Allstate (ALL) Earns Daily Coverage Optimism Rating of 0.19
Media stories about Allstate (NYSE:ALL) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Allstate earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the insurance provider an impact score of 46.1642335681529 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Allstate Corp (ALL) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Allstate: Is It Cheap Under $100? (seekingalpha.com)
- Allstate (ALL) Price Target Cut to $100.00 (americanbankingnews.com)
- Allstate Target of Unusually Large Options Trading (ALL) (americanbankingnews.com)
- Local Allstate Agency Owners Aid Survivors of Domestic Violence (patch.com)
Allstate (NYSE:ALL) opened at $90.89 on Friday. Allstate has a 1-year low of $78.13 and a 1-year high of $105.36. The company has a market capitalization of $32,910.00, a PE ratio of 12.62, a PEG ratio of 1.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.25 and a quick ratio of 0.26.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $0.37. Allstate’s dividend payout ratio (DPR) is currently 20.56%.
ALL has been the topic of a number of analyst reports. Wells Fargo & Co set a $105.00 price target on Allstate and gave the company a “buy” rating in a research report on Thursday, October 19th. Credit Suisse Group increased their price objective on Allstate from $91.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded Allstate from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. UBS Group increased their price objective on Allstate from $93.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Finally, B. Riley reiterated a “neutral” rating on shares of Allstate in a report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Allstate presently has an average rating of “Hold” and an average price target of $97.00.
In related news, EVP Susan L. Lees sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $100.49, for a total transaction of $401,960.00. Following the transaction, the executive vice president now owns 24,341 shares in the company, valued at approximately $2,446,027.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.58% of the company’s stock.
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Allstate 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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