Allstate (NYSE:ALL) Posts Earnings Results, Beats Expectations By $1.02 EPS

Allstate (NYSE:ALL) released its quarterly earnings data on Thursday. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $1.02, Briefing.com reports. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The company had revenue of $15.26 billion during the quarter, compared to the consensus estimate of $12.76 billion. During the same quarter in the prior year, the firm posted ($1.30) earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year.

Allstate Stock Down 0.6 %

Allstate stock traded down $1.00 during midday trading on Friday, reaching $168.18. The stock had a trading volume of 1,668,295 shares, compared to its average volume of 1,508,644. Allstate has a 12 month low of $100.57 and a 12 month high of $177.37. The company has a market capitalization of $44.39 billion, a P/E ratio of 37.13, a PEG ratio of 0.40 and a beta of 0.51. The company has a fifty day moving average price of $166.06 and a two-hundred day moving average price of $150.95. The company has a current ratio of 0.36, a quick ratio of 0.37 and a debt-to-equity ratio of 0.48.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.19%. This is a positive change from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. Allstate’s payout ratio is presently 81.24%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ALL shares. UBS Group raised their price target on shares of Allstate from $171.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, February 12th. The Goldman Sachs Group raised their target price on Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. HSBC raised Allstate from a “hold” rating to a “buy” rating and raised their target price for the stock from $158.00 to $190.00 in a research report on Thursday, March 28th. TheStreet raised Allstate from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Finally, Jefferies Financial Group raised Allstate from a “hold” rating to a “buy” rating and raised their target price for the stock from $130.00 to $180.00 in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.18.

Insider Activity at Allstate

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now owns 63,731 shares in the company, valued at approximately $10,847,016.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

About Allstate

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.