Allstate Corp (NYSE:ALL) – Equities research analysts at Langen Mcalenn dropped their Q4 2017 earnings estimates for Allstate in a research report issued on Tuesday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the insurance provider will post earnings of $1.32 per share for the quarter, down from their prior estimate of $1.43.

Several other equities research analysts have also recently commented on ALL. Citigroup lowered their price target on Allstate from $107.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, October 2nd. B. Riley reaffirmed a “neutral” rating on shares of Allstate in a research report on Monday, November 6th. Wells Fargo & Co cut Allstate from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 9th. UBS Group decreased their target price on Allstate from $94.00 to $93.00 and set a “neutral” rating for the company in a research report on Tuesday, September 19th. Finally, Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Allstate presently has an average rating of “Hold” and a consensus target price of $96.43.

Shares of Allstate (NYSE:ALL) opened at $102.13 on Wednesday. The company has a market capitalization of $36,639.72, a P/E ratio of 14.18, a P/E/G ratio of 1.54 and a beta of 1.12. Allstate has a 12 month low of $73.39 and a 12 month high of $105.36. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.31.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.01). The firm had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.07 billion. Allstate had a net margin of 7.32% and a return on equity of 13.11%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th were given a dividend of $0.37 per share. The ex-dividend date was Wednesday, November 29th. This represents a $1.48 dividend on an annualized basis and a yield of 1.45%. Allstate’s payout ratio is currently 20.56%.

In other news, CEO Thomas J. Wilson sold 130,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $99.29, for a total transaction of $12,907,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Susan L. Lees sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $100.49, for a total value of $401,960.00. Following the transaction, the executive vice president now owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 432,242 shares of company stock valued at $42,827,931. Corporate insiders own 1.50% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Arrow Financial Corp lifted its holdings in shares of Allstate by 100.0% during the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock worth $102,000 after buying an additional 553 shares during the last quarter. Sandy Spring Bank raised its stake in shares of Allstate by 2.5% in the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock valued at $103,000 after purchasing an additional 28 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of Allstate by 46.6% in the second quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 405 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new position in shares of Allstate in the third quarter valued at $116,000. Finally, Baker Ellis Asset Management LLC acquired a new position in shares of Allstate in the third quarter valued at $120,000. Institutional investors own 76.56% of the company’s stock.

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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.

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