Allstate Corp (NYSE:ALL) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $104.30 and last traded at $102.65, with a volume of 1467800 shares trading hands. The stock had previously closed at $103.32.

A number of research analysts have recently issued reports on the company. Wells Fargo & Company reissued a “buy” rating and issued a $105.00 price objective on shares of Allstate in a research note on Thursday, November 2nd. Credit Suisse Group boosted their price objective on Allstate from $91.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, November 2nd. UBS dropped their price target on Allstate from $94.00 to $93.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 19th. Buckingham Research began coverage on Allstate in a research note on Monday, September 11th. They set an “underperform” rating and a $74.00 price target on the stock. Finally, Goldman Sachs Group began coverage on Allstate in a research note on Monday, December 4th. They set a “neutral” rating and a $104.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $96.50.

The company has a market cap of $37,410.00, a price-to-earnings ratio of 15.22, a PEG ratio of 1.99 and a beta of 1.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.01). Allstate had a net margin of 7.32% and a return on equity of 13.11%. The business had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The business’s revenue was up 3.2% on a year-over-year basis. sell-side analysts anticipate that Allstate Corp will post 6.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 30th will be paid a $0.37 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.48 annualized dividend and a yield of 1.44%. Allstate’s payout ratio is 20.56%.

In other Allstate news, insider Suren Gupta sold 103,242 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $98.68, for a total transaction of $10,187,920.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Thomas J. Wilson sold 195,000 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $99.13, for a total value of $19,330,350.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 432,242 shares of company stock worth $42,827,931. 1.58% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of ALL. First Trust Advisors LP increased its stake in Allstate by 2.8% in the second quarter. First Trust Advisors LP now owns 208,353 shares of the insurance provider’s stock valued at $18,427,000 after acquiring an additional 5,761 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Allstate by 9.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 602,564 shares of the insurance provider’s stock valued at $53,221,000 after acquiring an additional 53,347 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Allstate by 1.2% during the second quarter. Teacher Retirement System of Texas now owns 443,832 shares of the insurance provider’s stock valued at $39,253,000 after buying an additional 5,090 shares during the last quarter. Sigma Planning Corp grew its stake in shares of Allstate by 2.4% during the second quarter. Sigma Planning Corp now owns 5,276 shares of the insurance provider’s stock valued at $467,000 after buying an additional 124 shares during the last quarter. Finally, Wedbush Securities Inc. bought a new position in shares of Allstate during the second quarter valued at about $243,000. Hedge funds and other institutional investors own 76.65% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://theolympiareport.com/2017/12/15/allstate-all-sets-new-52-week-high-at-104-30.html.

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.

Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with Analyst Ratings Network's FREE daily email newsletter.