Allstate (ALL) Receives Daily News Impact Score of 0.14
Press coverage about Allstate (NYSE:ALL) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Allstate earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 46.1055138957534 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Allstate (ALL) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- Radian Group (RDN) & Allstate (ALL) Head to Head Comparison (americanbankingnews.com)
- Global Home Insurance Market 2017-2022 Allstate Corp, Liberty Mutual, Chubb Corp, USAA Insurance Group – The Tri-County Press (thetricountypress.com)
- 4 Trades To Put You In Good Hands With Allstate (investing.com)
- Picton Mahoney Asset Management Cut Allstate (ALL) Holding; Middleby (MIDD) Sentiment Is 0.8 – Hill Country Times (hillcountrytimes.com)
A number of research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Allstate from a “buy” rating to a “hold” rating in a research report on Tuesday. Goldman Sachs Group began coverage on shares of Allstate in a research report on Monday, December 4th. They issued a “neutral” rating and a $104.00 price target on the stock. Wells Fargo & Company set a $110.00 price target on shares of Allstate and gave the stock a “buy” rating in a research report on Thursday, November 16th. B. Riley reiterated a “neutral” rating on shares of Allstate in a research report on Monday, November 6th. Finally, UBS increased their price target on shares of Allstate from $93.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $96.50.
Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). Allstate had a return on equity of 13.11% and a net margin of 7.32%. The business had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $8.07 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. analysts anticipate that Allstate will post 6.23 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 30th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.48 annualized dividend and a dividend yield of 1.42%. Allstate’s dividend payout ratio (DPR) is presently 20.56%.
In related news, insider Suren Gupta sold 103,242 shares of Allstate stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $98.68, for a total transaction of $10,187,920.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Susan L. Lees sold 4,000 shares of Allstate stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $100.49, for a total transaction of $401,960.00. Following the sale, the executive vice president now owns 24,341 shares of the company’s stock, valued at approximately $2,446,027.09. The disclosure for this sale can be found here. Insiders sold a total of 432,242 shares of company stock valued at $42,827,931 in the last 90 days. Company insiders own 1.50% of the company’s stock.
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Allstate 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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