The Allstate Corporation (ALL) To Go Ex-Dividend on August 31st

The Allstate Corporation (NYSE:ALL) announced a quarterly dividend on Wednesday, July 8th. Stockholders of record on Monday, August 31st will be given a dividend of 1.08 per share by the insurance provider on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, August 31st.

Allstate has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Allstate has a payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Allstate to earn $26.47 per share next year, which means the company should continue to be able to cover its $4.32 annual dividend with an expected future payout ratio of 16.3%.

Allstate Price Performance

Shares of NYSE ALL opened at $248.23 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $63.90 billion, a PE ratio of 5.48, a P/E/G ratio of 0.44 and a beta of 0.16. The firm has a fifty day simple moving average of $223.37 and a 200 day simple moving average of $212.74. Allstate has a twelve month low of $188.08 and a twelve month high of $257.67.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, topping the consensus estimate of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The firm had revenue of $16.94 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same period last year, the company posted $3.53 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts forecast that Allstate will post 29.8 EPS for the current year.

Insider Transactions at Allstate

In other Allstate news, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction on Friday, May 1st. The shares were sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $17,991,267.60. The trade was a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea Redmond sold 2,225 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $202.91, for a total transaction of $451,474.75. Following the completion of the sale, the director owned 2,225 shares of the company’s stock, valued at approximately $451,474.75. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 22,353 shares of company stock valued at $4,851,560 over the last ninety days. 1.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Allstate

Several hedge funds have recently modified their holdings of the company. South Plains Financial Inc. lifted its holdings in Allstate by 41.5% during the third quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 49 shares during the period. Coldstream Capital Management Inc. increased its position in shares of Allstate by 0.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 7,809 shares of the insurance provider’s stock valued at $1,625,000 after purchasing an additional 50 shares during the last quarter. Compound Planning Inc. raised its stake in shares of Allstate by 1.6% during the 4th quarter. Compound Planning Inc. now owns 3,216 shares of the insurance provider’s stock worth $669,000 after purchasing an additional 50 shares during the period. Humankind Investments LLC boosted its holdings in shares of Allstate by 4.5% in the 3rd quarter. Humankind Investments LLC now owns 1,191 shares of the insurance provider’s stock worth $256,000 after buying an additional 51 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in Allstate by 0.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider’s stock valued at $1,210,000 after buying an additional 52 shares during the period. Institutional investors own 76.47% of the company’s stock.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.