The Allstate Co. to Issue Quarterly Dividend of $0.92 (NYSE:ALL)

The Allstate Co. (NYSE:ALL) announced a quarterly dividend on Thursday, November 14th,RTT News reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.92 per share by the insurance provider on Thursday, January 2nd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.88%.

Allstate has increased its dividend payment by an average of 18.1% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Allstate has a dividend payout ratio of 20.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Allstate to earn $19.07 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 19.3%.

Allstate Trading Down 0.8 %

ALL traded down $1.59 on Thursday, hitting $195.71. 193,185 shares of the company were exchanged, compared to its average volume of 1,539,599. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a fifty day simple moving average of $189.58 and a two-hundred day simple moving average of $176.40. The stock has a market capitalization of $51.82 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 1.77 and a beta of 0.48. Allstate has a 12 month low of $130.77 and a 12 month high of $201.00.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The firm had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter last year, the business earned $0.81 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. Sell-side analysts expect that Allstate will post 16.02 earnings per share for the current year.

Wall Street Analyst Weigh In

ALL has been the topic of a number of analyst reports. Piper Sandler boosted their price objective on shares of Allstate from $188.00 to $196.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. TD Cowen upped their price target on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Raymond James lifted their price objective on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. Roth Mkm restated a “buy” rating and set a $200.00 target price on shares of Allstate in a report on Wednesday, August 14th. Finally, Jefferies Financial Group lifted their price target on shares of Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $212.56.

Insider Buying and Selling

In related news, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the transaction, the chief executive officer now owns 88,552 shares of the company’s stock, valued at $15,880,915.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the completion of the sale, the chief executive officer now directly owns 88,552 shares in the company, valued at approximately $15,880,915.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Elizabeth Brady sold 49,481 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $179.09, for a total value of $8,861,552.29. Following the completion of the transaction, the executive vice president now directly owns 19,163 shares in the company, valued at $3,431,901.67. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 192,530 shares of company stock valued at $34,967,665 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.