Allstate Corporation (The) (NYSE:ALL) – Equities research analysts at William Blair lifted their FY2016 EPS estimates for shares of Allstate Corporation (The) in a research note issued on Monday. William Blair analyst A. Klauber now expects that the brokerage will earn $4.32 per share for the year, up from their previous estimate of $4.28. William Blair also issued estimates for Allstate Corporation (The)’s Q4 2016 earnings at $1.62 EPS.

Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $1.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.26. Allstate Corporation (The) had a return on equity of 9.16% and a net margin of 4.25%. The business had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year.

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A number of other equities research analysts have also recently commented on ALL. Barclays PLC restated a “buy” rating and set a $83.00 target price on shares of Allstate Corporation (The) in a research report on Monday, January 9th. Goldman Sachs Group, Inc. (The) upgraded Allstate Corporation (The) from a “neutral” rating to a “buy” rating and raised their target price for the company from $71.00 to $82.00 in a research report on Tuesday. Zacks Investment Research cut Allstate Corporation (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, January 4th. Deutsche Bank AG restated a “buy” rating and set a $80.00 target price on shares of Allstate Corporation (The) in a research report on Thursday, November 10th. Finally, J P Morgan Chase & Co restated a “buy” rating on shares of Allstate Corporation (The) in a research report on Thursday, November 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Allstate Corporation (The) presently has a consensus rating of “Hold” and a consensus price target of $74.45.

Shares of Allstate Corporation (NYSE:ALL) opened at 73.89 on Thursday. The firm’s 50-day moving average price is $73.02 and its 200-day moving average price is $69.89. Allstate Corporation has a 12 month low of $57.14 and a 12 month high of $74.95. The stock has a market capitalization of $27.21 billion, a P/E ratio of 20.01 and a beta of 0.97.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in Allstate Corporation (The) by 14.6% in the second quarter. Bank of New York Mellon Corp now owns 6,355,789 shares of the company’s stock valued at $444,586,000 after buying an additional 811,752 shares during the last quarter. Standard Life Investments LTD raised its stake in shares of Allstate Corporation (The) by 556.2% in the second quarter. Standard Life Investments LTD now owns 3,243,360 shares of the company’s stock worth $226,857,000 after buying an additional 2,749,105 shares during the last quarter. Taylor Asset Management Inc. raised its stake in shares of Allstate Corporation (The) by 0.3% in the second quarter. Taylor Asset Management Inc. now owns 421,600 shares of the company’s stock worth $29,491,000 after buying an additional 1,200 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Allstate Corporation (The) during the second quarter worth about $14,759,000. Finally, Seminole Management Co. Inc. raised its stake in shares of Allstate Corporation (The) by 87.8% in the second quarter. Seminole Management Co. Inc. now owns 245,648 shares of the company’s stock worth $17,183,000 after buying an additional 114,834 shares during the last quarter. 75.47% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “William Blair Comments on Allstate Corporation (The)’s FY2016 Earnings (ALL)” was first reported by Daily Political and is the propert of of Daily Political. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this news story can be viewed at http://www.dailypolitical.com/2017/01/14/william-blair-comments-on-allstate-corporation-thes-fy2016-earnings-all.html.

In other news, Chairman Thomas J. Wilson sold 22,605 shares of Allstate Corporation (The) stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $74.09, for a total transaction of $1,674,804.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Samuel H. Pilch sold 21,178 shares of Allstate Corporation (The) stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $72.24, for a total transaction of $1,529,898.72. The disclosure for this sale can be found here. Insiders own 1.58% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Wednesday, November 30th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Monday, November 28th. Allstate Corporation (The)’s payout ratio is presently 35.68%.

About Allstate Corporation (The)

The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business.

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