Equities analysts predict that Allstate Corporation (The) (NYSE:ALL) will post sales of $8.37 billion for the current quarter, according to Zacks. Three analysts have made estimates for Allstate Corporation (The)’s earnings, with the highest sales estimate coming in at $8.40 billion and the lowest estimate coming in at $8.31 billion. Allstate Corporation (The) posted sales of $9.19 billion in the same quarter last year, which suggests a negative year over year growth rate of 8.9%. The firm is expected to issue its next earnings report after the market closes on Wednesday, November 1st.

On average, analysts expect that Allstate Corporation (The) will report full year sales of $8.37 billion for the current financial year, with estimates ranging from $33.37 billion to $37.92 billion. For the next year, analysts anticipate that the firm will post sales of $35.50 billion per share, with estimates ranging from $34.26 billion to $38.54 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Allstate Corporation (The).

Allstate Corporation (The) (NYSE:ALL) last released its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.48. Allstate Corporation (The) had a return on equity of 12.73% and a net margin of 7.02%. The firm had revenue of $8.02 billion for the quarter, compared to the consensus estimate of $7.99 billion. During the same quarter last year, the business posted $0.62 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis.

Several equities analysts recently weighed in on ALL shares. Wells Fargo & Company reaffirmed a “buy” rating on shares of Allstate Corporation (The) in a research report on Thursday, July 20th. Barclays PLC decreased their price objective on shares of Allstate Corporation (The) from $101.00 to $92.00 and set an “overweight” rating for the company in a research note on Monday, July 3rd. Citigroup Inc. increased their price objective on shares of Allstate Corporation (The) from $97.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Buckingham Research began coverage on shares of Allstate Corporation (The) in a research note on Monday, September 11th. They issued an “underperform” rating and a $74.00 price objective for the company. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $91.00 price objective (up previously from $85.00) on shares of Allstate Corporation (The) in a research note on Thursday, July 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $90.50.

In related news, President Matthew E. Winter sold 48,059 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $94.53, for a total value of $4,543,017.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Lees sold 12,288 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $94.09, for a total transaction of $1,156,177.92. Following the completion of the transaction, the executive vice president now directly owns 73,511 shares of the company’s stock, valued at $6,916,649.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,544 shares of company stock valued at $9,017,568. 1.58% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the business. Jackson Grant Investment Advisers Inc. boosted its holdings in Allstate Corporation (The) by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,216 shares of the insurance provider’s stock valued at $108,000 after purchasing an additional 5 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Allstate Corporation (The) by 0.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,082 shares of the insurance provider’s stock valued at $273,000 after purchasing an additional 9 shares during the period. Brighton Jones LLC boosted its holdings in Allstate Corporation (The) by 0.3% in the 2nd quarter. Brighton Jones LLC now owns 3,313 shares of the insurance provider’s stock valued at $293,000 after purchasing an additional 10 shares during the period. Sandy Spring Bank boosted its holdings in Allstate Corporation (The) by 2.5% in the 2nd quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock valued at $103,000 after purchasing an additional 28 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its holdings in Allstate Corporation (The) by 1.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,709 shares of the insurance provider’s stock valued at $219,000 after purchasing an additional 35 shares during the period. 76.08% of the stock is owned by hedge funds and other institutional investors.

Allstate Corporation (NYSE ALL) traded down 1.14% during mid-day trading on Friday, hitting $91.41. The company’s stock had a trading volume of 3,196,813 shares. Allstate Corporation has a 52-week low of $66.55 and a 52-week high of $95.25. The firm has a 50 day moving average of $91.05 and a 200-day moving average of $88.11. The firm has a market cap of $33.03 billion, a price-to-earnings ratio of 13.50 and a beta of 1.08.

Allstate Corporation (The) declared that its board has approved a stock buyback program on Tuesday, August 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the insurance provider to purchase up to 63% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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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.

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

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