Allstate Corporation (The) (NYSE:ALL) – Equities researchers at FBR & Co boosted their FY2018 earnings per share estimates for Allstate Corporation (The) in a research note issued on Tuesday. FBR & Co analyst R. Binner now forecasts that the insurance provider will post earnings of $6.75 per share for the year, up from their prior forecast of $6.65. FBR & Co currently has a “Mkt Perform” rating and a $82.00 target price on the stock.

A number of other research analysts have also commented on ALL. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a research report on Saturday, June 24th. BidaskClub lowered Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Barclays PLC decreased their price objective on Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating on the stock in a research report on Monday, July 3rd. Morgan Stanley reiterated an “equal weight” rating and issued a $91.00 price objective (up from $85.00) on shares of Allstate Corporation (The) in a research report on Thursday, July 6th. Finally, Credit Suisse Group set a $86.00 price objective on Allstate Corporation (The) and gave the company a “hold” rating in a research report on Saturday, March 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $87.00.

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Shares of Allstate Corporation (NYSE:ALL) traded up 0.35% during mid-day trading on Wednesday, hitting $88.25. The stock had a trading volume of 660,546 shares. The stock has a market cap of $32.17 billion, a price-to-earnings ratio of 14.96 and a beta of 1.10. The firm’s 50-day moving average price is $86.83 and its 200 day moving average price is $80.91. Allstate Corporation has a 12-month low of $66.55 and a 12-month high of $90.74.

Allstate Corporation (The) (NYSE:ALL) last announced its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.60. The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $8.36 billion. Allstate Corporation (The) had a return on equity of 11.45% and a net margin of 6.27%.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.68%. Allstate Corporation (The)’s dividend payout ratio is presently 25.00%.

In other Allstate Corporation (The) news, insider Harriet K. Harty sold 7,228 shares of Allstate Corporation (The) stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $88.35, for a total value of $638,593.80. Following the sale, the insider now owns 18,260 shares of the company’s stock, valued at approximately $1,613,271. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sanjay Gupta sold 16,578 shares of Allstate Corporation (The) stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $90.74, for a total value of $1,504,287.72. Following the completion of the sale, the insider now directly owns 68,780 shares in the company, valued at approximately $6,241,097.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,157 shares of company stock worth $14,191,466. Corporate insiders own 1.58% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in ALL. FNY Partners Fund LP purchased a new stake in Allstate Corporation (The) during the first quarter valued at about $122,000. Bronfman E.L. Rothschild L.P. increased its stake in Allstate Corporation (The) by 8.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,550 shares of the insurance provider’s stock valued at $126,000 after buying an additional 122 shares in the last quarter. Oakworth Capital Inc. increased its stake in Allstate Corporation (The) by 505.8% in the first quarter. Oakworth Capital Inc. now owns 1,775 shares of the insurance provider’s stock valued at $145,000 after buying an additional 1,482 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in Allstate Corporation (The) during the first quarter valued at about $160,000. Finally, Watermark Asset Management Inc. purchased a new stake in Allstate Corporation (The) during the first quarter valued at about $170,000. 76.27% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Corporation (The) Company Profile

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.

Earnings History and Estimates for Allstate Corporation (The) (NYSE:ALL)

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