Allstate Corporation (The) (ALL) Getting Somewhat Favorable Media Coverage, Report Shows
Media stories about Allstate Corporation (The) (NYSE:ALL) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Allstate Corporation (The) earned a news impact score of 0.13 on Accern’s scale. Accern also assigned press coverage about the insurance provider an impact score of 46.5526972082125 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Allstate estimates $516m in cat losses after Californian wildfires – Intelligent Insurer (intelligentinsurer.com)
- Allstate Corporation (The) (ALL) Plans $0.37 Quarterly Dividend (americanbankingnews.com)
- Allstate (ALL) Hits a 52-Week High on Strong Q3 Performance (zacks.com)
- THE ALLSTATE CORPORATION (NYSE:ALL-D) Files An 8-K Regulation FD Disclosure (4-traders.com)
- Wells Fargo & Company Reiterates “$110.00” Price Target for Allstate Corporation (The) (ALL) (americanbankingnews.com)
Allstate Corporation (ALL) opened at $99.57 on Friday. The stock has a market capitalization of $36,018.95, a P/E ratio of 14.78, a P/E/G ratio of 1.84 and a beta of 1.09. Allstate Corporation has a 1 year low of $69.04 and a 1 year high of $101.12. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31.
Allstate Corporation (The) (NYSE:ALL) last issued its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.01). The business had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $8.07 billion. Allstate Corporation (The) had a return on equity of 13.11% and a net margin of 7.32%. Allstate Corporation (The)’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 earnings per share. analysts predict that Allstate Corporation will post 6.55 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 30th will be given a $0.37 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.49%. Allstate Corporation (The)’s dividend payout ratio is currently 20.56%.
Allstate Corporation (The) announced that its Board of Directors has authorized a share buyback program on Tuesday, August 1st that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to repurchase up to 63% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
A number of equities analysts recently weighed in on the company. Barclays PLC raised their price objective on Allstate Corporation (The) from $101.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, August 11th. Zacks Investment Research raised Allstate Corporation (The) from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. UBS AG raised their price objective on Allstate Corporation (The) from $93.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Citigroup Inc. decreased their price objective on Allstate Corporation (The) from $107.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, October 2nd. Finally, Deutsche Bank AG cut Allstate Corporation (The) from a “buy” rating to a “hold” rating and raised their price objective for the company from $90.00 to $96.00 in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Allstate Corporation (The) has a consensus rating of “Hold” and a consensus price target of $93.38.
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In other news, Chairman Thomas J. Wilson sold 195,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $99.13, for a total value of $19,330,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suren Gupta sold 103,242 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $98.68, for a total value of $10,187,920.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 428,242 shares of company stock worth $42,425,971. Corporate insiders own 1.58% of the company’s stock.
Allstate Corporation (The) 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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