Media stories about Allstate (NYSE:ALL) have been trending somewhat positive on Friday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Allstate earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 46.1055138957534 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
A number of equities research analysts have weighed in on ALL shares. Zacks Investment Research upgraded shares of Allstate from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Tuesday, December 12th. Citigroup cut their price target on shares of Allstate from $107.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, October 2nd. Wells Fargo & Co set a $110.00 price target on shares of Allstate and gave the company a “buy” rating in a report on Thursday, November 16th. B. Riley reiterated a “neutral” rating on shares of Allstate in a report on Monday, November 6th. Finally, Goldman Sachs Group initiated coverage on shares of Allstate in a report on Monday, December 4th. They set a “neutral” rating and a $104.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Allstate currently has an average rating of “Hold” and a consensus price target of $96.43.
Shares of Allstate (NYSE:ALL) opened at $100.78 on Friday. The company has a market cap of $36,160.00, a price-to-earnings ratio of 14.00, a PEG ratio of 1.62 and a beta of 1.12. Allstate has a 52-week low of $73.13 and a 52-week high of $105.36. 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 posted its earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.01). The company had revenue of $8.12 billion for the quarter, compared to analysts’ expectations of $8.07 billion. Allstate had a net margin of 7.32% and a return on equity of 13.11%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. analysts anticipate that Allstate will post 6.16 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th were paid a $0.37 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.47%. Allstate’s payout ratio is currently 20.56%.
In related news, CEO Thomas J. Wilson sold 130,000 shares of Allstate stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $99.29, for a total transaction of $12,907,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Susan L. Lees sold 4,000 shares of Allstate stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $100.49, for a total transaction of $401,960.00. Following the transaction, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at $2,446,027.09. The disclosure for this sale can be found here. Insiders sold a total of 432,242 shares of company stock valued at $42,827,931 over the last three months. Corporate insiders own 1.50% of the company’s stock.
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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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