Allstate Corporation (The) (NYSE:ALL) – Equities research analysts at William Blair upped their Q3 2017 EPS estimates for shares of Allstate Corporation (The) in a note issued to investors on Wednesday. William Blair analyst A. Klauber now forecasts that the insurance provider will earn $1.84 per share for the quarter, up from their previous estimate of $1.65. William Blair also issued estimates for Allstate Corporation (The)’s Q4 2017 earnings at $1.78 EPS, FY2017 earnings at $6.63 EPS, Q1 2018 earnings at $1.13 EPS, Q2 2018 earnings at $1.13 EPS, Q3 2018 earnings at $1.91 EPS, Q4 2018 earnings at $1.82 EPS and FY2018 earnings at $5.98 EPS.

Allstate Corporation (The) (NYSE:ALL) last posted its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.48. The company had revenue of $8.02 billion for the quarter, compared to the consensus estimate of $7.99 billion. Allstate Corporation (The) had a net margin of 7.02% and a return on equity of 12.73%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share.

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Several other brokerages also recently weighed in on ALL. Deutsche Bank AG downgraded shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating and increased their price target for the stock from $90.00 to $96.00 in a report on Tuesday. UBS AG reiterated a “neutral” rating and issued a $94.00 price target (up previously from $86.00) on shares of Allstate Corporation (The) in a report on Thursday, August 3rd. BidaskClub downgraded shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a report on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $88.00 price target on shares of Allstate Corporation (The) in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Allstate Corporation (The) currently has a consensus rating of “Hold” and a consensus target price of $89.38.

Allstate Corporation (ALL) opened at 94.21 on Monday. The company has a 50 day moving average of $89.51 and a 200-day moving average of $83.65. The stock has a market cap of $34.04 billion, a P/E ratio of 13.92 and a beta of 1.10. Allstate Corporation has a 12-month low of $66.55 and a 12-month high of $94.49.

Allstate Corporation (The) declared that its Board of Directors has initiated a share repurchase plan on Tuesday, August 1st that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the insurance provider to buy up to 63% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Thursday, August 31st will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. Allstate Corporation (The)’s dividend payout ratio (DPR) is 21.86%.

In other news, President Matthew E. Winter sold 33,957 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $84.38, for a total transaction of $2,865,291.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Susan L. Lees sold 12,288 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $94.09, for a total value of $1,156,177.92. Following the transaction, the executive vice president now owns 73,511 shares in the company, valued at approximately $6,916,649.99. The disclosure for this sale can be found here. Insiders have sold a total of 218,162 shares of company stock worth $19,450,439 in the last quarter. Insiders own 1.58% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ALL. Henderson Group PLC raised its position in shares of Allstate Corporation (The) by 1.1% in the first quarter. Henderson Group PLC now owns 47,317 shares of the insurance provider’s stock worth $3,855,000 after buying an additional 500 shares during the period. FCA Corp TX raised its position in shares of Allstate Corporation (The) by 0.7% in the first quarter. FCA Corp TX now owns 25,241 shares of the insurance provider’s stock worth $2,057,000 after buying an additional 180 shares during the period. Paragon Capital Management Ltd acquired a new position in shares of Allstate Corporation (The) during the first quarter worth about $222,000. IFP Advisors Inc raised its position in shares of Allstate Corporation (The) by 5.8% in the first quarter. IFP Advisors Inc now owns 12,623 shares of the insurance provider’s stock worth $1,029,000 after buying an additional 695 shares during the period. Finally, State Street Corp raised its position in shares of Allstate Corporation (The) by 3.0% in the first quarter. State Street Corp now owns 18,074,304 shares of the insurance provider’s stock worth $1,472,962,000 after buying an additional 530,591 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

About Allstate Corporation (The)

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.

Earnings History and Estimates for Allstate Corporation (The) (NYSE:ALL)

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