Media coverage about Allstate (NYSE:ALL) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Allstate earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 45.7437906177693 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Allstate’s Sanders Re 2018 cat bond to hit $500m as pricing drops (artemis.bm)
- Allstate (ALL) Expected to Announce Quarterly Sales of $8.37 Billion (americanbankingnews.com)
- Lifshitz & Miller LLP Announces Investigation of Allstate Corporation … – Markets Insider (markets.businessinsider.com)
- RM LAW Announces Investigation of The Allstate Corporation – PR Newswire (press release) (prnewswire.com)
Allstate stock traded down $1.06 during mid-day trading on Thursday, reaching $95.78. The company had a trading volume of 936,417 shares, compared to its average volume of 2,670,171. The firm has a market capitalization of $34,520.68, a P/E ratio of 11.51, a PEG ratio of 1.40 and a beta of 1.00. Allstate has a fifty-two week low of $79.09 and a fifty-two week high of $105.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.25 and a current ratio of 0.25.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be paid a dividend of $0.46 per share. This is an increase from Allstate’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, March 2nd. This represents a $1.84 annualized dividend and a yield of 1.92%. Allstate’s payout ratio is presently 21.98%.
ALL has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut shares of Allstate from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Goldman Sachs initiated coverage on shares of Allstate in a research report on Monday, December 4th. They issued a “neutral” rating and a $104.00 target price for the company. Deutsche Bank reduced their target price on shares of Allstate from $102.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Zacks Investment Research cut shares of Allstate from a “buy” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, ValuEngine raised shares of Allstate from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Allstate has an average rating of “Hold” and a consensus price target of $99.00.
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The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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