Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Allstate (ALL) Stock Price
Media headlines about Allstate (NYSE:ALL) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Allstate earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 45.968845505984 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Allstate Expands Into Identity Protection With InfoArmor Acquisition (insurancenewsnet.com)
- Allstate (ALL) Given a $112.00 Price Target by Credit Suisse Group Analysts (americanbankingnews.com)
- The Allstate Corporation: InfoArmor Acquisition News Release (twst.com)
- Allstate to Offer Identity Protection With InforArmor Buyout (zacks.com)
- College Football Fans Willing to Embrace Mayhem in Exchange for National Championship Title (finance.yahoo.com)
NYSE ALL opened at $100.38 on Wednesday. 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 stock has a market capitalization of $34.46 billion, a PE ratio of 14.96, a P/E/G ratio of 1.27 and a beta of 0.94. Allstate has a 12 month low of $85.59 and a 12 month high of $105.36.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, August 31st will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, August 30th. Allstate’s payout ratio is presently 27.42%.
A number of research analysts have weighed in on ALL shares. ValuEngine cut shares of Allstate from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st. Wells Fargo & Co set a $100.00 price objective on shares of Allstate and gave the company a “hold” rating in a research report on Tuesday, May 1st. B. Riley boosted their price objective on shares of Allstate from $88.00 to $103.00 and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Zacks Investment Research upgraded shares of Allstate from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research report on Monday, May 7th. Finally, Citigroup cut their price objective on shares of Allstate from $113.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, May 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Allstate has an average rating of “Hold” and a consensus price target of $103.92.
In other news, insider Glenn T. Shapiro sold 21,728 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $98.70, for a total value of $2,144,553.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Susan L. Lees sold 22,189 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $99.24, for a total transaction of $2,202,036.36. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
Allstate Company Profile
The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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