The Allstate Co. (NYSE:ALL – Free Report) – Investment analysts at Zacks Research increased their Q1 2024 earnings per share estimates for Allstate in a report issued on Wednesday, April 24th. Zacks Research analyst D. Chatterjee now forecasts that the insurance provider will earn $2.77 per share for the quarter, up from their previous estimate of $2.76. The consensus estimate for Allstate’s current full-year earnings is $13.44 per share. Zacks Research also issued estimates for Allstate’s Q3 2024 earnings at $2.79 EPS, Q1 2025 earnings at $3.74 EPS, Q1 2026 earnings at $3.73 EPS and FY2026 earnings at $17.32 EPS.
Allstate (NYSE:ALL – Get Free Report) last announced its earnings results on Thursday, February 8th. The insurance provider reported $5.82 EPS for the quarter, topping the consensus estimate of $3.87 by $1.95. The company had revenue of $14.83 billion for the quarter, compared to analysts’ expectations of $12.69 billion. Allstate had a positive return on equity of 2.67% and a negative net margin of 0.33%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.36) earnings per share.
View Our Latest Stock Analysis on ALL
Allstate Price Performance
Shares of ALL stock opened at $172.27 on Thursday. The stock’s fifty day moving average is $164.72 and its 200-day moving average is $148.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $45.32 billion, a PE ratio of -138.93, a PEG ratio of 0.43 and a beta of 0.52. Allstate has a 52 week low of $100.57 and a 52 week high of $176.93.
Institutional Investors Weigh In On Allstate
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its position in Allstate by 2.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 48,975 shares of the insurance provider’s stock valued at $8,473,000 after buying an additional 1,108 shares during the last quarter. Leavell Investment Management Inc. acquired a new position in shares of Allstate during the 1st quarter worth approximately $213,000. Patton Albertson Miller Group LLC increased its position in shares of Allstate by 5.2% during the 1st quarter. Patton Albertson Miller Group LLC now owns 35,678 shares of the insurance provider’s stock worth $6,173,000 after purchasing an additional 1,772 shares during the last quarter. Simplicity Wealth LLC acquired a new position in shares of Allstate during the 1st quarter worth approximately $947,000. Finally, GDS Wealth Management increased its position in shares of Allstate by 9.6% during the 1st quarter. GDS Wealth Management now owns 74,649 shares of the insurance provider’s stock worth $12,915,000 after purchasing an additional 6,542 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.
Insider Transactions at Allstate
In other news, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total transaction of $5,276,200.00. Following the sale, the insider now owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider John E. Dugenske sold 31,000 shares of Allstate stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following the sale, the insider now owns 63,731 shares of the company’s stock, valued at approximately $10,847,016.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the sale, the chief accounting officer now directly owns 10,736 shares in the company, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.
Allstate Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from Allstate’s previous quarterly dividend of $0.89. Allstate’s dividend payout ratio (DPR) is currently -296.77%.
Allstate Company Profile
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.
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