News coverage about Allstate (NYSE:ALL) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Allstate earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 46.3207523924848 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s analysis:
Several research firms recently commented on ALL. Citigroup cut their price target on Allstate from $107.00 to $106.00 and set a “buy” rating for the company in a report on Monday, October 2nd. B. Riley reaffirmed a “neutral” rating on shares of Allstate in a report on Monday, November 6th. Wells Fargo & Co cut Allstate from an “outperform” rating to a “market perform” rating in a report on Tuesday. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a report on Wednesday, January 3rd. Finally, UBS Group cut their price target on Allstate from $94.00 to $93.00 and set a “neutral” rating for the company in a report on Tuesday, September 19th. 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 company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $96.43.
Allstate (NYSE:ALL) traded up $1.33 during mid-day trading on Friday, reaching $102.11. The company’s stock had a trading volume of 2,400,000 shares, compared to its average volume of 1,900,000. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market capitalization of $36,640.00, a PE ratio of 14.18, a price-to-earnings-growth ratio of 1.52 and a beta of 1.12. Allstate has a one year low of $73.13 and a one year high of $105.36.
Allstate (NYSE:ALL) last posted 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). The business had revenue of $8.12 billion for the quarter, compared to analyst estimates of $8.07 billion. Allstate had a return on equity of 13.11% and a net margin of 7.32%. Allstate’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS. analysts predict that Allstate will post 6.15 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th were paid a dividend of $0.37 per share. The ex-dividend date was Wednesday, November 29th. This represents a $1.48 annualized dividend and a yield of 1.45%. Allstate’s dividend payout ratio (DPR) is 20.56%.
In other news, CEO Thomas J. Wilson sold 130,000 shares of the firm’s stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Susan L. Lees sold 4,000 shares of the firm’s stock in a transaction 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. In the last three months, insiders have sold 432,242 shares of company stock valued at $42,827,931. 1.58% of the stock is owned by insiders.
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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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