The Allstate Corporation (ALL) to Issue Quarterly Dividend of $1.00 on January 2nd

The Allstate Corporation (NYSE:ALL) announced a quarterly dividend on Thursday, November 20th. Shareholders of record on Monday, December 1st will be given a dividend of 1.00 per share by the insurance provider on Friday, January 2nd. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, December 1st.

Allstate has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 15 years. Allstate has a dividend payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Allstate to earn $21.55 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 18.6%.

Allstate Trading Down 0.2%

NYSE:ALL opened at $213.39 on Friday. Allstate has a 12-month low of $176.00 and a 12-month high of $215.89. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $204.68 and its 200-day simple moving average is $202.44. The firm has a market cap of $55.84 billion, a P/E ratio of 10.03, a PEG ratio of 0.69 and a beta of 0.35.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, topping the consensus estimate of $5.48 by $5.69. The firm had revenue of $17.26 billion during the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company earned $3.91 earnings per share. Equities analysts anticipate that Allstate will post 18.74 EPS for the current year.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 21,871 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $215.21, for a total transaction of $4,706,857.91. Following the sale, the insider directly owned 100,646 shares in the company, valued at approximately $21,660,025.66. The trade was a 17.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 24,271 shares of company stock worth $5,222,986 over the last ninety days. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in Allstate by 60.2% during the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after acquiring an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Allstate in the fourth quarter valued at approximately $231,000. LPL Financial LLC increased its stake in shares of Allstate by 4.8% during the 1st quarter. LPL Financial LLC now owns 262,190 shares of the insurance provider’s stock worth $54,292,000 after purchasing an additional 11,979 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Allstate by 113.8% during the 1st quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 99 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Allstate in the 1st quarter valued at approximately $786,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.