64.1% in the second quarter. Zions Bancorporation now owns 2,089 shares of the company’s stock valued at $146,000 after buying an additional 816 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.
Several equities analysts have recently weighed in on ALL shares. Barclays PLC restated an “overweight” rating and issued a $79.00 target price (up previously from $74.00) on shares of Allstate Corp. in a research report on Friday, September 30th. Credit Suisse Group AG set a $73.00 target price on Allstate Corp. and gave the company a “buy” rating in a research report on Tuesday, August 23rd. Argus restated a “buy” rating and issued a $76.00 target price on shares of Allstate Corp. in a research report on Friday, September 2nd. Zacks Investment Research downgraded Allstate Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, October 25th. Finally, William Blair restated an “underperform” rating on shares of Allstate Corp. in a research report on Saturday, September 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Allstate Corp. currently has an average rating of “Buy” and a consensus target price of $72.27.
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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