Allstate (NYSE:ALL) Issues Earnings Results

Allstate (NYSE:ALL – Get Free Report) announced its quarterly earnings data on Wednesday. The insurance provider reported $9.76 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $2.87, FiscalAI reports. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The company had revenue of $17.35 billion during the quarter, compared to the consensus estimate of $15.87 billion.

Allstate Stock Performance

Shares of Allstate stock traded up $7.89 during trading on Wednesday, reaching $269.39. The company’s stock had a trading volume of 2,012,266 shares, compared to its average volume of 1,746,618. The business’s 50-day moving average price is $245.62 and its 200-day moving average price is $228.78. The firm has a market cap of $68.12 billion, a PE ratio of 5.38, a P/E/G ratio of 0.58 and a beta of 0.13. Allstate has a 52 week low of $191.13 and a 52 week high of $277.22. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24.

Trending Headlines about Allstate

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ALL shares. Piper Sandler reaffirmed an “overweight” rating on shares of Allstate in a report on Monday, September 28th. Jefferies Financial Group cut their target price on shares of Allstate from $310.00 to $292.00 and set a “buy” rating for the company in a research note on Tuesday, October 6th. Raymond James Financial reiterated a “strong-buy” rating and set a $315.00 price target (up from $300.00) on shares of Allstate in a report on Tuesday, August 11th. Bank of America boosted their price target on Allstate from $336.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Finally, BMO Capital Markets upped their price objective on Allstate from $250.00 to $284.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $270.19.

View Our Latest Research Report on ALL

Insider Transactions at Allstate

In other Allstate news, insider John E. Dugenske sold 32,996 shares of Allstate stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $269.33, for a total value of $8,886,812.68. Following the completion of the sale, the insider owned 13,054 shares in the company, valued at $3,515,833.82. The trade was a 71.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mario Rizzo sold 56,225 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the completion of the sale, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $21,747,396.96. This represents a 40.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.55% of the stock is currently owned by company insiders.

Allstate Company Profile

(Get Free Report)

Allstate Corp. (NYSE: ALL) is an insurance company that provides protection products and related services primarily in the United States. Its offerings include automobile, homeowners, renters, condominium, motorcycle and other personal property and casualty insurance, distributed through agents, brokers, direct channels and digital platforms.

The company also provides roadside assistance, identity-protection services and protection plans for consumer products. Through its acquisition of National General, Allstate expanded its presence in independent-agent distribution and specialty personal insurance.

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Earnings History for Allstate (NYSE:ALL)

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