Allstate (NYSE:ALL) announced its earnings results on Wednesday. The insurance provider reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.56, reports. Allstate had a return on equity of 13.11% and a net margin of 7.32%. The firm had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the previous year, the business earned $2.17 EPS. The company’s revenue was up 3.8% compared to the same quarter last year.

Allstate (NYSE ALL) traded down $2.23 during trading on Thursday, hitting $94.64. 463,249 shares of the stock traded hands, compared to its average volume of 2,535,527. The company has a market capitalization of $34,662.59, a PE ratio of 13.45, a P/E/G ratio of 1.43 and a beta of 0.97. Allstate has a 52-week low of $77.73 and a 52-week high of $105.36. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.94%. This is a boost from Allstate’s previous quarterly dividend of $0.37. Allstate’s dividend payout ratio is presently 20.56%.

A number of equities analysts have recently weighed in on ALL shares. Zacks Investment Research upgraded Allstate from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. UBS Group boosted their target price on Allstate from $93.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Keefe, Bruyette & Woods downgraded Allstate from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Goldman Sachs Group started coverage on Allstate in a research note on Monday, December 4th. They issued a “neutral” rating and a $104.00 target price on the stock. Finally, Credit Suisse Group boosted their target price on Allstate from $91.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $96.43.

In other news, insider Suren Gupta sold 103,242 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $98.68, for a total value of $10,187,920.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Susan L. Lees sold 4,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $100.49, for a total transaction of $401,960.00. Following the completion of the transaction, the executive vice president now directly owns 24,341 shares in the company, valued at approximately $2,446,027.09. The disclosure for this sale can be found here. Corporate insiders own 1.58% 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.

Earnings History for Allstate (NYSE:ALL)

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